If people want to eat meat, they should be taxed according to the true social and environmental impact of the agricultural infrastructure needed to produce their meals, argues Charles Kenny. Instead of subsidizing farmers, we should be taxing consumers more heavily to reflect the true cost of meat. "Let's smash that pork barrel and put in place a per-pound meat tax instead, perhaps weighted by the environmental and health footprint of the particular kind of meat and production techniques," Kenny writes.
The combined pension deficit of companies in the Standard & Poor's 1,500 index fell to $372 billion in March, according to Mercer. The total marks a $185 billion drop from a record $557 billion at year-end. Stock market gains last month contributed heavily to the improvement.
Changing attitudes on Capitol Hill could eventually lead to the removal of quotas and price supports that guarantee the U.S. sugar industry fixed per-pound prices if market prices fail to rise. The sugar industry opposes allowing more sugar imports and argues sugar users supporting the legislative change are only looking out for their own best interests.