June 17, 2011

NOW TAX THE GAS:

Senate strikes at ethanol handout: Stephen Dinan, 6/16/11, The Washington Times)

Signaling that austerity is now the prevailing attitude on Capitol Hill, the Senate delivered a stunning blow to a once-sacrosanct program Thursday when it voted to end billions of dollars that go each year to producers of blended ethanol.

Reversing itself from just two days earlier and despite opposition from the White House, a bipartisan coalition voted 73-27 to halt the 45-cents-per-gallon tax credit, which was expected to total $5.7 billion in 2011.


Posted by at June 17, 2011 4:24 PM
  

blog comments powered by Disqus
« IT'S NOT LIKE THEY COULD BE MORE PRO-ABORTION THAN TED TURNER: | Main | YOU'RE INVITED TO THE CANUCKS YEAR END PARTY: »