The following is an excerpt from Eric Pianin | December 29, 2015 | Thefiscaltimes.com |
There was a time when speaking out against federal ethanol subsidies – especially for presidential candidates – was considered political suicide. Ethanol, made from corn, is produced by Midwestern states like Iowa and converted into a biofuel.
Indeed, every Republican who has won the Iowa caucuses dating back to the 1980s has pledged allegiance to ethanol, including former Sen. Bob Dole of Kansas, who was dubbed “Senator Ethanol” during his 1996 campaign.
Related: Republican Ted Cruz Vaults Into First Place in New Iowa Poll
But Sen. Ted Cruz of Texas, the current frontrunner in the Iowa GOP contest, appears determined to break that mold. Cruz has boldly advocated an end to the Renewable Fuel Standard (RFS), the so-called federal ethanol mandate that requires refiners to blend an increasing amount of biofuels with the gasoline supply.
For more visit: Thefiscaltimes.com