On the recordFebruary 14, 2012
Mr. President, I know this comes as no surprise to you, but today is Valentine's Day. Today millions of Americans are buying flowers and candy for their loved ones to celebrate Valentine's Day. This is an important day for American businesses, especially candy manufacturers. Consumers will purchase over 36 million heart-shaped boxes of chocolates for Valentine's Day. Unfortunately, the price American candy manufacturers must pay for this sugar leaves a very bitter taste in their mouths. Why, you ask. Well, because these companies face artificially high prices for sugar, about twice the world average. That is because there is an outdated and unnecessary government program that keeps sugar prices significantly higher than they should be. It is programs such as these sugar subsidies that reflect people's frustration with what is going on here in Washington because the sugar program, like too many other subsidies, protects special interests at the expense of regular businesses and consumers. That is why I joined with Senator Mark Kirk on Valentine's Day last year to encourage our colleagues to join us in supporting our bipartisan SUGAR Act. The SUGAR Act would phase out the U.S. sugar program, which costs businesses and consumers about $4 billion a year. This is a big concern for us in New Hampshire as we are the American home of Lindt chocolate as well as a number of other smaller candy companies that use a lot of sugar.…





