Cornageddon - Congress Ends Subsidies for Corn-based Ethanol

This is a long overdue. As reported by Detroit News :

The United States has ended a 30-year tax subsidy for corn-based ethanol that cost taxpayers $6 billion annually, and ended a tariff on imported Brazilian ethanol.

Congress adjourned for the year on Friday, failing to extend the tax break that’s drawn a wide variety of critics on Capitol Hill, including Sens. Tom Coburn, R-Okla., and Dianne Feinstein, D-Calif. Critics also have included environmentalists, frozen food producers, ranchers and others.

This will help bring down the cost of corn inputs into the food chain, help ease world hunger , and hopefully it will reduce the ethanol-crazed rush to plant food acres with corn. This is good for land and good for people.