Tuesday, August 28, 2007

Against ethanol subsidies

Here's a link to the Register's editorial on AB 118, a California bill that would tax cars (higher fees, so they get around the 2/3 majority needed for higher taxes) to subsidize ethanol. Whether it's good or not, ethanol doesn't deserve subsidies; it gets too many already, and we're already starting to see some of the unintended consequences of subsidizing corn likker in higher food prices. Goofy.

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