McCain says would eliminate ethanol tariff

Reuters
Wed Oct 15, 2008 10:47pm EDT

HEMPSTEAD, New York (Reuters) - Republican presidential candidate John McCain said on Wednesday that if elected he would eliminate the tariff on sugar cane-based ethanol and cut a number of subsidies for ethanol.

"I would eliminate the tariff on imported sugar cane-based ethanol from Brazil," McCain said in a televised debate with Democratic rival Barack Obama.

McCain also said, that unlike Obama, he opposed subsidies for ethanol because they distort the market and could lead to inflation.

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