Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsForexCryptocurrenciesCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

60 Plus Association : Congress Urged to Keep Lid on Food Prices

share with twitter share with LinkedIn share with facebook
share via e-mail
10/31/2017 | 04:18pm EST

House Bill Would Help Fixed-Income Seniors Through Stabilized Food Prices

ALEXANDRIA, VIRGINIA (October 31, 2017) - 60 Plus Founder and Chairman James Martin Wednesday issued the following statement in support of lower, more stable food prices for senior citizens.

'Nothing scares seniors on a fixed-income like rising food prices. Older Americans can make tradeoffs on almost anything but the grocery store is one place where the only solution is to eat less. That's why keeping food prices low is so important.

'We salute Rep. Ted Yoho (R-FL) for his efforts to provide stability to food prices with his Zero for Zero proposal, now being reviewed in Congress. Starting by ending taxpayer subsidies for sugar, Rep. Yoho's bill takes a big step toward bringing balance to the global market for this necessary staple food. It also provides a model for keeping other critical commodity prices in check.

'When the price of sugar and other commodities rise, so do the prices of hundreds of grocery items. Checking out at the grocery store can become a frightening thing for low-income seniors and those on fixed incomes when food prices begin to creep up and Rep. Yoho's bill can help prevent that from happening.

'By working with our global trade partners to remove all subsidies, the Zero for Zero bill keeps prices in check by stabilizing the market. That's good news for all Americans but it's particularly important to low-income families, including seniors. Stable prices will also help preserve jobs in rural areas where sustainable employment is so critically important, particularly for family farms.

'By supporting Rep. Yoho's bill, Congress supports low-income and fixed-income families across the nation.'

60 Plus Association Inc. published this content on 31 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 October 2017 21:17:02 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Forex"
05:16aNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
05:07aHSBC sets new cost cutting, earnings targets after 2019 profit falls 33%
RE
04:59aIndonesia central bank may cut key rate as coronavirus hits economy - Reuters poll
RE
04:56aChina to accept tariff exemption requests on 696 U.S. goods from Mar.2
RE
04:47aSOUTHEAST ASIA STOCKS : Most down as Apple's warning rattles sentiment; Indonesia up
RE
04:45aOil prices fall as market weighs coronavirus demand impact
RE
04:32aOil prices fall as market weighs coronavirus demand impact
RE
04:16aJEFF BEZOS : Top Company News of the Day
DJ
04:16aNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
04:15aApple warns sales to fall short of target due to coronavirus impact
RE
Latest news "Forex"