Political Quotes

Ed Royce: “I support this amendment to keep the subsidies for sugar from increasing in this bill. The inflation of sugar prices…”

On the recordJuly 27, 2007
I support this amendment to keep the subsidies for sugar from increasing in this bill. The inflation of sugar prices that our misguided sugar policy drives costs U.S. families a total of almost $2 billion every year. Every time you buy chocolate or breakfast cereal or any product that contains sugar, you pay a premium, and these subsidies inflate the price of sugar for Americans to twice the world price. The subsidies are driving businesses out of the country. A GAO study confirms that 42 percent of these subsidies, by the way, go to just 1 percent. So I urge my colleagues to put an end to these harmful handouts.
Said by
Ed Royce
Republican · California
Source
govinfo.gov

Editor's note · Context

Discussing the impact of sugar subsidies on U.S. families and businesses.

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