Congress passed a law last year mandating a ramp-up to 15 billion gallons of corn ethanol by 2015 and 36 billion by 2022. But McCain and other Republicans said those rules should be suspended to put more corn back into the food supply for animal feed, and to encourage farmers to plant other crops.
Key Quote: "This subsidized (ethanol) program — paid for by taxpayer dollars — has contributed to pain at the cash register, at the dining room table, and a devastating food crisis throughout the world," said McCain, in a statement.
Congress is unlikely to rescind the popular ethanol subsidies with the election looming. They're more concerned about getting re-elected than fixing a problem they created.
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