Monday, April 1, 2013

Want some Government Cuts? How about Agriculture Subsidies?

Joe Dutra has defied the trend of American confectioners and candy makers who've moved abroad to escape the U.S. government's regime of sugar subsidies. 
After moving his Kimmie Candy Company back to the United States from South Korea, he's now operating a $4 million-$5 million business in Reno, Nev. 
But, he said, "when coming back to the United States, I found out that I was paying up to 90 percent more for sugar in the last few years." 
Sugar is just one commodity whose price is hugely inflated in the United States because of what critics call an outdated system of subsidies and price supports. The subsidies take the form of direct payments to farmers that cost taxpayers billions -- as well as restrictions on imports and how much can be grown, and other regulations that raise prices.
Read the rest of the story HERE and view a related video below:



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