December 12, 2013
TAX WHAT YOU DON'T WANT, THE MARKET WILL DO THE REST:
U.S. Senators introduce bill to eliminate corn ethanol mandate (Timothy Gardner, 12/12/13, Reuters)
Posted by Orrin Judd at December 12, 2013 4:55 PMA group of 10 U.S. Senators introduced a bipartisan bill on Thursday to eliminate the corn ethanol mandate, arguing that current law raises the cost of food and animal feed and damages the environment.The bill, introduced by Dianne Feinstein, a California Democrat; Tom Coburn, an Oklahoma Republican; and eight cosponsors, faces an uphill battle as many lawmakers from agricultural states support the Renewable Fuel Standard (RFS)that dictates that rising volumes of ethanol made from grains, including corn, be blended into motor fuel.