Ethanol Mandate Wastes Money, Pollutes Air, And Ruins Cars — Don't Expand It, End It
10/09/2018Ethanol: Some people have called the new plan to boost ethanol to 15% of our gasoline fuel supply a "reform" of the ethanol program. It's not. It's an expansion of the program, which should instead be shut down.
President Trump, cutting a deal as always (that's one of his gifts), has hit upon a compromise. Previously, gasoline makers struggled with costs when they would be forced to switch their blend seasonally from 10% ethanol to 15% ethanol, then back.
Trump's plan makes it simpler: Just make 15% the cap, and ignore the switching. Sell it year-round. Problem solved.
While we laud President Trump for his spirit of compromise, this move marks an expansion of a bad and wasteful program, one that requires billions of dollars in subsidies a year but doesn't boost our fuel supply one bit.
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https://www.investors.com/politics/editorials/ethanol-waste-pollution-subsidies/