the Senate voted overwhelmingly this afternoon to end the $5-billion-a-year incentive for ethanol production. The vote, according to Wall Street Journal coverage, also would end a 54-cents-a-gallon tariff on imports of the fuel. From Senate Votes to End Billions in Ethanol Subsidies Good news for once.
U.S. Senators Tom Coburn, M.D. (R-OK) and Dianne Feinstein (D-CA) today introduced the Ethanol Subsidy and Tariff Repeal Act, which will fully eliminate the Volumetric Ethanol Excise Tax Credit (VEETC) and fully repeal the import tariff on foreign ethanol. Cosponsors also include Senators Ben Cardin (D-MD), Richard Burr (R-NC), Jim Webb (D-VA), Susan Collins (R-ME), […]