Giving an Inch and Keeping a Mile: Why the Corn Lobby Let the Ethanol Tax Credit Expire
Smith, Aaron
from ARE Update Vol. 15, No. 5, May/Jun, 2012
Abstract
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.
Keywords
Corn prices, ethanol, VEETC, RFS, renewable fuel standard
Citation
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.
https://giannini.ucop.edu/filer/file/1453327762/16888/