U.S. sugar policies have doubled the price of sugar to Americans over world sugar prices, according to Mark J. Perry. He continues, "By preventing American households and sugar-using companies from buying imported sugar at the world price, America's trade policies imposed an unnecessary $4 billion burden on the American consumer according to my January study."
There's a small group of Representatives who would like to see reform. And they sent a letter signed by 22 house members to the Speaker, Majority Leader and Minority Leader asking for a robust debate about sugar policy during consideration of the 2012 farm bill.
Unfortunately, Texas District 11 Representative Mike Conaway's name isn't among those signing. However, Mr. Conaway's name does appear on another list: Recipients of donations from American Crystal Sugar.
Mr. Conaway, according to MyWestTexas.com, conducted an unannounced meeting in Midland recently. Excerpt:
"The federal government does not grow the economy," he said, adding that the government should cut back on regulations to improve confidence in the private sector.
Technically, propping up an industry with import tariffs might be distinguishable from regulations. But wouldn't it be refreshing if those Representatives who took sugar money gave it back and voted to get the government out of the private sector? The sugar industry should be allowed to sink or swim it on its own.