Congress should kill ethanol subsidy, not hike fuel tax

06/02/2003
Even as they approved on May 22 a reduction in income taxation estimated to save taxpayers $330 billion over 10 years, US lawmakers were considering a 30% hike in the gasoline tax.Worse, few of them were relating that proposal to a looming mandate for sales of fuel ethanol—a substance that starves the highway-construction program that gasoline taxes feed.In response to projected deficiencies in the Highway Trust Fund, the House transportation committee proposes a 5.4¢/gal increase in the federal gasoline excise, now 18.4¢/gal.The levy has more than doubled since 1987.There's a better way than raising the gasoline tax to repair the Highway Trust Fund: Quit subsidizing f...
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