Williamsburg, VA (May 8, 2018) - On May 8, the Institute for Liberty joined with 8 other conservative organizations in signing a letter voicing concerns over the Sugar Modernization Act. As IFL President Andrew Langer said in an op-ed in Townhall earlier this week:
"80% of nations work to undercut US sugar producer prices by flooding the market with subsidized sugar. The goal is clear—to so undercut American sugar producers so that these producers cannot compete, and thus drive them out of the marketplace.
"Rational policy reformers, like Rep. Ted Yoho (R-FL) have recognized this. The free market can and does work, but the market has to be truly free, and it makes no sense to “disarm” our sugar policy until other nations have done so as well. This is why Rep. Yoho and others have proposed (and supported) a “Zero for Zero” plan which calls for the US to eliminate our own sugar industry supports when other nations have done so as well."
The full text of the letter can be found below: