A Tale of Two Subsidies

By: Steve Maley (Diary)  |  April 14th at 05:30 AM  | 

In the 1980s, Congress, searching for domestic energy supplies, created incentives in the form of production tax credits for ethanol and for unconventional natural gas. The history of those two programs, and the current state of affairs in the energy world, speaks volumes about the relative merits of these two fuels.   Tax-paying capitalists find tax credits highly motivating. Whereas deductions reduce your taxable income, | Read More »