Quantcast

Beware the Halloween Candy Tax

(National Taxpayers Union Foundation) Although the pandemic is complicating Americans’ Halloween plans, many families will continue to share candy to celebrate the day. In spite of the pandemic, one thing hasn’t changed: Americans will continue to pay a hidden tax for the Halloween candy we buy. 

The main ingredient in candy is, of course, sugar. Americans pay more than twice the world price for sugar as a result of the federal government’s sugar program. 

The costly sugar program not only increases prices, it forces some U.S. manufacturers to relocate abroad in order to buy affordable sugar, and it encourages foreign countries to restrict American agricultural exports. 

According to Kirk Vashaw, CEO of Ohio-based Spangler Candy, which makes products including Dum Dums and candy canes, “If we could just buy sugar at the price the rest of the world pays for sugar, we could move the 250 jobs we have in Mexico to Ohio. This is basically government price fixing of the sugar market.”

The sugar program can be thought of as an “OPEC for sugar,” only instead of paying inflated prices for oil as a result of a foreign cartel, Americans pay inflated prices for sugar as a result of domestic policies. 

Sugar producers have gone to great lengths to secure special treatment from the federal government. Sugar accounts for 1.4 percent of the value of U.S. crops, but in 2019, sugar producers funded half of all crop-related lobbying. For the current election cycle, political action committee (PAC) spending by sugar producers exceeds PAC spending for all other crops combined. 

Sugar producers have every right to lobby Congress and donate to candidates. But this Halloween Americans should be concerned, if not scared, about a federal government that is willing and able to impose a hidden tax on the rest of us in order to benefit a relative handful of politically connected sugar producers.

[Source]

TRENDING NOW

NYPD: Over 65% of Robberies and 72% of Shootings Committed by Blacks

(Steve Sailer, UNZ Review) The NYPD has released its 2020 crime stats report showing victims, suspects, and arrestees by race.

CVS, Walgreens to Give Out Shots in More States

(Associated Press) CVS and Walgreens drugstores will start doling out COVID-19 vaccinations in more states on Thursday. The drugstore...

Companies that Tout Racial Justice at Home Have a Slavery Problem Abroad

(Chicago Thinker) Throughout 2020, countless companies issued statements on racial inequality in the United States. However, many of these same companies are...

Why Is Bill Gates Buying Up Farms?

(Economic Policy Journal) Bill Gates is out with a new book, How to Avoid a Climate Disaster: The Solutions We Have and the...

Red Hot Housing Market: New Home Sales Jump 4.3%

(Associated Press) Demand for new homes in the U.S. surged 4.3% in January with the housing market still one of the strongest...