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Toomey and his ilk do us a disservice by insisting that reductions of tax expenditures are “tax increases” and thus objectionable unless fully offset with lower tax rates.

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.

1 posted on 12/07/2011 6:17:45 AM PST by IbJensen
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To: IbJensen
E15 not only threatens to harm vehicles but also boats, snowmobiles, and small engine equipment such as lawnmowers and snow blowers. E15 has also demonstrated harmful effects on the environment.

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.

2 posted on 12/07/2011 6:50:01 AM PST by Charles Martel (Endeavor to persevere...)
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To: IbJensen
I’ve said before that when the Democrats propose a tax credit it’s called a “business incentive” and when a Republican proposes a tax credit it’s called a “loophole.”

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.

3 posted on 12/07/2011 6:55:43 AM PST by farmguy
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To: IbJensen; cripplecreek; grellis

:: A “Dear Colleague” letter from Rep. John Sullivan (R) and Rep. Gary Peters (R) ::

Ooooops! Gary Peters is D-MI(9).


4 posted on 12/07/2011 6:56:56 AM PST by Cletus.D.Yokel (Catastrophic Anthropogenic Climate Alterations - The acronym explains the science.)
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To: IbJensen

“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.

Click..........(change channels)


9 posted on 12/07/2011 7:53:54 AM PST by 4Speed
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To: Springman; sergeantdave; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; ...
MICHIGAN PING LIST

Please freepmail me if you wish to be added or dropped from the mitten ping.

11 posted on 12/07/2011 12:15:42 PM PST by grellis (I am Jill's overwhelming sense of disgust.)
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