Ethanol Suffers Rare Loss in Senate

jo_k_er_man · Jun 20, 2011

Finally! No more paying taxes for this bs that has been getting us no where! Oil companies next???

A broad bipartisan majority of the Senate voted Thursday to end more than three decades of federal subsidies for ethanol, signaling that other long-sacrosanct programs could be at risk as Democrats and Republicans negotiate a sweeping deficit-reduction deal.

The tax breaks, which now cost about $6 billion a year, had long been considered untouchable politically because of the power of farm-state voters and lawmakers. Iowa's role as the site of the first presidential caucuses has further elevated the political potency of the biofuel.

Presidential hopefuls made a quadrennial ritual of going to Iowa and pledging to support the tax breaks, ...
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http://online.wsj.com/article/SB10001424052702304319804576389843694911096.html?mod=djemalertNEWS

reb · Jun 21, 2011

by gosh..about time someone came to their senses. this is the first thing in....heck, i can't remember..that either chamber has done that sounded half sane.

OptimisticFutureBlues · Jun 21, 2011

Apparently the only thing harder than getting them to get into alternate energy, is to get them to remove the subsidies when one of the few technologies they take interest in doesn't work.

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Ethanol Suffers Rare Loss in Senate

jo_k_er_man TBD

reb Member

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Ethanol Suffers Rare Loss in Senate

jo_k_er_man TBD

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