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OK_Grains
Contributor

Ethanol Repeal fails to pass the senate today

Was always going to struggle given the time constraints.....

 

http://www.bloomberg.com/news/2011-06-14/senate-rejects-bid-to-kill-ethanol-tax-break.html

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3 Replies
Blacksandfarmer
Veteran Advisor

Re: Ethanol Repeal fails to pass the senate today

It would be nice if the tax breaks and subsidies big oil has been sucking on for decades became a front and center issue in the next presidential debate.

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k-289
Senior Advisor

Re: Ethanol Repeal fails to pass the senate today

 

Ask the Senator from Oklahoma about "big oil" saying they don't want the tax credit on ethanol ---easy solution SEND IT BACK---uncle sam accepts checks

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SouthWestOhio
Senior Contributor

Re: Ethanol Repeal fails to pass the senate today

Some of the comments on the floor during the debat suggests a different proposal could be forthcoming soon. Some said they were voting no because the amentment did not come to the floor through regular channels. They want such a proposal to be properly vetted in committee first. One Senator even projected they would have it back in 30 days. My guess is it will nto be for total elimination of the blenders credit next time but some type of phased reduction.

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