The great rethink of ethanol
By Wayne Allard | Dec 19, 2017
For the first time in years, there is an emerging consensus that the biggest racket in national politics deserves to end.
Earlier this month, Sen. Ted Cruz, R-Texas, and 10 other Republican senators held a luncheon summit at the White House with President Trump with the goal of drastically reforming the Renewable Fuel Standard, the federal mandate that annually funnels $13.5 billion from the wallets of American fuel and food consumers into the coffers of agribusiness giants.
Before the national nightmare of Obamacare, there was the RFS, the most sweeping and intrusive federal intervention in the American economy undertaken in modern history. Enacted under President George W. Bush in 2005 and expanded in 2007, the RFS requires that biofuels, mainly ethanol, be increasingly mixed with gasoline in greater proportions each year until 2022.