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Political Factoid
The ethanol tax subsidy
paid out $20 billion*
before the law expired
(without objection) at
the end of 2011.
- The subsidy went to large
refining corporations who
mixed ethanol into gasoline.
- The ethanol consumed
40% of the U.S. corn
crop and drove corn
and food prices to
record levels.
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The $20 billion, of course, was
mostly paid for by the National
Debt.
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