“Ethanol’s bitter taste” in the WSJ
Wall Street Journal editorial writer Kimberley Strassel, in her usual irreverent, inimitable way, today hits the government subsidy and mandate program for ethanol. In her column titled “Ethanol’s Bitter Taste,” (subscription required) Strassel describes how there’s now a pushback from some of the farmers affected by high corn prices. She points out:
The hugely influential National Cattlemen’s Beef Association has gone so far as to outline a series of public demands, including an end to any government tax credits (subsidies) for ethanol and an axe to the import tariff on foreign ethanol. Put another way, the cattlemen are so angry that they are demanding free markets and free trade — a first.