Wednesday, October 21, 2015

How Pandering To Iowa’s Ethanol Lobby Hurts America

Ten years ago this month, President George W. Bush signed the Renewable Fuel Standard into law, implementing regulations that require companies to blend specific amounts of renewable fuels into gasoline. No state benefits more from the RFS than Iowa, and with the Iowa caucuses six months away, presidential candidates are already pandering, flip flopping, or avoiding the issue altogether as they attempt to woo voters…………

While the RFS may be a boon to Iowa corn farmers, it’s essentially a tax on the poor, who are suffering from higher prices because of it. Plus, it’s a net negative for the environment. It’s time for presidential candidates, particularly Republicans, to stop pandering to voters in Iowa and promise to repeal the harmful Renewable Fuel Standard.