ethanol subsidies

Just days ago, we reported that the United States Senate rejected an amendment that would have put an end to the the $6 billion in tax breaks and subsidies for producers of corn-based ethanol. Now, we're here to convey the message that the Senate actually approved the amendment. Was our initial ...

Earlier today, the United States Senate rejected an amendment that would have put an end to the $6 billion in tax breaks and subsidies for producers of corn-based ethanol. Introduced by Senator Tom Coburn (R-Oklahoma), the amendment was unable to martial the 60 votes needed to end debate in the ...

Refiners and blenders pocket 45 cents for every gallon of ethanol blended with gasoline. The subsidy, courtesy of the U.S. government, helps the industry stay afloat amidst the dwindling demand for gasoline and increasing costs of ethanol production. It's been argued that, without the subsidy, ...