News 151 views last update:6 Aug 2012

US president Bush vetoes Farm Bill

US president Bush vetoed the $300 billion Farm Bill, saying that it is a tax increase when high food prices are high.

Bush's veto may not have much impact as it is likely to be overridden. It passed the House of Representatives as well as the Senate with veto-proof majorities.

A White House spokesman said that president Bush rejected it because it increases federal spending. About 2/3 of the bill would pay for nutrition programmes such as food stamps and emergency food aid for the needy.

An additional $40 billion is for farm subsidies while almost $30 billion would go to farmers to idle their land and to other environmental programmes.

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