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Default Ethanol subsidies and tariffs end

"Lost in the hustle and bustle of the holiday season, Congress has quietly
ended subsidies on ethanol fuel as well as ending a special import tariff on
Brazilian ethanol. The ethanol subsidy paid fuel blenders 45 cents per
gallon to make E10, gasoline blended with 10% ethanol. The tariff added 54
cents to the cost of importing a gallon of ethanol from Brazil. The ethanol
subsidy currently costs US taxpayers about $6 billion per year. Over the
past 30 years, the program has cost $45 billion. By taking no action on the
subsidy before adjourning for the end of the year, Congress effectively
killed the program."

Read mo
http://pjmedia.com/lifestyle/2011/12...d-ethanol-end/


 
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