This is a long overdue. As reported by Detroit News:
The United States has ended a 30-year tax subsidy for corn-based ethanol that cost taxpayers $6 billion annually, and ended a tariff on imported Brazilian ethanol.
Congress adjourned for the year on Friday, failing to extend the tax break that's drawn a wide variety of critics on Capitol Hill, including Sens. Tom Coburn, R-Okla., and Dianne Feinstein, D-Calif. Critics also have included environmentalists, frozen food producers, ranchers and others.
This will help bring down the cost of corn inputs into the food chain, help ease world hunger, and hopefully it will reduce the ethanol-crazed rush to plant food acres with corn. This is good for land and good for people.