Ethanol Subsidies: $10 A Gallon And $14 Million Per Job Created

Here's the bottom line for the ethanol tax credits additive to the White House-GOP tax compromise: • $6 billion in subsidies for 2011.

• $10 per extra gallon of ethanol.
• $14 million per extra job.
• $1.2 billion to attract one extra Senate vote.

In a season of giving in Washington, the ethanol lobby may come away with even more than it hoped for and its ardent defenders sought. The Senate version of the $858 billion tax bill unveiled late Thursday — just a week after Sen. Max Baucus, D-Mont., proposed extending the ethanol tax credit at a reduced 36 cents a gallon — would keep the current 45-cent credit.

Corn is unloaded to be processed at an ethanol plant in Coon Rapids, Iowa. The Senate version of the $858 billion tax bill unveiled late would extend the current 45-cent credit for ethanol fuel.

Source: www.investors.com...

Here are a few reasons why the ethanol biofuels program is a scam unto itself:

The U.S. Biofuel Scam: A view from abroad

The Great Ethanol Scam

One quarter of US grain crops fed to cars - not people, new figures show

The risks outweigh the benefits when it comes to using ethanol as an alternative fuel; it comes at the expense of the food supply.