Denver Post’s Vincent Carroll: End tax subsidies, tariffs, and blending requirements for ethanol
I wrote last week that Kansas’ Sam Brownback is one of 13 Senators who want to continue the not-supported-by-science federal laws that do two things: place tariffs on foreign ethanol, and give tax credits to American ethanol producers.
Here is Vincent Carroll at The Denver Post on a separate coalition of 17 Senators:
As it happens, a bipartisan coalition of senators, ranging from Dianne Feinstein, D-Calif., to Jon Kyl, R-Ariz., also favors eliminating or reducing that tariff. But they would go further than Udall and eliminate the subsidy for domestic supplies as well, which is up for renewal at year’s end.
As the 17 senators explained in a letter to Senate leadership, “The data overwhelmingly demonstrate that the costs of the current ethanol subsidy and tariff far outweigh the benefits . . . ethanol tax credits cost taxpayers $1.78 for each gallon of gasoline consumption reduced, and $750 for each metric ton of carbon dioxide equivalent emissions reduced.”
Connect with Benjamin Hodge at Facebook, Twitter, LinkedIn, The Kansas Progress, and LibertyLinked. Hodge is President of the State and Local Reform Group of Kansas. He served as one of seven at-large trustees at Johnson County Community College from 2005-’09, a member of the Kansas House from 2007-’08, a delegate to the Kansas Republican Party from 2009-’10, and was founder of the Overland Park Republican Party in 2011. His public policy record is recognized by Americans for Prosperity, the Kansas Association of Broadcasters, the Kansas Press Association, the Kansas Sunshine Coalition for Open Government, the NRA, Kansans for Life, and the Foundation for Individual Rights in Education (FIRE).