Consumers Once Again Foot the Bill for Corporate Welfare
Posted by Consumers for World Trade Mon, 25 Jun 2007 21:32:00 GMT
Ezra FinkinJune 25, 2007 - Last week, the Senate passed its energy bill that included
provisons designed to reduce greenhouse gas emissions and improve fuel standards
for automobiles. Unfortunately, the Senate failed to include a provision eliminating
very high tariffs on ethanol. These high tariffs are designed to keep out efficient
foreign supplies of ethanol - most notably from Brazil - by making them very
expensive relative to US supplies. Yet these high tariffs help contribute to
high gasoline prices at the pump and food prices at the grocery store.
Of
course eliminating these tariffs would help reduce fuel and food prices paid
by consumers. In the name of "energy independence", the Senate
agreed not to eliminate or even reduce these tariffs that benefit the many large
corporate ethanol producers.
It is time that our elected officials consider the virtues of energy independence
against the real costs to American consumers. In fact it is the neediest Americans
that will pay the price of this ethanol policy through persistent high gas prices and paying more just to feed their families.
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