Elimination of tariff would weaken economy

Ethanol Producer Magazine - April 2010
News release posted April 1

WASHINGTON, DC – Growth Energy, the coalition of U.S. ethanol supporters, released a study in late March which showed that if the tariff on foreign ethanol is allowed to lapse at the end of the year, extreme job losses and the loss of billions of dollars in economic activity would follow – with 28 states being the hardest hit across the manufacturing, finance and real estate sectors, as well as agriculture.

The study found year-to-year job losses go from 39,506 in the first year after the tariff lapses, to 115,642 in the second year, and 161,384 in the third year. Job losses continue year-after-year and most of these jobs are never regained, according to the 10-year projection performed by the University of Missouri’s Community Policy Analysis Center.

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