ScoobyDoo
NPC
Re: The scam of corn ethonal
I love this idea.
http://www.startribune.com/opinion/otherviews/123952734.html
I love this idea.
http://www.startribune.com/opinion/otherviews/123952734.html
Americans support corn ethanol through a variety of state and federal mandates, as well as with a 45-cent-per-gallon tax credit.
The U.S. Government Accountability Office recently noted that this tax credit is redundant. Eliminating it would save taxpayers nearly $6 billion per year but not reduce the amount of ethanol produced.
Yet this week the U.S. Senate voted down a bill to end the credit, and last month it voted down a bill to end subsidies to the petroleum industry that would have saved another $4 billion a year.
Now imagine that, instead of giving these tax credits to the ethanol and petroleum industries, we used these funds to accelerate the adoption of more fuel-efficient vehicles.
If we were to give an average credit of $1,000 and achieve an average gain of 3 mpg above current standards for all vehicles purchased this year, we would save more fuel than all the ethanol we produce.