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To: goldstategop
There's no reason the government should be subsidizing increased food prices on the rest of us.

There's also a 50-cent/ gallon tariff on imported ethanol, meaning we can't use the much cheaper sugar ethanol from Brazil. Protectionism run amok.

20 posted on 04/26/2008 4:01:07 PM PDT by lesser_satan (Vote McCain - The Choice who Sucks Less!)
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To: lesser_satan
There's also a 50-cent/ gallon tariff on imported ethanol

The U.S. ad valorem tariff is 2.5% of the product value, and is lower than any other country in the world. To prevent U.S. tax dollars from further subsidizing foreign-produced ethanol, which has already received support from the country of origin, there is a secondary duty of 14.27 cents per liter or 54 cents per gallon. The secondary duty was created to offset the value of the ethanol tax credit taken by the petroleum industry when ethanol, both domestic and imported, is blended with gasoline.

http://www.ethanolrfa.org/resource/facts/trade/

meaning we can't use the much cheaper sugar ethanol from Brazil.

We import more ethanol from Brazil than any other country. But now the US produces even more ethanol than Brazil's total production.

http://www.ethanolrfa.org/industry/statistics/#F

74 posted on 04/28/2008 12:58:22 PM PDT by thackney (life is fragile, handle with prayer)
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