PROTECTING SMALL BUSINESS, PROMOTING ENTREPRENEURSHIP

Kerrigan in Real Clear Policy: Sugar Subsidies are Killing Small Business

By at 30 April, 2018, 9:32 am

In an April 30 Real Clear Policy Op-ed, SBE Council president & CEO Karen Kerrigan reviews the damaging effects of the 80-year old federal sugar program – especially for America’s small businesses. As she notes in the piece:

First enacted more than 80 years ago, the sugar subsidy program was originally intended to help small sugar growers. It has since morphed into a tangled program of taxpayer-backed loans, government mandates, and arbitrary import restrictions. Even worse, this program — which is a hidden tax on manufacturers, food entrepreneurs, and consumers to the tune of $2.4–$4 billion a year — benefits only a handful of wealthy sugar processors. The cost of this program is borne by small food manufacturers, bakers, chocolate makers, and other small businesses that use sugar as an ingredient in their products. Due to these subsidies, U.S. sugar prices are twice as high as the rest of the world.

She writes that Congress has the opportunity to reform this atrocity in the Farm Bill, which SBE Council is currently working to do.

Read the Op-ed in its entirety here.

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