Can you call oil depletion allowance a subsidy?
No and neither are intangible drilling costs.
Oil and gas production are real businesses with a real demand in the market place.
Ethanol has no business purpose and NO demand in the market place. So a bunch of lobbyists bribed ( made campaign donations ) to enough Congressmen and Senators to subsidize this new “industry”.
Without the government largess, the whole worthless enterprise collapses.
Trump, in his brilliance, wants to take your hard earned money and mine and ship it to millionaire corn farmers in Iowa, all to win him votes.
Cruz, takes the position any true conservative would, end the waste of taxpayers funds and stop govt from picking winners and losers.
This issue is a microcosm of things to come.......