Op-ed By: Leslie Paige, Vice President, Citizens Against Government Waste
Excerpt: The beneficiaries of current U.S. sugar policy are not American consumers. They unknowingly foot the bill for the program through a hidden tax on sugar-containing products — including everyday staples like bread, pasta and peanut butter — that are more expensive as a result of the high cost of sugar in the United States. This hidden tax cost American consumers and businesses roughly $3.5 billion annually between 2009 and 2012.
The beneficiaries of America’s Depression-era sugar program are not the taxpayers. In fiscal year 2013, the U.S. Department of Agriculture paid nearly $300 million when it was forced to take actions mandated by the program to guarantee price levels and bail out sugar producers. The Congressional Budget Office estimates that U.S. sugar policy will cost taxpayers an additional $115 million over the next 10 years.
The only beneficiaries from the U.S. sugar program are a small, special interest group of sugar producers.
Read the full piece here.