Lawmakers have until December 31 to decide on extending tax subsidies for corn-ethanol, and support for the once-popular biofuel appears to be wavering. So should taxpayers subsidize ethanol? Cato scholars Jerry Taylor and Harry de Gorter have looked at all the evidence and argue that the most commonly offered rationales -- that ethanol reduces harm caused by our reliance on foreign oil and a host of air pollution problems -- do not hold up to scrutiny.
- Ethanol: Let Protectionism Expire, by Harry de Gorter and Jerry Taylor
- The Ethanol Tax Credit -- It's Worse Than You Think, by Jerry Taylor and Harry de Gorter
- An Economic Critique of Corn-Ethanol Subsidies, by Jerry Taylor
I hope you'll encourage lawmakers to oppose further subsidies for ethanol - and all other industries.