June 16, 2011

Ethanol subsidy up for another cut?

It was like dodging a bullet Tuesday when the amendment offered by Senator Tom Coburn, R-Okla, failed. That amendment would have ended the blender credit for ethanol and the import tariff on the biofuel. However, procedural wrangling and even talk that ending a tax credit was a tax increase muddied the waters.

Neither issue may be a problem as the next amendments come for a vote. The Senate has before it two amendments. The first, according to The Hill is from Senator Dianne Feinstein, D-Calif., which is nearly identical to Coburn's, but doesn't have the baggage of the first attempt. Right after that, the Senate would also vote on an amendment from Senator John McCain, R-Ariz., that would block use of federal funds for the construction of ethanol blender pumps or other infrastructure. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers
Enhanced by Zemanta

No comments:

Post a Comment