How truly amazing to see Democrats and Republicans in Congress finally doing something right by allowing the $6 billion annual tax subsidy for the corn ethanol industry to expire. Also ending is the heavy tariff that was aimed at keeping cheaper and more eco-friendly sugar-cane-based Brazilian ethanol out of the country.
Congress should instead focus reasonable subsidies on encouraging the growth of emerging, renewable energy technologies, such as solar, wind power and geo-thermal heating. Those industries have great job-growth potential while helping the environment.
For more on this story, visit: The Day – Ethanol runs out of gas | News from southeastern Connecticut.