Ethanol credit, subsidy, and tariff voted down

[ChumpDumper]

People will believe what they want, but I never seek their sites out. When I seek out a specific source, I prefer USA Today and the likes.

But you didn't look there either.

[Wild Cobra]

X2

WC, this is one you should really give up on and hope it just fades away into the archives.

You too missed the post where I said the LoC had the wrong material linked.

All my original posts are wrong, based on the LoC having the wrong amendment text linked.

[Wild Cobra]

I want to stop using corn for ethanol. The only reason it is being used is because it is heavily subsidized and protected by tariffs. Brazil's ethanol scheme may not be perfect, but it's much better than this stupid corn business.

I want to do away with it too. Think it will happen if we remove the $0.54/gallon tariff?

[ChumpDumper]

I want to do away with it too. Think it will happen if we remove the $0.54/gallon tariff?

And the subsidies, yes.

[Wild Cobra]

But you didn't look there either.

Library of Congress is the preferred source for bills in congress, but it was wrong.

Give it a rest.

My statement meant to reflect that I don't go to the usual suspect sites.

[ChumpDumper]

Library of Congress is the preferred source for bills in congress, but it was wrong.

Reading the text you posted, I don't think it was wrong. You just didn't understand what was being debated.

Give it a rest.

My statement meant to reflect that I don't go to the usual suspect sites.

USAToday is about as mainstream as media gets.

And still, you didn't go to it.

[Blake]

Blake, I based all that on the fact I couldn't find anything related in the material linked to the amendments talked about.

The Library of Congress had the wrong amendment linked. I never expected them to do that!

so that means something's fishy!

After I explain that, you still have to rail against me.

You most certainly have some poor morality and ethics.

I didn't have to rail against you, I just wanted to.

You're an ass for jumping to ty conclusions.

[Winehole23]

Bitter? I heard they got a pill for that now.

[Blake]

Bitter?

me? no. I've been called worse than morally poor.

[Winehole23]

How lame. It's like that sometimes.

[ElNono]

YOU LIE! ankle bitter, VRWC!

[TeyshaBlue]

YOU LIE! ankle bitter, VRWC!

gfy

[Blake]

gfy

Bot!

[boutons_deux]

Senate votes to end $6 billion in ethanol subsidies

The Senate voted overwhelmingly on Thursday to eliminate billions of dollars in support for the U.S. ethanol industry, sending a strong message that the era of taxpayer support for biofuels is ending.

The Senate in a 73-27 vote approved an amendment to end the 45-cent-a-gallon subsidy the government gives refiners and the 54-cent-per-gallon tariff on imported ethanol, which would be a boon to a major ethanol-producing country such as Brazil that makes ethanol from sugarcane.

The Senate measure still faces a long road to becoming final. The White House issued a statement saying it was against a full repeal of ethanol subsidies, indicating it could use its veto power if the amendment continued to advance in Congress.

http://www.reuters.com/article/2011/...75F5IN20110616

=========

the Exec. They are as owned by the corporations as any Repug.

[Wild Cobra]

Roll call #90

Almost 3/4 of the senators. More than 70% of each party and both independents.

Same amendment. I wonder why the change?

[Wild Cobra]

Anyone else think the ethanol industry in the USA will collapse if this passed as is? How many more jobs lost?

If people want ethanol, I'm OK with that. I'm just not OK with subsidizing it. However, to also remove the tariffs also... what sense is that?

I'll add that the corn and ethanol industries are both safe with the mandated ethanol in gas, unless cheaper ethanol from elsewhere is used.

I say keep the import tax.

[Winehole23]

wc SUPPORTS CONTINUED DISTORTION OF THE MARKET VIA TAXATION. INTERESTING MOVE FOR wc

[Winehole23]

Are you sentimental about farmers or somethin?

[ElNono]

Tariffs distort the free-market for the better...

[ChumpDumper]

Wild Cobra loves him some taxes and hopelessly inefficient energy schemes.


Let the corn go to soda and tortillas like God meant it to be.

[boutons_deux]

"I'll add that the corn and ethanol industries are both safe"

cherry picking even bogus facts.

UCA industrial agriculture and beef/pork factories are unsustainable, with extremely high externalized costs.

We'll see if the algae bloom from the poison dumped into the Gulf by the floods is really the biggest ever this summer.

Our ing fat ass, greedy, UCA-created/dictated lifestyle is unsustainable.

[RandomGuy]

Bad decision. Very bad decision to not pass this repeal.
Ethanol form corn is nothing more than the result from heavy farm lobbying. It's grossly inefficient and and drives up the cost of food. Brazil produces ethanol 6 times more efficiently form sugar cane...AND THEY ARE ENERGY INDEPENDENT.

