McNary-Haugen bill

…his party, Smith supported the McNary-Haugen farm bill, which proposed grain subsidies in order to raise prices. The bill had twice failed to pass under Coolidge, in part due to Hoover’s opposition to it in his capacity as secretary of commerce. He had preferred a program of modernization efforts and…

Twice Congress passed the McNary-Haugen bill, calling for the federal government to purchase surplus crops. Twice (1927 and 1928) Coolidge vetoed it, and the economic woes of American farmers persisted well into the following decade. Coolidge also vetoed a bill offering a bonus to veterans of World War I;…