Posted on 12/10/2010 7:46:29 PM PST by Slyscribe
Here's the bottom line for the ethanol tax credits additive to the White House-GOP tax compromise:
• $6 billion in subsidies for 2011.
• $10 per extra gallon of ethanol.
• $14 million per extra job.
• $1.2 billion to attract one extra Senate vote.
In a season of giving in Washington, the ethanol lobby may come away with even more than it hoped for and its ardent defenders sought.
The Senate version of the $858 billion tax bill unveiled late Thursday — just a week after Sen. Max Baucus, D-Mont., proposed extending the ethanol tax credit at a reduced 36 cents a gallon — would keep the current 45-cent credit.
(Excerpt) Read more at investors.com ...
That’s it! Next spring I’m ripping out the lawn and planting corn!
Idiots!
When the government fueled money pulls out of stocks. Some of it is going towards oil. A bit of a tangent across ethanol yes, but this will hit everyone and everything that moves IMO. Big banks have too much cash on hand. They are not lending, they are speculating. On to the next bubble...
That’s a GREAT idea! NOT!
$10 a gallon! this is outrageous.
The politicians really think money grows on trees
Another good reason why the rest of the GOP should follow Jim DeMint and vote this monstrosity down!
As I’ve posted before on this Ethanol scam I can hear the theme music from the movie “The Sting” whenever I read about it.
Ignore Obastard and the Rats saying that they want the banks to loan. The banks are not lending because the Federal Reserve is PAYING them to keep large cash reserves on hand.
The FED is the problem.
Why, prey tell would you think they are paying banks not to lend? While at the same time secretly giving $3 trillion to foreign banks.
And it isn't even drinkable.
“Why, prey tell would you think they are paying banks not to lend?”
Because they are in league with Obastard in destroying the US.
GW is a scam, we know, but things like EtOH go on. and they want to increase the allowable. 10% cost me at least 10% in milage. When we get the obama tax increase every thing works against us, I hope the Pubbies could do something for us, but they wont. Useless!
And a lot of cars run like crap on the corn juice.
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