Tuesday, December 02, 2008

Millionaires who might not be farmers get subsidies; nothing checking proceeds eligibility Loan.

WASHINGTON - A sports gang owner, a economic dogged executive and residents of Hong Kong and Saudi Arabia were mid 2,702 millionaire recipients of arable payments from 2003 to 2006 - and it's not even unwavering they were rightful farmers, congressional investigators reported Monday. They unquestionably were ineligible, but the Agriculture Department can't validate that, since officials never checked their incomes, the Government Accountability Office said. The Agriculture Department cried foul: It said the investigators had access to Internal Revenue Service facts on individuals that the activity is not permitted to see. John Johnson, spokesman administrator in the department's Farm Service Agency, said officials there are in finger on with the IRS to dream up a set-up for including cess bumf in its sampling program to choose eligibility.



He added that 2,702 recipients cited by GAO was a flat part of the 1.8 million recipients of cultivate payments from 2003 through 2006. The investigators said the hard will only get worse, because the payments they cited only covered the 2002 farmland tab subsidies. The 2008 grange legislation has provisions that could cede to even more commoners to learn inapt payments without striking checks, they said.






There are three necessary types of payments: categorical subsidies based on a farmer's making history; countercyclical payments that rebound in when prices are soft and vaporize when they recover; and a advance program that allows repayment in bills or crops. The 2002 farm-toun bill required an income prove for the first time. An distinctive or farm entity was ineligible if commonplace adjusted gross income exceeded $2.5 million over three years - unless 75 percent or more of that takings came from farming, ranching and forestry.



According to the report, the 2,702 recipients exceeded the $2.5 million and got less than 75 percent of their profit from these activities. The payments to them totaled more than $49 million. "USDA has relied mostly on individuals' one-time self-certifications that they do not go beyond revenue eligibility caps, and their commitment that they will tell USDA of any changes that cause them to overwhelm these caps," the GAO said.



The detonation said Agriculture competitors offices have been able to application that recipients enter weigh down returns for review. But the administrator in name of the pay programs, Teresa Lasseter, told the GAO, "Requiring three years of encumber returns initially from over 2 million program participants was not a practical election or cost-effective alternative." The GAO said 78 percent of the recipients resided in or near a metropolitan area, while the outstanding 22 percent resided in muscular towns, Lilliputian towns, and bucolic areas. Further, the investigators said the Agriculture Department should have known that 87 of the 2,702 recipients were unfit because it had famed in its own databases that they exceeded the receipts caps.

payments




Author's site: read there


No comments: