MadMaya Wrote:
Nov 03, 2012 5:43 PM
From "Corn ethanol history in the U.S. is the history of subsidies, since the sector didn't really take off until the government decided to subsidize it. The Energy Tax Act of 1978 created ethanol tax credits in an effort to decrease the nation's vulnerability to oil shortages and handle how the price of corn had been depressed by agricultural subsidies." Yes, use has grown under Republican and Democrat presidents alike, however it was Al Gore who said:"One of the reasons I made that mistake [supporting ethanol] is that I paid particular attention to the farmers in my home state of Tennessee, and I had a certain fondness for the farmers in the state of Iowa because I was about to run for President."