Senate

Senate to vote on amendment to strip ethanol tax credits

by Josiah Ryan - 06/10/11 2:16 PM ET

“If Congress can’t cut a corporate welfare subsidy the corporations themselves don’t want, what can we cut?” asked Coburn in March when he was attempting to attach the amendment to the Small Business Administration (SBA) funding bill. “Ethanol is a case study of how parochialism trumps progress in Congress. Sooner or later, the Senate will take a vote on this issue.”

Coburn’s amendment would repeal the Volumetric Ethanol Excise Tax Credit, scratching the 45-cent blender tax credit for ethanol and the 54-cent tariff on imported ethanol.

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