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» The Ornery American Forum » General Comments » Ethanol Suffers Rare Loss in Senate

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Author Topic: Ethanol Suffers Rare Loss in Senate
JWatts
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quote:
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.

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I would be glad to see the Federal government stop wasting money on the ethanol boondoggle.

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edgmatt
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I'll second that.
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Pete at Home
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How will this affect the price of my conac?
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DonaldD
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You drink USA produced cognac?
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Pyrtolin
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It's a bit of a shame that it's mostly a symbolic vote, but it's good to see that there's been even a slight shift away from the position that insists on no net revenue increases.
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JWatts
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Since cognac is produced from grapes I think you're doomed to high prices, but I would expect the price of moonshine to plummet in the near future.

[ June 17, 2011, 12:14 PM: Message edited by: JWatts ]

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