No candidate, Republican or Democrat, had to date attacked Iowa’s beloved ethanol subsidies and lived to tell thetale. The two biggest subsidy boosters in living memory are arguably President Obama and Donald Trump. But Ted Cruz treaded where thugs and fools (because politicians are one or the other or both) had feared to tread and won.
How did he pull it off?
Essentially, by putting together a shrewd electoral strategy that thwarted the “public choice” dynamic that has been keeping the ethanol cartel in business while transferring $10 billion annually to its pocket from that of the drivers—not to mention gumming up their cars, says Reason Foundation Senior Analyst Shikha Dalmia.
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