Whether provided through the tax code or via explicit expenditures, they are subsidies and they increase deficits, distort markets, and cause suboptimal allocation of resources.
Another major problem is that ethanol has reduced energy content which results in reduced gas mileage. So, we get to pay multiple times. Once as taxpayers with the subsidies and then again at the pump as we have to fill up more often.
It is hard to think of a worse deal than ethanol, unless it is wind and solar.
I guess if they can't get enough people to buy into the E85 stuff (not just consumers, but the entire fuel distribution and sales business), they'll try to increase the alcohol content in *all* gasoline, so the distributors can't avoid it.
Never mind that with each increase in the fuel''s ethanol content, those lofty CAFE goals slip further out of reach.
Actually Republican "loopholes" are generally tax credits that allow an industry (or company) to keep more of what they have earned by their own efforts. A dimocrat business incentive is generally money given directly out of the tax payer's vault that ends up in the pockets of dimocrat cronies with no strings attached.
:: A Dear Colleague letter from Rep. John Sullivan (R) and Rep. Gary Peters (R) ::
Ooooops! Gary Peters is D-MI(9).
“Complicit Media” needs to be “Fixed”, but alas, it’s a free country and the 1% can have TV shows....but we don’t have to watch, and “they” don’t have to have ratings that justify expensive advertising.
Please freepmail me if you wish to be added or dropped from the mitten ping.