On the recordMay 18, 1999
The sugar program's sole purpose is to prop up the price of sugar in the United States through a complex system of low-interest, nonrecourse loans and tight import restrictions.
Source
congress.govThe sugar program's sole purpose is to prop up the price of sugar in the United States through a complex system of low-interest, nonrecourse loans and tight import restrictions.
Explanation of the purpose of the sugar program.
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This legislation is good for consumers, good for the environment, good for American workers, and good for the economy.
As a result, the sugar program imposes a 'sugar tax' on consumers, forcing them to pay more than $1 billion in higher prices for food and sugar every year.
The sugar program is an archaic, unnecessary government handout to corporate sugar producers at the expense of consumers, workers, and the environment.
The Sugar Program Reform Act will do what the 1996 farm bill failed to accomplish.