Veto threat?

Agriculture Secretary Mike Johanns raised the possibility of a veto by President Bush if the House Agriculture Committee's version of the farm bill becomes law. He stressed, however, that the process was only half done and also offered that their will be some amendments offered on the floor tomorrow that will be pushed by the White House. The White House does not like the fact that the farm bill relies on gimmick savings and may result in a tax increase for some companies, plus other objections. Some reporters questioned Johanns how the Administration would have paid for its version of the farm bill, which was reported at $5 billion over the budget baseline. Reuters coverage of veto threat is here.