Posted by JDseller on November 28, 2011 at 20:48:01 from (208.126.196.144):
In Reply to: Ethanol posted by John in La on November 28, 2011 at 19:33:08:
IA GARY You are incorrect!!!! Ethanol has been subsidized since 1978. They just changed it to a blender tax credit rather than the excise tax exemption in 2004. The following is on the link posted below.
Ethanol has been produced for fuel in the United States for at least 26 years. The industry launch was initiated by a subsidy of 40 cents per gallon provided in the Energy Policy Act of 1978. Between 1978 and today, the ethanol subsidy has ranged between 40 and 60 cents per gallon. The history of subsidy changes is provided in Table 1." -Purdue University
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