June 17, 2011
Policy & Regulatory Briefing: Ethanol Flip-Flop, EPA Rules ‘Won’t Cut Carbon’
The Senate Thursday made an abrupt reversal on ethanol subsidies, voting 73-27 to remove a major tax break for the industry. The measure by Sen. Dianne Feinstein (D-CA) ends a 45 cent per gallon credit for ethanol that fuel blenders mix into gasoline, the Hill says. The amendment also ends a 54-cent per gallon import tariff.
Feinstein’s measure was identical to an amendment by Sen. Tom Coburn (R-OK), which was defeated 40-59 on Tuesday, the Hill says.
But the Senate rejected, 41-59, an amendment by Sen. John McCain….
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