While the Great Depression affected almost all sectors of the United States economy, the farming industry, which employed nearly a quarter of the country’s population, was hit particularly hard. In response, one of the first laws passed by the Roosevelt Administration was the Agricultural Adjustment Act of 1933 (AAA). Although it had good intentions at the time, the AAA has largely devolved into direct handouts to farmers, overwhelmingly incentivizing the production of only five crops: corn, soybeans, wheat, cotton and rice.
While government subsidies persist, the agriculture industry has changed drastically. Despite representing only 10% of incentive recipients, large corporations now control much of the farming industry and receive almost 66% of subsidy dollars.
Over the past several months, American families have watched the prices of everyday goods and services ascend to new heights as inflation has reached never-before-seen levels. Everyday goods and services such as food, clothing, home supplies and air transportation have become impossible to purchase for many families across the United States.
COVID-19. Russia’s invasion. The Supreme Court. Inflation. Mass resignations. Student debt. Global warming. The United State’s role in the world. Recently, these are at the forefront of our thoughts at one time or another, and for some, every day. This week, President Biden will likely address all of those and more at the 2022 State of the Union (SOTU).
Full-time college students have been left out of the stimulus checks for the length of the COVID-19 pandemic. Students aged 18 to 24 are still eligible to be claimed as dependentson their parents’ taxes and are therefore unqualified for the $1,400 stimulus checks. In addition to this oversight, because many college students are over 17, their parents do not receive the additional $500. Why are they different from any other dependents?