McCain is against Ethanol Subsidies

Posted by Jonathan Williams on Aug 8th, 2008
2008
Aug 8

This should be fairly obvious but it is worth stating that McCain is against subsidies for ethanol.

Republican presidential hopeful John McCain stopped by the Iowa State Fair on Friday, repeating his opposition to ethanol subsidies and vowing to open markets around the world to Midwest commodities.

 

McCain has long opposed subsidizing the production of ethanol and has never shied away from making his point known, even in farm country.

 

“My friends we will disagree on a specific issue and that’s healthy,” McCain said as he stood behind bales of straw at the fairgrounds. “We will disagree from time to time. I believe in renewable fuels, I don’t believe in ethanol subsidies, but I believe in renewable fuels.”

Here is more on the subject from his campaign website:

John McCain Believes Alcohol-Based Fuels Hold Great Promise As Both An Alternative To Gasoline And As A Means of Expanding Consumers’ Choices. Some choices such as ethanol are on the market right now. The second generation of alcohol-based fuels like cellulosic ethanol, which won’t compete with food crops, are showing great potential.

 

Today, Isolationist Tariffs And Wasteful Special Interest Subsidies Are Not Moving Us Toward An Energy Solution. We need to level the playing field and eliminate mandates, subsidies, tariffs and price supports that focus exclusively on corn-based ethanol and prevent the development of market-based solutions which would provide us with better options for our fuel needs.

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One Response

  1. Invest this! Says:

    Obama has said that he would drop his support of ethanol in order to combat the food crisis. However, given his background, I’m not sure how likely this is. Anyway, McCain being against ethanol subsidies is a nice change after his economic plan turned out to be such a bust.

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