Tag Archives : US Congressional Budget Office
U.S. Corn Ethanol Industry: Spoiled New Kid on the Block
Posted by GSerrano on July 2, 2009 · 2 Comments
The US biofuels industry is expensive. Making corn fuel is costly. The industry currently enjoys a ‘45 cent tax credit for every gallon of ethanol produced.’ That’s $3 billion in tax credits in a year.
Import tariffs on sugar-based ethanol from Brazil and the Caribbean, logically higher so as to eliminate competition for the domestically manufactured [...]
Filed in: Energy, Environment
