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To: TFMcGuire
You're mistaken. There is no federal subsidy to the manufacture of ethanol. There is a tax credit, but this credit is taken by oil companies against the tax which is otherwise payable on motor fuels at the "rack" or wholesale level.

Distilling capacity in this country is expanding by leaps and bounds right now - because ethanol distillation is so profitable.

150 posted on 04/28/2006 7:38:46 AM PDT by Mr. Lucky
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To: Mr. Lucky
There is no federal subsidy to the manufacture of ethanol. There is a tax credit

Don't waste your time. Some people can redefine words to suit their agenda. Then, if you dare to call them on it, some of them will claim you're the one who's as bad as Bill Clinton redefining 'is'.

160 posted on 04/28/2006 12:52:34 PM PDT by newgeezer (Just my opinion, of course. Your mileage may vary.)
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