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Jun 1, 2012

U.S. Federal sugar program costs U.S. consumers roughly $3.5 billion a year

Bitter about paying artificially high prices for the non-artificial sweetener everyone uses just so a politically connected family can enjoy the sweet life? It's time lawmakers put a lid on the honey pot. An Iowa State University study has found that the federal sugar program costs U.S. consumers roughly $3.5 billion a year and deprives the workforce of 20,000 jobs. This New Deal-era framework of barriers on sugar imports and of price supports for domestic sugar is a racket that benefits only a few, in particular the Fanjul family of Florida.