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GlobalSubsidiesInitiative


Study shows Americans pay billions for ethanol subsidies

A recent study conducted by the Swiss-based group called Global Subsidies Initiative revealed the total cost of the tax breaks and subsidies that go into U.S. production of ethanol to be in the whopping range of $5.1 to $6.8 billion for 2006. It estimates that U.S. tax payers shell out about $17 per million BTUs. For comparison, a 1989 study calculated oil and natural gas subsidies at less than 40 cents per million BTUs after adjusting for inflation. Proponents of the booming ethanol industry say that the study doesn't include either the ... Read more →

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