DG
2008-05-31 08:25:44
I get very tired of people harping on the ethanol and biodiesel subsidies. For example, in 2006 the ethanol subsidy cost $7billion. Why does noone ever compare this to the huge oil and gas tax deductions which depending on whose numbers you cost a multiple of 2-5 times this? Also the Strategic Petroleum Reserve which is necessary due to our dependence on imports costs over $1 billion a year to maintain. Then there are all of the indirects in government sponsored research, state and local etc all of which push these numbers toward $100 billion.
I am for ending all subsidies and letting the markets (us) sort out the best answer. But when you do make sure you end ALL of them.
