April 3, 2016
Burning food for fuel does not sound like the best idea. However, that is precisely what U.S. ethanol policy requires. Though federal supports for ethanol have changed over the past decades, the disappointing results of the program—including the waste of motorists’ dollars—have continued. In what follows, my Manhattan Institute colleague Robert Bryce explains why Americans are still stuck with destructive ethanol programs that do not help the environment, promote energy independence, or aid the economy:
Jared Meyer: What are the main ways that the government promotes the ethanol industry? How have these industry supports changed over time?
Robert Bryce: Americans have been paying to support corn ethanol since 1978, when Congress approved a 40 cent-per-gallon subsidy for the fuel. That year, the Bee Gees topped the pop charts with their disco hit, “Stayin Alive.”