It should be clear by now that, despite the assurances from President Donald Trump and his allies in government, the One Big Beautiful Bill Act—which passed the U.S. House of Representatives last month—not only won't reduce the federal budget deficit but will in fact increase the nation's debt load by $2.4 trillion over the next decade.
Given that Trump came into office promising to cut federal spending, it's worth looking at how Trump's bill does the opposite of what he and other Republicans say it does. And one of the more egregious things it does is boost corporate welfare for wealthy farmers.
"The government provides agricultural subsidies—monetary payments and other types of support—to farmers or agribusinesses," says the U.S. Department of Agriculture (USDA). "While some subsidies are given to promote specific farming practices, others focus on research and development, conservation practices, disaster aid, marketing, nutrition assistance, risk mitigation, and more."
