Manhattan Moment: Pork barrel ethanol subsidies have doubled corn prices

Published



Last month, with Washington mired in the debt ceiling battle and facing a potential default, public disapproval of Congress reached a record 82 percent. That figure might have been a little lower had Congress succeeded in solving another long-festering issue: putting an end to the massive subsidies being given to the corn ethanol scam. Alas, it was not to be.

In early July, it appeared that a bipartisan group of senators had come up with a plan to end the 45-cents-per-gallon subsidy almost immediately rather than wait for it to expire, as planned, on Dec. 31.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.