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To: henkster

>>>Can anyone explain how cutting a subsidy is a tax increase?

Congress has provided the motor fuel industry with a tax incentive for blending ethanol with gasoline in the form of 45 cents per gallon of ethanol tax credit known as the Volumetric Ethanol Excise Tax Credit.


15 posted on 06/15/2011 10:13:12 AM PDT by NC28203
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To: NC28203

I don’t view the termination of a selective subsidy to be a tax increase. Maybe for those affected, it is. But not to the taxpaying public at large. To me it’s just a return to the normal status quo where they are now being taxed just the same as everyone else.


17 posted on 06/15/2011 11:02:49 AM PDT by henkster (Every member of Congress must put the fate of the nation over their next re-election campaign)
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