34 out of 47 Republicans were willing to bit the bullet and cut this subsidy to corn farmers. This subsidy was originally set up to help cars built before 1972 that weren't tuned up to burn their gas more completely. BTW, environmentalists aren't too thrilled about ethanol any more. Besides all the energy wasted on producing ethanol, there is also the problem of the formaldehyde burning ethanol produces. In case you didn't know, formaldehyde causes cancer. From The Hill newspaper:
Thirty-four Senate Republicans voted Tuesday to advance a proposal eliminating a $6 billion ethanol tax break, which one GOP leader said struck a blow against the Taxpayer Protection Pledge.
But the measure fell 20 votes short, 40-59, as most Democrats voted against proceeding.
The vote came on an amendment sponsored by Sen. Tom Coburn (R-Okla.) to eliminate a 45-cent tax break given to refiners for every gallon of ethanol they blend with gasoline. . . .
Only six Senate Democrats voted to end the $6 Billion subsidy for Ethanol
4/
5
Oleh
abudzar