07 Jun '11, 10pm
Infographic: From enviros to farmers & beyond, the "Corn Mob" is ready to fight for an end to the #ethanol tax credit:
Making Out Like Bandits Ethanol blenders receive a tax credit of 45 cents for every gallon they mix with gasoline -- and that's to produce a fuel that gives drivers lower mileage per gallon than straight gasoline. For Big Ag , ethanol subsidies have been a cash cow. Although corn growers don't receive subsidies directly, the ethanol industry is a reliable and expanding market, with higher demand translating into higher prices. I've Got a Beef With You The corn used to make ethanol is not the same corn humans eat; it is the kind used to feed chickens, cows, and other livestock. As increased demand for feed corn drives up the cost of business, dairy, meat, and poultry producers have become vocal opponents of corn subsidies. Don't Forget the Poor Organizations concerned with world hunger and social justice have joined the coalition calling for an end to VEETC. Groups such as ...