Deficit Commission Study makes no mention of ethanol subsidies

Everyone should take a look at the Deficit Commission’s recent online publication of a summary of its report. The graphs charting the federal deficit and the general recommendations made by the Commission are sobering. Some have noted that missing from the recommended budget cuts is any mention of ethanol subsidies. This may be due to the fact that no supermajority of commission members could be summoned to address the subsidies, or because it was not reviewed. One online commentary has noted this omission, which for Iowa can be seen as good news. Of course this Commission study, like others before it, is likely to be disavowed by all parties. Still, it is interesting to see how ethanol is handling itself in Washington given the recent infighting over subsidies, tax credits, and the proposed increase in the percentage of ethanol in gasoline.

Reference:
http://www.fiscalcommission.gov/sites/fiscalcommission.gov/files/documents/CoChair_Draft.pdf

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About James Pray

Attorney with BrownWinick Law Firm in Des Moines, Iowa.
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