Does the increased volume in ethanol production and corn grown outweigh subsides to the ethanol industry?
The following is summary of testimony by the RFA to House Ways and Means Committee in April 2007. Ethanol is saving the taxpayers right now some $6.2 billion net calculated from a $2.5 billion outlay paid to gasoline refiners to blend the alcohol and a $6 billion savings in farm program payments that won’t be made because of higher corn prices. The government is also getting a $2.7 billion return from increased tax revenues from the industry.
