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: 2
- Peterborough's renovated Adams Pool to open in June - 0
- Supreme Court says Manchester man who lost towed car while hospitalized can sue - 4
- Powerball jackpot: Another chance at the (your) golden ticket - 1
- Endowment established for Milford support organization Bridges - 0
- Flags to fly at half-staff Wednesday and Friday - 0
- NH Lottery games debut Mother's Day - 0
- Marathon bomber's body entombed in undisclosed location - 1
- Powerball jackpot grows to $270 million for Saturday - 0
- NH Preservation Alliance honors 10 for protecting historic treasures - 0
READER COMMENTS: 0
- Berlin man dies while kayaking - 0
- Stonyfield founder tells FPU grads to ask, 'Why not?' - 0
- Tiny Thomas More College class urged to be courageous - 0
- NH Military People: NH woman graduates from Air Force training - 0
- Lebanon College graduates 19 - 0
- Oxbow captures Preakness Stakes - 0
- Plymouth State speaker tells grads to 'Become agents of change' - 0
- Former FBI head tells St. Anselm graduates it is important to give back - 1
- UNH commencement speaker tells graduates: Don't worry about mistakes, learn from them - 2
Lawyer says Northern Pass in 'a corner'
Hooksett Police Commission walks away
Mass. men arrested on drugs, weapons charges
NH vote nears on expansion of Medicaid
Nashua school parking surprise