Yes, it does. Plus, there are all kinds of consequences involved not addressed. First, ethanol is the oxygenate component of gasoline that replaced the banned carcinogen MTBE which reduces air pollution. Also, the absence of the tax credit effectively kills the program just as it is making major progress. The program was designed to stimulate the building of the ethanol plants, now providing 10% of our fuel, which are scheduled to switch over to using cellulose instead of corn for the feedstock. Great progress in cellulosic ethanol has been made and cellulosic ethanol plants are now coming on line. I figure someone does not want our fuel supply coming from corn stover, waste cellulose, and switchgrass, so they are going to kill a program that would have worked just fine.
A lot of hype in the cellulosic ethanol show. The science falls drastically short of the dog and pony show. This is a huge scam being foisted on the taxpayer.