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Thread: Senate sidetracks move to repeal ethanol credit

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    Senate sidetracks move to repeal ethanol credit

    WASHINGTON – The Senate refused to kill a $5 billion annual subsidy for ethanol on Tuesday, backing continued government aid for a Farm Belt-based industry over deficit reduction in an era of record red ink.

    The 40-59 vote, far short of the 60 needed to advance the measure, reflected regional as well as partisan differences, a split among Republicans — and anything but the final word on the issue.
    Senate sidetracks move to repeal ethanol credit - Yahoo! News

    They couldn't even remove one of the most horrid and bipartisanly disliked subsidies in the nation.
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    Re: Senate sidetracks move to repeal ethanol credit

    Ethanol is one of the most useless and even destructive products this country manufactures!!! Just the mileage ALONE is utter crap. YOu get about 10-14 miles per gallon LESS on that crap.
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    Re: Senate sidetracks move to repeal ethanol credit

    Ethenol causes the cost of most meat products to go up because it's a major feed got the animals we like to eat.
    Here we have the Democrats who control the Senate are propping up big agribusiness, and don't they raise hell if even looks like a Conservative wants anything close.

    This $5 billion dollars could be used to retrofit those coal fired power plants Obama is going to let close.

    I ask again that everyone email their Congresspeople and Senators as I have to push for the saving of these plants. It's in our best interest and Liberals should get behind along with everyone else because it's a bout clean power, jobs, and economies.

    If it catches on I don't care who gets the credit for the idea.

    This will have a better return than Ethanol ever will.
    Last edited by Councilman; 06-15-11 at 05:54 AM.

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    Re: Senate sidetracks move to repeal ethanol credit

    Quote Originally Posted by Councilman View Post
    Ethenol causes the cost of most meat products to go up because it's a major feed got the animals we like to eat.
    Here we have the Democrats who control the Senate are propping up big agribusiness, and don't they raise hell if even looks like a Conservative wants anything close.

    This $5 billion dollars could be used to retrofit those coal fired power plants Obama is going to let close.

    I ask again that everyone email their Congresspeople and Senators as I have to push for the saving of these plants. It's in our best interest and Liberals should get behind along with everyone else because it's a bout clean power, jobs, and economies.

    If it catches on I don't care who gets the credit for the idea.

    This will have a better return than Ethanol ever will.
    Democrats can't decide whether their in the pocket of big business or not. They point fingers at Republicans all the while shoveling $billions under the table to their supporters.
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    Re: Senate sidetracks move to repeal ethanol credit

    Sadly its not just Democrats on this one. We had 12 Republicans who sat there and voted along with them.

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    Re: Senate sidetracks move to repeal ethanol credit

    i've always felt ethanol got undue favorability cuzza the prominence of IOWA every 4 years

    wapo's take:

    A majority of Senate Republicans appeared to break Tuesday with two decades of GOP orthodoxy against higher taxes, voting to advance a plan to abruptly cancel billions of dollars in annual tax credits for ethanol blenders.

    The measure, offered by Sen. Tom Coburn (R-Okla.), fell short of the 60 votes needed to overcome a filibuster threat. But it had the support of 34 of 47 Republicans, most of whom have signed an anti-tax pledge that specifically prohibits raising taxes by any means but economic growth.

    Coburn has argued forcefully that Republicans must abandon that pledge if they are serious about tackling the spiraling national debt. Though the Senate turned back his measure, he said the vote nonetheless marks the beginning of the end of GOP tolerance for wasteful giveaways through the tax code.

    “You’ve got 34 Republicans that say they’re willing to end this, regardless of what Grover says,” Coburn said, referring to pledge creator Grover G. Norquist, the founder of Americans for Tax Reform. “That’s 34 Republicans that say this is more important than a signed pledge to ATR.”

    The vote was hardly a slam dunk for Coburn’s crusade against the dozens of tax credits and deductions that he derides as government spending by another name. Several senators who voted against the ethanol credit, which is widely condemned by Republicans as bad economic policy, said they would not necessarily vote to end other types of tax breaks.
    Senate vote to repeal ethanol tax credit fails, but some in GOP break ranks - The Washington Post

    corporate welfare, anyone?

    where's difi?

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    Re: Senate sidetracks move to repeal ethanol credit

    The measure, offered by Sen. Tom Coburn (R-Okla.), fell short of the 60 votes needed to overcome a filibuster threat. But it had the support of 34 of 47 Republicans, most of whom have signed an anti-tax pledge that specifically prohibits raising taxes by any means but economic growth.

    Coburn has argued forcefully that Republicans must abandon that pledge if they are serious about tackling the spiraling national debt. Though the Senate turned back his measure, he said the vote nonetheless marks the beginning of the end of GOP tolerance for wasteful giveaways through the tax code.
    I like the cut of this Coburn guys jib. He is clearly willing to pragmatic realities over dogmatic nonsense, and he started by firing and shot at the most corrupt and worthless tax breaks.

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    Re: Senate sidetracks move to repeal ethanol credit

    Seems like everything gets stalled up in the Senate these days...
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    Re: Senate sidetracks move to repeal ethanol credit

    Quote Originally Posted by Harry Guerrilla View Post
    Senate sidetracks move to repeal ethanol credit - Yahoo! News

    They couldn't even remove one of the most horrid and bipartisanly disliked subsidies in the nation.
    Remove subsidies? That doesn't sound like something the government would do.
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    Re: Senate sidetracks move to repeal ethanol credit

    The mere existence of corn ethanol is illogical, let alone subsidies for it. *sigh*
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