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. . . .
Related Posts
Double dipping for government aid?: A case involving wind farmsAlex Tabarrok has this find here: government provides $1.2 billion of a $1.9 billion project.The memo says that OMB and- Democrats ask Koch Brothers for moneyThis is amusing, click here for info.
Another Stimulus recipient seeing stock collapseFirst Solar's stock fell an additional 20% early today. The company received $1.5 billion from the Stimulus. The awar- Environmentalists collide: Windfarm stopped at night after bat killed by swinging bladesWindmills already have a huge financial disadvantage in that you have to have an alternative power supply for when the
- Defeated Congressional Democrats gave big payday to staffersWith the deficit running at $1.65 trillion this year, just something to keep in mind.Departing members of the House of
- Democrat governors giving large amounts of money out to public sector unions as they are leaving officeWith the federal stimulus money expiring, these were already going to be tight budget years for many states. This is a
Only six Senate Democrats voted to end the $6 Billion subsidy for Ethanol
4/
5
Oleh
abudzar
