Ethanol's secret: Highly touted alternative fuel needs tax subsidies to survive

State and local leaders have been crowing about how ethanol plants will bring more jobs to Indiana and put more dollars in the pockets of corn farmers. If that prospect isn't enough to make votecoveting politicians and corn farmers giddy, General Motors Corp. started singing ethanol's praises this month in TV ads. Joyous motorists frolic under blue skies-all thanks to ethanol's promise of cleaner air and energy independence from oil. But there's another economic reality for motorists who use E85,...

 

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