WASHINGTON — A bipartisan coalition of congressmen introduced a bill last week to slow rising food prices by redirecting subsidies for gasoline refiners who use corn ethanol to the producers of “second-generation” biofuels made from waste products. The bill, called the Affordable Food and Fuel for America Act, would phase out a $5-billion annual subsidy for gasoline refiners who blend corn ethanol into gasoline; eliminate a tariff on imported biofuels; and increase funding for the ...
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