Maybe we will finally get this $hit out of our fuel!
From the hill:
http://thehill.com/blogs/floor-actio...ol-tax-credits
Senate to vote on amendment to strip ethanol tax credits
The Senate on Tuesday will hold a procedural vote on an
amendment that would eliminate about $6 billion in tax credits provided annually to subsidize blenders of ethanol.
The vote comes after the amendment’s sponsor, Sen. Tom Coburn (R-Okla.), presented 16 signatures from other senators to the Senate clerk Thursday and demanded that a vote to limit debate be placed on the schedule.
Coburn has been pushing for a vote on the amendment throughout the year, selling it as an important step toward slashing out-of-control government spending.
"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.