Thursday, July 28, 2011

Big Corp Tax Loophole Closer #21: US Government Subsidies to Ethanol Industry

Given the huge US Deficit, coupled with so many studies showing that US Government subsidies to the US Ethanol Industry make little economic sense, my recommendation is to kill all US Government Ethanol Subsidies to all Big US Corps above a certain size. The Feds can decide what the size cutoff should be.

I think there should be substantial tax incentives for wise green energy investments, but in all fairness, green Ethanol tax incentives should not be more robust than that of any other green energy tax incentive.

The money raised here should be used to reduce the US Deficit.