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Your Tax Dollars Lost: Biofuel Subsidies Helping Europeans

13 June 2008 24 views No CommentPrint This Post Print This Post Email This Post Email This Post
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Photo courtesy takomabibelot and licensed by Creative Commons.

There’s a loophole in the biofuel legislation that allows for a $1.00 per gallon subsidy to be collected by private industry for blending biodiesel in with regular fuel.  Once a minimum amount of diesel is added to the mix, the newly-formulated fuel is shipped off to Europe and sold for below-market rates.

www.foxnews.com

Tags: biofuel, dust, fuel, legislation, news, tax
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