Job Number is Overblown
Kate McMahon 09/29/2010 @ 9:12am
Your article states that "more than 100,000 jobs in ethanol are at risk if the tax credit expires at the end of this year," based on overblown figures from the RFA, which have been widely discredited. Recent, independent analysis by Bruce Babcock of Iowa State University has found that at most 400 jobs could be lost if VEETC expired. At a price tag of close to $6 billion each year, these tax credits are quite expensive for 400 jobs. I'm sure we could invest this money much better - tens of thousands of teachers and fire fighters, perhaps?
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