If they can make any bio-fuel cheaper than regular fuel then good for them, if not I don’t want my tax money being wasted on it.
I may be able to compromise if a there is reasonable % limit on how much is subsidized.
Something like a set-in-stone limit of 10% subsidy. So the governement will only subsidise 10% over maket value per quarter based on previous quarter.
So if regular gas is $2.00 a gallon the government would only subsidize ethanol 20 cents per gallon and no more.
If regular gas went down to $1.50, then the government would only pay a 15 cent subsidy on the ethanol.
I would rather not have a subsidy int he first place, maybe the next step we need to take is to limit subsidies and then work to end them. Use incrementalism for our own darn goals for once.
Actually, basic research into that kind of technology would be a damned good use of tax money. There's a huge national security payoff, just for starters.