Food Price Control and Food Subsidies
Two issues upon which President Roosevelt clashed repeatedly with Congress during the war years are again up for action at the 1946 session. They are (1) whether the federal government shall continue to pay subsidies on leading food products to hold down living costs, (2) whether the parity formula of the Agricultural Adjustment Act of 1938 shall be revised to permit a rise in the prices of basic farm commodities. Both questions are a part of the larger question of what the federal government should—or can—do to assure permanently a “fair share of the national income” to agriculture.
Proposal to Renew Price Control and Subsidy Powers
In his annual message of Jan. 21 President Truman asked Congress for quick action to ...