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Thu Jul 19, 2012, 02:18 PM

Eric Hovde’s Tobacco Road: Subsidies For Me, But Not For Thee


News is breaking that a company owned by multimillionaire Republican Senate candidate Eric Hovde was the recipient of thousands of dollars in federal government subsidies intended to benefit Wisconsin tobacco farmers.

Hovde, a hedge fund manager who spent the last two decades in Washington D.C., is running as a fiscal conservative, opposed to tax loopholes and government subsidies.

Online federal records indicate that between 2010-2012, Hovde’s real estate and development company was the recipient of $7,989 in federal subsidies under the Tobacco Transition Payment Program [1], a program Hovde previously stated was, “just another thing that I would try to kill." [2]

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