STOP Fueling Corporate
Welfare!
SB2222 – THEY ARE NOT
TELLING US THE TRUTH
How much?
MILLIONS. $1.6 million a year for the new plant or plants alone. EACH new plant can get up to $10 million total. Existing plants get 40 cents per gallon produced.
Who pays?
- ALL farmers and ranchers, whether they grow corn or not. SB2222 will cut their tax rebate on fuel used for farming by one cent per gallon. This is 1/6 of their total rebate, and adds up!
- EVERYONE with a car. SB2222 takes money from the highway fund, and our vehicle registration fees have already been raised $3/yr to make up for it. That won’t stop.
- TAXPAYERS
How long?
FOREVER. When the time for the subsidies runs out, they will just pass another bill. Ethanol will never be profitable without them. If subsidies stop, this industry will die.
Who profits?
BIG CORPORATIONS and their investors. Dakota Renewable Fuels promises investors in its new $46-million plant an annual return of 29.2% - paid for by subsidies.
What about jobs
and energy?
It takes MORE ENERGY to make a gallon of ethanol than the gallon contains.
MORE JOBS are lost due to higher taxes than are created.
In addition to
this, SB2222 is most likely unconstitutional.
Article X, Sec. 18 of the ND
state constitution reads: “…neither the state nor any political subdivision
thereof shall otherwise loan or give its credit or make donations to or in aid
of any individual, association or corporation except for reasonable support of
the poor, nor subscribe to or become the owner of capital stock in any
association or corporation."
SB2222 IS NOT FOR
THE FAMILY FARM. IT IS FOR GIANT “AGRIBUSINESS” THAT IS TAKING OVER OUR STATE.
NO to SB2222
StopThief
c/o Norman C.
(Clint) Cooper
4848 Highway 85,
Lot 119
Williston, ND
58801-8612
701-572-1432 (Please
call before 6 PM)