WashPost Editorial Pushes for End to Ethanol Subsidies

Wednesday, 06 Jul 2011 06:07 PM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Billions in subsidies continue to flow to ethanol production, despite attempts to end them — and even though ethanol doesn’t help the environment, contributes to soil depletion, and dirties water. But it’s time for the subsidies to end, The Washington Post concludes in an editorial.

“Last month, the Senate voted 73-27 for an amendment that would have immediately cut two indefensible federal ethanol subsidies. But the bill lawmakers attached it to failed,” the Post editorial says. “Now supporters of the policy are trying to pass it some other way, affixed to another bill or as part of the deal the White House and Republicans will eventually strike [we trust] on raising the federal debt limit. Either way, the supports must go.”

Congress protected ethanol with a “$6 billion-a-year tax subsidy to those who blend it into gasoline, a tariff on competing imports and a mandate that billions of gallons enter Americans’ fuel tanks every year, which come on top of three decades of federal patronage of the industry,” the Post notes.

“And for what? Ethanol, which comes almost entirely from corn, doesn’t help the environment much, even as its government-sponsored use puts upward pressure on the price of corn and rural land,” the editorial states.

Regardless, ethanol is not dead. Some conservatives don’t want to repeal the fuel’s tax subsidies because they could be viewed as tax increases, and the White House says it would like to see “new approaches” to promoting biofuels, the Post editorial says.

Sen. Dianne Feinstein, D-Calif., one of the sponsors of the anti-ethanol amendment, is negotiating with two ethanol backers Sens. Amy Klobuchar, D-Minn., and John Thune, R-S.D.

“Ms. Feinstein shouldn’t have to negotiate at all. Saving money by slashing ethanol supports should be among the most obvious items in any debt deal. President Obama and the House of Representatives should join the Senate in good sense,” the Post wrote.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

AMC Networks Buys Half of BBC America to Bolster Pay-TV

Friday, 24 Oct 2014 10:27 AM

AMC Networks Inc., the cable-TV home of "The Walking Dead," acquired a 49.9 percent stake in BBC America for $200 millio . . .

NYC Races to Trace Ebola Patient's Steps

Friday, 24 Oct 2014 08:05 AM

New York City health officials are racing to trace people who may have had contact with Ebola patient Dr. Craig Spencer, . . .

Women Start Tuning Out NFL for Abuse-Case Mistakes

Friday, 24 Oct 2014 07:04 AM

Some women are starting to tune out the National Football League as it deals with the fallout from its mishandling of do . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved