After thirty years, Congress let the federal subsidy for corn-based ethanol expire on December 31, 2011. Although the influence of “Big Corn” is not as ubiquitously known as that of “Big Oil” or pharmaceuticals, the agricultural sector is consistently ranked among the top sectors for lobbying expenditures. This political clout is well demonstrated by the extent of the former subsidy. The ethanol subsidy has been in existence for the last thirty years and cost taxpayers roughly six billion dollars in each recent year.
Gentle Into That Good Night: Subsidy Expiration Provides a Lesson in Reform Through Inactions,
U. Mich. J. L. Reform Caveat
Available at: http://repository.law.umich.edu/mjlr_caveat/vol45/iss1/8
This Comment was originally cited as Volume 1 of the University of Michigan Journal of Law Reform Online. Volumes 1, 2, and 3 of MJLR Online have been renumbered 45, 46, and 47 respectively. These updated Volume numbers correspond to their companion print Volumes. Additionally, the University of Michigan Journal of Law Reform Online was renamed Caveat in 2015.