Reagan budget signals sweeping decoupling of farm subsidies
Budget Director James C. Miller III outlined a mostly unchanged fiscal 1988 plan that would decouple farm subsidies from production, replacing direct payments tied to crops with subsidies based on capacity or other criteria. He cited high costs and distorted world markets, with $52 billion in program cuts and other savings to meet Gramm-Rudman targets and potential asset sales including the Amtrak rail line.
MENTIONED IN THIS ARTICLE
Washington
Reagan
James C. Miller III
Miller
Congress
Gramm-Rudman
Boston-New York-Washington
Panel Favors Car Makers Abolish Fuel Economy Rules
Washington AP panel led by Vice President George Bush urges scrapping the CAFE fuel economy standards. The task force claims the rules force automakers to shed heavier cars, cost tens of thousands of domestic jobs, and invite foreign competition. Ford and GM back the proposal as Reagan weighs action for Congress.
MENTIONED IN THIS ARTICLE
Washington
U.S
George Bush
Presidential Task Force
Reagan
C. Boyden Gray
Gray
White House
United States
Wendy Gramm
Edwin Meese III
Commerce
Malcolm Baldrige
Labor
William E. Brock
Office of Management and Budget
James C. Miller II
Beryl W. Sprinkel
Council of Economic Advisers
Ford Motor Co
General Motors Corp
Congress
Chrysler Corp
Center For Auto Safety
National Highway Traffic Safety Administration
NHTSA
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