Eliminating or reducing ethanol subsidies and trade barriers will help decrease the federal budget deficit, benefit the environment, and lessen our reliance on imported oil. Historically our government has helped a product compete in one of three ways: subsidize it, protect it from competition, or require its use (emphasis mine). Ethanol may be the only product receiving all three forms of support from the U.S. government at this time.Of course, he's not running for reelection, so he can afford to be honest.
Wednesday, March 30, 2011
SEN. JIM WEBB (D-VA): How to save taxpayers $6 billion a year (excerpted from a constituent email) by repealing the corn ethanol subsidy.
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