Home » Opinion » Editorials
Shaheen vs. sugar: The senator's good fight
Last Thursday, on Valentine's Day, Shaheen introduced a new version of her bill, written with Sens. Mark Kirk, R-Il, and Pat Toomey, R-Pa., to reduce federal price supports for U.S. sugar producers. In the past, Shaheen has tried to end the price supports entirely. This bill does not go that far, unfortunately, but it probably has a better chance of passing because of that.
The federal government has developed a crazy system of regulations and subsidies that artificially inflate the price of sugar sold in the United States. In the 30 years from 1982 to 2012, the average price of sugar in the USA was more than twice the world price (29.1 cents vs. 14.4 cents per pound), University of Michigan economist Mark Perry noted in an analysis for the American Enterprise institute last week.
Last year alone, the price supports cost U.S. consumers $3 billion.
The protections supposedly save jobs in the sugar industry. But a 2006 U.S. Commerce Department study concluded that "(f)or each one sugar growing and harvesting job saved through high U.S. sugar prices, nearly three confectionery manufacturing jobs are lost."
That is, to protect a handful of major sugar producers, the government hurts candy makers like Lindt in Stratham, as well as every U.S. consumer who buys anything containing sugar.
Shaheen has taken the lead in the Senate in fighting these subsidies.
Though she continues to support other wasteful subsidy programs, such as those for "green energy," she deserves credit for coming to the aid of Lindt and American consumers by going after the unjustifiable sugar price supports.
READER COMMENTS: 0
- Taken for a ride: Hooksett’s Pinkerton deal - 3
- Bedford’s road bond: A good deal for a big fix - 1
- Legislative ethics: NH way works better than most - 0
- Blue shame: Obamacare's big change - 18
- Obamacare's new trick: Only temporary relief - 21
- Banning cell phones: Impulse shopping in the House - 10
- Bad Joe: Levasseur stalls again - 2
- Good Joe: Kenney for Executive Council - 1
- Insurance exchange: NH Dems, GOP switch sides - 2
READER COMMENTS: 0
- Manchester man who defrauded banks in mortgage foreclosure scheme gets 6 years - 0
- March storm brings accumulation mystery, maybe misery - 0
- Manchester’s Slebodnick stars in Cornell’s title win - 0
- NHIAA Girls’ Div. I final four offers intriguing matchups - 0
- Goffstown voters have lots to consider with schools - 0
- With snow budget depleted, Nashua dips into trust fund - 0
- Manchester CrimeWatch: Graffiti charge keeps teen’s bail from changing - 0
- Police union contract a top concern for Bedford voters - 0
- Proposed school budget creates stir in Allenstown - 0
Taken for a ride: Hooksett’s Pinkerton deal
Manchester schools project budget surplus
Dover man found not guilty of sex assault but convicted of drugging three women in Portsmouth