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Bills

Congressional Legislation Details

Title as Introduced:

Herger-Crowley Ethanol Subsidy Repeal Act
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Bill Number:

H.R.2307

Description:

A bill to repeal the Volumetric Ethanol Excise Tax Credit and the tariff protecting domestic ethanol producers.

Bill Sponsor

Co-Sponsors:

Our Position:

We support this bill.

Dear Representatives Herger and Crowley,

On behalf of more than 1.7 million Americans for Prosperity activists in all 50 states, I write to commend you for your recent introduction of H.R. 2307, the Ethanol Subsidy Repeal Act. Your bill would finally bring an end the federal government’s tax subsidies for the use of corn-based ethanol as a source of fuel, a drawn-out and ultimately wasteful exercise in centralized economic planning that has been going on since the 1970s.

The first ethanol tax credit was introduced in 1978. But more than thirty years later we must conclude that ethanol has not lived up to the hype. The government support has done little to reduce oil imports or drive down prices at the pump. Instead, they have simply distorted economic decision making in American energy markets and diverted capital towards unproductive uses dictated by Washington bureaucrats instead of American consumers. Diverting corn from the food supply has also been linked to higher food prices Americans are currently seeing on their dinner tables.

Click here to read Americans for Prosperity's full letter of support

Status:

Referred to the House Committee on Ways and Means.

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