28 Jan '16, 5pm

RFA Releases Q&A on Ethanol, Energy Subsidies and the RFS.

First and foremost, there is no “corn ethanol subsidy.” The Volumetric Ethanol Excise Tax Credit (also known as the “blender’s tax credit”) expired five years ago in 2011. Further, it was gasoline blenders — not ethanol producers — who received a 45 cent per gallon tax credit for each gallon of ethanol blended. The Small Ethanol Producer Tax Credit also expired in 2011. The RFS is not a “subsidy.” The RFS is not a tax incentive or subsidy in any way, shape, or form. The RFS has absolutely no impact on the federal budget or tax revenues. Rather, the RFS is a program that guarantees lower-carbon biofuels will have access to a fuel market that is overwhelmingly and unfairly dominated by petroleum. There is also no such thing as a “corn ethanol mandate,” let alone an “ethanol mandate.” The RFS does not mandate the use of corn ethanol or any other type of ethanol for that matte...

Full article: http://www.ethanolrfa.org/2016/01/rfa-releases-qa-on-etha...

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