Senate Votes to Repeal Ethanol Subsidy
June 17, 2011 2:00 PM
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39% of all corn produced in the U.S. goes to ethanol production
House to vote next
Lawmakers in Washington are working hard to write and pass laws that would have fuel efficiency standards in the U.S. changing drastically in coming years. While some in Washington support the new standards for vehicle efficiency, others oppose the standards. Along with mandating better fuel economy across a carmakers fleet, Washington is also seeing green and renewable fuel alternatives for vehicles.
In the U.S., ethanol has been added into the fuel we run in vehicles for years. Ethanol is as high as 10% in fuels today and some that are against ethanol, which is derived from corn, claim that the biofuel is increasing the price of some food items in America. A report published by the GAO claims that the use of ethanol has driven the cost of some food items up as much as 20%.
With all of Washington in cost cutting mode in an effort to shore up the federal budget lawmakers are looking at everywhere money can be saved. One place that some in the Senate want to save money is by repealing the subsidy on ethanol. The
Thursday 73-27 to end a $0.45 per gallon tax credit on ethanol-blended gasoline starting on July 1. According to those that support the repeal, the subsidy cost taxpayers $5.6 billion last year.
Growth Energy, and ethanol association, CEO Tom Buis said, "The Senate missed an enormous opportunity to take real action on deficit reduction and energy policy when it failed to put oil subsidies and giveaways to the same test as ethanol."
On the other side of the coin, Kate McMahon coordinator of biofuels campaigns for Friends of the Earth said, "Senators scored a win for the public and for the environment by voting to end this $6 billion giveaway." She continued saying, "[the Senate delivered a message] that the ethanol industry's days of living high off the taxpayers' hog have come to an end."
The effort to end the ethanol subsidy now goes to the House for voting. White House spokesman Jay Carney says that the Obama administration supports a reduction in the ethanol subsidy, but does not support a full repeal. Some claim that 39% of the corn produced in the U.S. is currently going into fuel tanks. With the costs to reach the
regulations for fuel economy reaching nearly $10,000, some automakers are calling for the removal of ethanol from gasoline. Ethanol is renewable and greener than petroleum fuel, but reduces fuel economy.
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6/18/2011 5:08:18 PM
6/20/2011 4:10:04 PM
Not surprising words, given the fact that Lincoln was a tyrant who used violence and the military on his own people when they Democratically, and bloodlessly, voted to defend States Rights.
"We may congratulate ourselves that this cruel war is nearing its end...
Oh, you mean the one you started without even ATTEMPTING to negotiate or compromise first? The man who directly caused the deaths of nearly 700,000 of his own citizens lamenting about cruelty. I guess he needed the stovepipe style hat to contain all that irony...
Also Yash, you are aware this was 1864 right? I know you Liberals like to exaggerate the mans greatness, but you're adding being a prophet to his legend as well?
6/20/2011 11:47:51 PM
Him being a tyrant has nothing to do with his concerns of corporations. Did Eisenhower's remarks about the military industrial complex affect his ability to be president?
Same old generalizations for personal attacks. How many times have I told you I don't vote within that entrenched 2 party system?
"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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