WashPost Editorial Pushes for End to Ethanol Subsidies

Wednesday, 06 Jul 2011 06:07 PM

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  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:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Peter King, Press Corps Irked Over White House Boston Observance

Tuesday, 15 Apr 2014 22:16 PM

The White House press corps was unhappy that it was not allowed access to a moment of silence for Boston Marathon victim . . .

Arizona State Rep: 'Can't Recognize My Country' in Rancher Dispute

Tuesday, 15 Apr 2014 18:47 PM

Nevada rancher Cliven Bundy may have been partly to blame for his standoff with federal authorities, but the government' . . .

Bill Allows Snap Inspections of Arizona Abortion Clinics

Tuesday, 15 Apr 2014 20:58 PM

Arizona Governor Jan Brewer on Tuesday signed into a law a bill allowing state health authorities to conduct surprise in . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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