"A
recent study conducted by the
Swiss-based group called
Global Subsidies Initiative
revealed the total cost of the
tax breaks and subsidies that
go into U.S. production of
ethanol to be in the whopping
range of $5.1 to $6.8 billion
for 2006." (more)
While I'd rather use my tax dollars to subsidize American industries, such as ethanol producers, rather than foreign oil companies, I'd rather subsidize hybrid cars and other clean vehicle technologies more than ethanol. Give GM and Ford $5 billion per year to perfect hybrid cars, plug-in hybrid vehicles, fuel cell hybrid vehicles and electric vehicles.
If lighter materials and smarter automobile designs were coupled with next generation batteries, fuel cells and hybrid technology, the U.S. could easily end foreign oil dependency. Sure it would be expensive, but not too expensive if we simply made better use of current tax subsidies - Not by adding new ones.
While I'd rather use my tax dollars to subsidize American industries, such as ethanol producers, rather than foreign oil companies, I'd rather subsidize hybrid cars and other clean vehicle technologies more than ethanol. Give GM and Ford $5 billion per year to perfect hybrid cars, plug-in hybrid vehicles, fuel cell hybrid vehicles and electric vehicles.
If lighter materials and smarter automobile designs were coupled with next generation batteries, fuel cells and hybrid technology, the U.S. could easily end foreign oil dependency. Sure it would be expensive, but not too expensive if we simply made better use of current tax subsidies - Not by adding new ones.
