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House passes farm bill
By Jo Bonner
After months of bipartisan work in the House Agriculture
Committee, the House last week passed H.R. 2419, the
Farm, Nutrition, and Bioenergy Act of 2007. Unfortunately,
due to a last-minute insertion of a controversial, highly
partisan tax increase by the Democratic majority, I
had to oppose the bill that I had worked months on in
hopes of supporting.
With the 2002 farm bill set to expire later this year,
the Agriculture Committee has been front and center
working to write a farm bill that can be good for both
America's farmers and the hundreds of millions of Americans
who depend on them.
Truth be told, I was very hopeful when the farm bill
came out of the committee - in fact, it passed with
near unanimous support. And given the financial constraints
of the measure, both the chairman and the ranking member
did the best they could to craft a bipartisan farm bill.
Traditionally, farm bills are bipartisan in nature breaking
down more along regional lines than party lines. As
you can appreciate, a 500-acre soybean farm in southwest
Alabama is obviously a much different type of operation
than a 250,000-acre cattle farm in Montana.
But the bill the Agriculture Committee passed was drastically
changed right before it came to the House floor. Along
the way, the hope for bipartisanship seemed to dissipate
when the majority party included a $7.5 billion tax
increase - couched as "closing the loophole on
foreign investment." In reality, however, this
was nothing more than a huge new tax on foreign companies
that operate in the United States and employ Americans
- potentially driving away millions of American jobs.
As you know, there is no better example of where foreign
investment can help turn around an economy than our
state of Alabama. Today, Alabama has one of the lowest
unemployment rates in the nation largely because of
the foreign companies that have invested here over the
past few years.
While foreign companies like Degussa, Ciba, Austal USA,
IPSCO Steel and Mobile Aerospace - among many others
- have helped to turn around south Alabama's economy;
the same can be said statewide for Mercedes-Benz, Honda
and Hyundai.
And, who can discount the impact of ThyssenKrupp, the
German steel giant that is building a $3.7 billion plant
in south Alabama, employing thousands of people in the
process? Friends, these are all foreign companies, yet
when they invest and bring jobs to America, the last
thing we should want to do is discourage them from signing
up American workers.
Provisions were also added to the farm bill that will
divert the deepwater royalties in the Gulf of Mexico
to fund farm bill programs that have nothing to do with
the environmental risks of producing energy from deepwater
leases.
In the end, the majority chose to use the farm bill
as a means to raise taxes, displace jobs, and hurt America's
global competitiveness. As such, on final passage, I
had to vote against a bill that I felt would hurt our
state's prosperity and, in turn, Alabama's farmers.
Jo Bonner may be contacted toll free at 1-800-288-8721
or by visiting his Web site at www.bonner.house.gov.
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