Rick Perry Attacks Ethanol Subsidies in Iowa

Posted by Yahoo!: Mark Whittington on November 2nd, 2011
Yahoo!: In a speech in Pella, Iowa, Texas Gov. Rick Perry, a candidate for president, called for the abolition of ethanol subsidies. This is considered a bold position to take in the first caucus in the nation state, where a lot of corn is grown to make ethanol. How does the U.S. subsidize ethanol? The ethanol subsidy law was signed by President George W. Bush in 2004 and went into effect in 2005. The subsidy allows ethanol blenders to receive a 45 cents tax credit for every gallon of ethanol they......

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