Then they get the deduction off their taxes. No free rides beforehand but if they commit to improving their lot in life by getting a degree those expenses incurred should be tax deductible. Will make getting their start in life after college a lot easier.
No they didn’t. Prior to the farm program it was feast or famine and there was no predictability in what might be produced from year to year.
Bailouts in 2018 were included?
Deductions only lower your taxable income.
I only had to pay for the 5th year and the additional summer session necessary to receive my 4 year degree. My parents cut me off at 4 years. 
The bailouts were separate to the farm program which has been subsidizing farmers for over a hundred years.
That was an emergency created by the trade war and the tariff money was used to compensate them for their losses.
Correct. Better than nothing and definitely more doable. How are you going to forgive a trillion dollars of outstanding loans? It’s not possible. This also takes care of the call for “free college”, by the way.
It doesn’t solve anything and it certainly doesn’t help kids from families that flat don’t make enough.
Something has to be done to get the runaway cost of a college education under control but that’s another topic entirely.
That wasn’t an emergency. It was just a consequence of trade policy.
Farmers did nothing to earn those bailouts except influence the central government.
Skin in the game.
Nobody buys books anymore.
Yes it was an emergency caused by the trade war. Farm bankruptcies were skyrocketing.
On a farm, everything is an emergency. We can’t eat your cubicle.
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Emergency, in just about every definition of the word, has an unexpected or unforseen quality to it. There was nothing unexpected or unforseen about the economic damage that tariffs cause. It was not an emergency. Farmers just did not prepare.
You run with that if it gives you comfort. I’ll stick with reality.
I don’t like to eat soybeans in my cubicle. That’s not an emergency to me.
It solves plenty but agreed, not everything. Say the Parents are spending 25k a year on their kid to go to college. They get a 25k deduction on their taxes that year, that will help ease the burden by quite a bit. Say the kid takes out 50k in loans, once they graduate they get a decent job by are burdened by these huge loan payments. If those are tax deductible, at the end of the year they face a much lower tax burden. That is going to help.
It’s not a handout, this is a tax cut for folks who are doing the right thing. I cannot imagine Conservatives protesting a tax cut.
As far as the runaway costs? Stop with the filler classes. When I was studying medicine I had to take comparative religion, art classes, sociology and other assorted nonsense. There should be a method to eliminate all the fillers and just offer targeted studies for the task at hand. Most undergrad stuff can be done online and for free on a national level if we just allocate modest funds. And the nice thing? You can be taught by world experts instead of some hack at a local community college. Have colleges teach things you cannot learn online.
And trim the fat at Universities. 90 percent of employees at Universities never teach a single student.
Fair enough.
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That will only lower most families into the next lower tax bracket maybe saving them 5K on their taxes.
The cost isn’t due to the hours of education it’s due to schools sucking up hundreds of billions every year from the taxpayers to build more buildings and pay higher salaries.
In reality, farmers earn their subsidies and bailouts from the central government by influencing votes. There is nothing inherent to the profession, nor is there a mechanism that generates their handouts without leveraging that influence.
Of course their is and you see it every time you look at a meal or walk through the grocery store.