Related News
US to crack down on wealthy subsidy recipients
Source: Agencies |
March 19, 2009, Thursday
|
Online Edition
Online Edition
US authorities are cracking down on millionaires who receive farm subsidies by mistake.
A report released last year shows that a sports team owner, a financial firm executive and 2,700 other millionaires were receiving farm payments even though they probably were ineligible. The US Agriculture Department said they did not have access to information from tax authorities that could have disqualified them.
Agriculture Secretary Tom Vilsack is expected to announce Thursday that his department will now work with the Internal Revenue Service to verify the incomes of subsidy recipients.
The new rules are part of an administration effort to improve coordination between agencies and trim waste from departmental budgets.
A report released last year shows that a sports team owner, a financial firm executive and 2,700 other millionaires were receiving farm payments even though they probably were ineligible. The US Agriculture Department said they did not have access to information from tax authorities that could have disqualified them.
Agriculture Secretary Tom Vilsack is expected to announce Thursday that his department will now work with the Internal Revenue Service to verify the incomes of subsidy recipients.
The new rules are part of an administration effort to improve coordination between agencies and trim waste from departmental budgets.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
