Brazil'S Victory In The Trade Case Reveals That US Cotton Subsidies Are Wasteful.

Brazil is in

Business news June 4th, American taxpayers should thank Brazil and Brazil.

Since 1991, the federal government has spent $about 50000000000 to support cotton growers, with an average annual subsidy of $about 3000000000 over the past 10 years.

Most of the subsidies are provided to large, politically related agribusinesses, located in the sunshine zone, although prisoners in Arkansas prison have received some cash.

Partly because of these subsidies, American cotton

In short, the US cotton industry is dependent on subsidies, and subsidies are against international trade agreements. Therefore, subsidies are a waste of taxpayers' money and a threat to other American exporters and the employment opportunities they offer.

Four congressmen -- Democrat John Ron Kind (Wisconsin), Barney Frank Barney Frank (Massachusetts), Republican Jeff Flake Jeff Flake (Arizona) and Paul Ruian Paul D. Ryan (Wisconsin) recently wrote to the president, who said that the cotton program "rapidly became a dependence on future trade growth."

Instead of effectively reforming our plan, we pay US $147 million 300 thousand annually to Brazil agricultural enterprises. Only in this way can we continue to pay approximately $3 billion annually to large US integrated agricultural enterprises. "

Of course, the federal government must borrow most of the money for 147 million 300 thousand dollars and 3 billion dollars.

If this regrettable event can not make Washington ashamed and end this farce, then nothing will make Washington ashamed.