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
- Franklin Pierce wins NCAA baseball regional - 1
- College Baseball: Ravens outlast Penmen in 13 to survive another day - 0
- NCAA Baseball: Penmen win again - 0
- College Baseball: Mathieu, FPU cruise in NCAAs - 0
- College Roundup: SNHU rolls in NCAA opener - 0
- College Baseball: DWC stays alive in NCAAs - 0
- Penmen set sights on return to NCAA Div. II World Series - 0
- Daniel Webster nine loses NCAA test - 0
- NH College Roundup: DWC baseball team begins NCAAs today - 0
READER COMMENTS: 0
- Gambling bill scuttled, 'Now it is going to be really tough' for budget - 0
- NHIAA Roundup: BG girls’ tennis team sweeps Pinkerton - 0
- NHIAA box scores, summaries for May 22 - 0
- Officials say Goffstown High ‘safe’ after threat of violence - 0
- Manchester Community College graduates told ‘speak your minds’ - 0
- Portsmouth manhunt suspect turns himself in to police - 0
- Nurse said Exeter Hospital is making her a ‘scapegoat’ in hepatitis case - 0
- Derry council defends officials' purchases - 0
- Nashua librarian reports E-books flying off virtual shelves - 0
Buchholz moves to 7-0 as Red Sox post win
NHIAA box scores, summaries for May 22
New Hampshire Club News
Derry council defends officials' purchases
Consider Nevada: Gambling always expands