| Handouts for me but not for thee seems to be a common theme here.
Do people remember that the “Blenders Credit”.. or the subsidy to “Blend” ethanol in the first place went to the “Blender” which in many cases was the refiner.. ??
maybe we are reverting back to previous policy as a political compromise..??
that may or may not be wise... but it’s what has occurred before.
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.
https://ethanolrfa.org/2016/01/rfa-releases-qa-on-ethanol-energy-subsidies-and-the-rfs/
Maybe they go back to that.. then stair step it down over time and end it.. for good.. with the stipulation that no refiner can be exempted this time regardless of size.
Edited by JonSCKs 9/12/2020 09:07
|