"This fall, we will almost surely be told by the Bush Administration that Eximbank and Commodity Credit Corporation loan guarantees are needed for U.S. firms and banks to compete with our allies in the Soviet market, " noted Roger W. Robinson, Jr.
" It cuts cotton subsidies and "proposes to eliminate the requirement for the government to pay the storage costs of cotton that is put under loan by the USDA. Cotton is the only commodity for which this assistance is provided.