I am excited to share a new, brief video that explains how Congress could save taxpayers $6 billion per year and help lower prices at the pump. All lawmakers have to do is let 30 years of ethanol tax credits and trade protection expire on December 31. Read the full release here.
Current U.S. ethanol policies include an interlocking system of subsidies and tariffs that cost taxpayers $6 billion per year (and a total of $45 billion since 1980), contribute to fluctuating gas prices and make sugarcane ethanol practically unavailable in the U.S. The video helps demystify these policies, explains the environmental, economic and energy security benefits of greater competition in the biofuels sector and debunks a number of myths promoted by defenders of the status quo.
I hope you take a few minutes to watch the video and see how your fill-ups could be improved 100 days from today. Let us know what you think!
Joel Velasco is the Chief Representative in North America for UNICA, the Brazilian Sugarcane Industry Association. His e-mail address is email@example.com.
For more information, visit http://www.sweeteralternative.com/.
Follow Joel Velasco on Twitter: www.twitter.com/caneethanol