Ethanol subsidies: Down but not out

posted by
January 30, 2012
Competitive Enterprise Institute
by Marlo Lewis, Jr.  
Posted in Commentary

"At the end of last year’s legislative session, Congress let two of corn ethanol’s market-rigging policy gimmicks -- the 45-cents-per-gallon tax credit (VEETC) and the 54-cents-per-gallon ethanol import tariff -- tumble into history’s dustbin. This was good news for taxpayers and consumers. The VEETC added $5-6 billion annually to the federal deficit and the tariff propped up domestic ethanol prices by blocking competition from Brazilian sugarcane ethanol." (01/26/12)  

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