Senate vote keeps ethanol tax credit alive

  • Article by: JIM SPENCER , Star Tribune
  • Updated: June 15, 2011 - 11:33 AM

Klobuchar fought measure to immediately end the subsidy.

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thisisinsaneJun. 14, 11 9:40 PM

"Ethanol is one of our most viable alternatives to foreign oil, and we need to continue to support it because it uses homegrown American resources and provides thousands of jobs across rural America" said Sen. Al Franken, D-Minn.>>>>>>>>>>>OMG this guy is an embarrassment to the state of Minnesota. Ethanol is a joke. This tax credit needs to go away. Absolutely no doubt about it. There may be some hope for biofuels, such as switch grass (?), but corn-based ethanol is NOT the answer. That is a fact.

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justthetruthJun. 14, 11 9:45 PM

This is a perfect example of why you can't expect federal government spending to be bought under control. Special interests supported by politicians getting money from the taxpayers for an activity that should be able to stand on its own. Corporate welfare at its finest. And that also goes for the drug, oil and defense contracting industries as well.

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noinkJun. 14, 11 9:54 PM

The U.S. Senate on Tuesday chose not to kill a multibillion-dollar annual tax credit that now provides major support for ethanol producers and corn farmers in Minnesota and other states = a United States Senate that just cannot cut excess spending.

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BilliscoolJun. 14, 1110:06 PM

Sen. Al Franken, D-Minn. "Ethanol is one of our most viable alternatives to foreign oil, and we need to continue to support it because it uses homegrown American resources and provides thousands of jobs across rural America.....How about we use the corn to feed people and drill in America for oil so we do not have to depend on foreign oil? Besides that ethanol takes more energy to create than it produces, typical Dem thinking.

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gjacobJun. 14, 1110:11 PM

It makes sense to phase it out, and 3 years is pretty fast by Washington standards. This ammendment stinks of politics since immediately dropping the tax credit is not really an option - it will probably be used in TV ads next year. Ethanol is a joke and is a waste of fertile soil which has a finite life. They need to get rid of this tax credit (responsibly) and also get the oil companies to pay their fair share of taxes (Exxon paid zero taxes in 2009 on $19.42B in profit, how's that work?)

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donny01Jun. 14, 1110:43 PM

gjacob is right - the credits are already being phased out. Jerking the credits back and forth is the exact type of unstable government action that is hindering the economy as a whole. Taxes, healthcare, deductions, credits... business needs stability to grow! Stop ruining the economy to make political points (both sides)!

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ruphinaJun. 14, 1111:03 PM

MN plants 7.5 million acres to corn; that means 2.5M for ethanol per the article. 3900 square miles of prairie plowed, drain-tiled, fertilized, pesticided, and herbicided unneccessarily. That land could support at least 5 million upland game birds, a half million waterfowl, at least 40,000 deer, and literally billions of all the other prairie species that used to live there, and some remant of which managed to hold on until the row crop subsidies bribed the farmers to tear down the fences, send the cows to a feedlot, and plow the pastures and hay fields. Another case of unintended consequences. Phase out the subsidies (and even a 5 year plan is reasonable) and let it stand (or die) on it's own. Bill G.

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ruphinaJun. 14, 1111:06 PM

Corporations don't pay taxes- ever! They may shuffle some of your money to a government, but in the end every penny of corporate tax comes from the consumer. Hidden taxes you pay when you buy something are the ultimate socialist do-gooder DFL tool because you never see just how badly you are getting screwed. Bill G.

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perronjpJun. 14, 1111:19 PM

If Amy really cared about jobs, she would not have voted for Obamacare. Job growth will suffer as companies wait until 2014 to see the real impact of the law. A law the dems have stated they never read or understood, but they needed to pass it at 1:00 in the morning. Why did this great law have to wait until 2014 for full implementation? To let the dems slip past the 2012 election cycle first.

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jibbyjoeJun. 15, 1112:44 AM

Why are we burning our food? This may some day come back to haunt us.

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