A federal report finds the petroleum industry reaps many benefits which alternative fuels like ethanol do not enjoy. Iowa Senator Tom Harkin says it’s clear corn-based ethanol is subject of discrimination.The report from the General Accounting Office compared tax incentives for the top three petroleum companies in the U-S to other fuels over the past three decades. Harkin says the petroleum companies got 130-Billion dollars in tax breaks, while all renewable alcohol-based fuels took in only 11-point-2 Billion.Harkin says we’ve “paid multi-billions in ransom to the petroleum industry…and we’re still held hostage.”
SEARCH THIS SITE
RECENT NEWS
- Iowa Libertarian Laehn running for US Senate qualifies for Nov. ballot
- Reynolds responds to critics of state contracts with Amazon, Cognizant
- Banned from lawn watering? Tips so Iowans can keep their grass alive
- Attorney General settlement provides reimbursement to Iowans for COVID tests
- Radon detection training scholarships, for people who pledge to work in rural Iowa