Ethanol subsidies, once considered a sacred cow, are facing the possibility of being axed from the budget. The Senate cast a deciding vote, 73-27 in repealing the 45 cent per gallon subsidy to refiners for blending gasoline with ethanol, and the 54 cent per gallon tariff on imported ethanol.
Posts tagged with: Volumetric Ethanol Excise Tax Credit
With rising gas and food prices, ethanol subsidies are getting strict scrutiny. Many have called for the end of ethanol subsidies, and now the Senate is acting. Senators Tom Coburn and Dianne Feinstein introduced legislation that would end ethanol subsidies and repeal the tariff that is placed on foreign ethanol.
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