The government's ethanol mandates embody everything that is wrong with Democrats, RINOs, and Marxists. It is an unconstitutional regulation that has enriched a few special interests with $7.7 billion taxpayer dollars, regressively drove up the cost of food and fuel; and by extension all products and services that rely on fuel based delivery. The tax credits for energy producers who blend fuel with ethanol have created so many unintended (or intended by some) negative consequences that even Al Gore is calling for its repeal. The tax credits are slated to expire in one month and yet, we have not heard much from the newly elected Republican majority in the House. Is your Republican Congressman more conservative than Al Gore?
According to analysts at Goldman Sachs, the ethanol industry consumes 41% of the domestic corn crop. Corn is at the top of the food chain, so by creating an artificial shortage in supply of corn, the feds have caused a spike in the cost of meat and chicken as well. In addition, it costs much more to produce a barrel of ethanol than it does a barrel of oil. Also, aside for providing corporate welfare to domestic ethanol producers, the government slapped high tariffs on imported ethanol. This prevents us from importing cheaper, more efficient sugar based ethanol from Brazil. All of this leads to higher prices for home heating and gasoline for cars. The costs for trucks are even more devastating, as most domestic products that are transported by trucks are now more expensive for consumers.
Every Republican needs to make this a top priority. Energy is the lifeblood of our economy, while fuel and food represent the basic needs of the low income Americans whom the liberals purport to defend. This is a perfect opportunity for us to push a prudent policy that will "stimulate" the economy, save taxpayer dollars, put corrupt lobbyists on the defense, and make political hay from it as the same time. However, does anyone believe that Fred Upton would support repeal of ethanol if he were to become Chairman of the Energy and Commerce Committee? Call your congressman and tell him/her to vote to repeal the Volumetric Ethanol Excise Tax Credit.
Cross-posted to Red Meat Conservative