Tax Policy: Effects of the Alcohol Fuels Tax Incentives

Pursuant to a congressional request, GAO provided information relating to tax incentives for alcohol fuels, focusing on: (1) whom the incentives benefit and disadvantage economically; (2) what environmental benefits, if any, the incentives have produced; (3) whether the incentives increased the nation's energy independence; and (4) the extent to which the partial exemption from the excise tax for alcohol fuels has reduced the flow of revenue into the Highway Trust Fund.