Senate to vote on ethanol subsidies
The Senate will vote this week on two conservative amendments to end the U.S. Government's market-distorting ethanol policies. Americans are being forced to subsidize corn ethanol, which drives up the cost of gasoline, lowers gas mileage, and raises food prices.
One amendment to be offered by U.S. Sen. Tom Coburn
(R-OK) would repeal the Ethanol Excise Tax Credit and the tariff on imported ethanol. Another amendment to be offered by U.S. Sen. Jim DeMint
(R-SC) would repeal the renewable fuels standard that requires blenders to use ethanol, and would also repeal the death tax.
In a statement
released Friday, DeMint said,
"The best way to help family farmers is not with mandates, subsidies, and protective tariffs. We can help farmers and stimulate the economy by repealing the unfair death tax, which cripples family farms and small businesses all over this country."
Jim DeMint Tom Coburn