CBO and Farm Bill
Thompson told GOP leadership, the CBO was ‘off the mark’ in predicting the deal will hike food stamp spending, some 80% of the farm bill …
THOMPSON … “Absolutely, they got it wrong, and it was a factor of double-counting. These individuals, veterans, the homeless and those aging out of foster youth, they’re largely already counted, they’re already eligible.”
Commodity Markets chair, Dusty Johnson on SNAP work requirements …
JOHNSON … “Work requirements clearly save money. And I would again point you to the CBO 2022 study, that indicated that work requirements absolutely save substantial federal dollars.”
But CBO now says the debt deal adds over $2 billion and 78,000 recipients to SNAP, a potential limit that could squeeze funds for commodities.
Thompson says CBO has already admitted error in its farm bill baseline for one commodity, cotton …
THOMPSON … “There was an apology, I received, from the CBO director, that their analysts got it wrong, and obviously, have promised a correction, as we move closer to moving the bill—that’ll be a billion dollars that’ll be added to the baseline, which will be more helpful for us, with doing the farm bill this fall.”
But will CBO correct itself on SNAP, if proven wrong?
CBO and Congressional appropriators will have the final say on spending, not the Ag Committees.