Political Quotes

On the recordJune 20, 2013
The second argument is that we are all of a sudden going to have cheaper sugar if we adopt this amendment. What bothers me the most about this argument is that it was made when sugar prices were 55 percent higher, and it is made just the same when prices are in the tank. How cheap is cheap enough for those who are backing this amendment? They claim that consumers are being bilked by the high price of sugar, but have any of our colleagues noticed a drop in the price of candy bars as manufacturers faithfully pass along to consumers the savings from a 55 percent drop in sugar prices? Of course not. Sugar policy has operated at zero cost to the taxpayers for 10 years now. Our farmers are efficient and competitive. Consumers in this country enjoy cheaper sugar than anywhere else in the world, and sugar users enjoy a reliable source of safe sugar. Candy makers are reporting strong profits as sugar farmers and processors struggle. Neither today's climate nor the climate of 55 percent higher prices was caused by sugar policy. It was caused by conditions in a distorted market. All sugar policy does is provide a low-level safety net so farmers can repay their loan principal plus interest and farm another day. I urge my colleagues to reject the amendment.
Said by
Frank Lucas
Republican · Oklahoma
Source
govinfo.gov
Jun 20, 2013

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