USDA, IRS Crack Down On Wealthy Farm Subsidy Recipients

By: Associated Press Email
By: Associated Press Email

Stay up-to-date with KAKE News:

Thursday, March 19, 2009

The Internal Revenue Service and the Agriculture Department 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 Agriculture Department said they did not have access to IRS information that could have disqualified them.

Agriculture Secretary Tom Vilsack is expected to announce Thursday that his department will now work with the IRS 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.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KAKE TV 1500 N. West Street Wichita, KS 67203-1323 (316) 943-4221
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 41488147 - kake.com/a?a=41488147