Pulp Nonfiction
Two years in Washington have started to make me feel jaded. I've come to expect that even nobly conceived laws will be manipulated and distorted for private ends. But once in a while I hear a story that gives me the queasy feeling that I'm nowhere near cynical enough. Such is the case with the tale of the paper industry and the alternative-fuel tax credit. Full Story »
Posted by Glenn LaBauve
The devil is in the detail. The bill should have read a subsidy for those who increase the amount of biofuel in their fossil fuel. The paper industry used to use 100% biofuel, now less so they should get a negative subsidy (a tax). How often good intentions result in the oposite effect from the intended.