Giving an Inch and Keeping a Mile: Why the Corn Lobby Let the Ethanol Tax Credit Expire
Ten percent of motor gasoline in the United States is comprised of ethanol produced from corn. This production level is required by law, a requirement that confers large benefits on corn producers by keeping corn demand and prices high. In comparison, the recently expired ethanol tax credit was a small perk.
Corn prices, ethanol, VEETC, RFS, renewable fuel standard
Smith, Aaron. 2012. "Giving an Inch and Keeping a Mile: Why the Corn Lobby Let the Ethanol Tax Credit Expire." ARE Update 15(5): 1-4. University of California Giannini Foundation of Agricultural Economics.