Cruz combats crony corn

Cruz can stand for principle and actually tell Republicans what they do not want to hear.  He should do more of this.

Click here to read the full New York Post editorial of March 15, 2015 quoted below:

Say this for Ted Cruz: He’s willing to risk losing Iowa for the right reasons — in this case, to make a point for free energy markets and against crony capitalism.

The crony here is Big Corn. Thanks to a federal mandate called the Renewable Fuel Standard, gasoline producers are required to use a certain percentage of corn-based ethanol. This artificially inflates the market for corn.

Remember, it’s not your family farmer benefiting; it’s companies such as Archer-Daniels-Midland. Ethanol is big money, and King Corn is up there with the big boys in DC tending to their corporate welfare.

This month, the 2016 GOP wannabes were out at the Iowa Agricultural Summit. When asked about the government mandate for ethanol, almost all but Cruz hedged. Some claimed they would support getting rid of the ethanol mandate if they could get rid of breaks for oil, too.

We thought boondoggles like ethanol were exactly the kind of thing people are putting Republicans in office to bust up. We’re all for getting rid of any special tax breaks or subsidies that go to oil. But it’s pathetic to use oil-industry breaks as an excuse for keeping the ethanol fuel mandate in place.

We haven’t always agreed with Sen. Cruz, especially on his tactics for how Congress should deal with the Obama administration.

But on this principle, he’s right: “I don’t think Washington should be picking winners and losers,” Cruz said in Iowa. “I think we should have an all-of-the-above approach that is based on markets.”