Not to mention the state (TX) focuses on the increase of NoX emissions from biodiesel and ignorse ethanol increase. It's corruption all over, thanks to farm lobying

The Kochbrothers did right here, but by accident and their own self interest. Bachman would have opposed this because her family is built on welfare/farm subsidies.

Brazil is only energy independent because they produce a lot of oil themselves, not because ethanol is capable of running their economy.

http://en.wikipedia.org/wiki/List_of...oil_production

[TeyshaBlue]

Brazil is only energy independent because they produce a lot of oil themselves, not because ethanol is capable of running their economy.

http://en.wikipedia.org/wiki/List_of...oil_production

Venezuela is busy copying the Brazillian model as well. Their oil production is right up there with Brazil and they are currently building out 15 sugar cane/ethanol plants.

[Borat Sagyidev]

Brazil is only energy independent because they produce a lot of oil themselves, not because ethanol is capable of running their economy.

http://en.wikipedia.org/wiki/List_of...oil_production

You do realize that brazil has much more significant ethanol contribution?
Regular petrol must have at least 25% ethanol there, and they have plenty of 100% ethanol pumps as well

[RandomGuy]

This does not compute.

The OP lists S 1057 as the one voted down. However, it was not discussed in congress on 6/14. S Admd 436 was voted on and led listed as Motion to Invoke Cloture on the Coburn Amdt. No. 436; To repeal the Volumetric Ethanol Excise Tax Credit. However, i was unable to find text for it outside of this:



Looking deeper I found this is what would be repealed in (a):

What I found for (b) is this:

FY 2009 Global Climate Change Mitigation Incentive Fund.

I don't see it as an ethanol subsidy. Maybe someone wants to research it.

I am baffled. I tend to believe the le had nothing to do with the text, but was an intentional misdirection.

The bill to be amended is S782. Here is the removed text by the amendment:


I was unable to find ethanol.

help.....

Perhaps then, padawan, you should simply insert the le of the act into google and hit "search".

Third link down here:
http://www.govtrack.us/congress/bill.xpd?bill=s112-1057

Which then gives you the option to see the text.


May 25, 2011 - Placed on Calendar Senate. This is the text of the bill once it was placed on a calendar of business in the Senate. This is the latest version of the bill currently available on GovTrack.

S 1057 PCS

Calendar No. 69

112th CONGRESS

1st Session

S. 1057

To repeal the Volumetric Ethanol Excise Tax Credit.

IN THE SENATE OF THE UNITED STATES

May 24, 2011

Mr. COBURN introduced the following bill; which was read the first time

May 25, 2011

Read the second time and placed on the calendar


--------------------------------------------------------------------------------
A BILL

To repeal the Volumetric Ethanol Excise Tax Credit.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT LE.

This Act may be cited as the ‘Ethanol Subsidy and Tariff Repeal Act’.

SEC. 2. REPEAL OF VEETC.

(a) Elimination of Excise Tax Credit or Payment-

(1) Section 6426(b)(6) of the Internal Revenue Code of 1986 is amended by striking ‘December 31, 2011’ and inserting ‘the later of June 30, 2011, or the date of the enactment of the Ethanol Subsidy and Tariff Repeal Act)’.

(2) Section 6427(e)(6)(A) of such Code is amended by striking ‘December 31, 2011’ and inserting ‘the later of June 30, 2011, or the date of the enactment the Ethanol Subsidy and Tariff Repeal Act’.

(b) Elimination of Income Tax Credit- The table contained in section 40(h)(2) of the Internal Revenue Code of 1986 is amended--

(1) by striking ‘2011’ and inserting ‘the later of June 30, 2011, or the date of the enactment of the Ethanol Subsidy and Tariff Repeal Act’, and

(2) by adding at the end the following:

-----------------------------

-----------------------------

‘After such date zero zero’.

-----------------------------

(c) Repeal of Deadwood-

(1) Section 40(h) of the Internal Revenue Code of 1986 is amended by striking paragraph (3).

(2) Section 6426(b)(2) of such Code is amended by striking subparagraph (C).

(d) Effective Date- The amendments made by this section shall apply to any sale, use, or removal for any period after the later of June 30, 2011, or the date of the enactment of the Act.

SEC. 3. REMOVAL OF TARIFFS ON ETHANOL.

(a) Duty-Free Treatment- Chapter 98 of the Harmonized Tariff Schedule of the United States is amended by adding at the end the following new subchapter:

‘Subchapter XXIII

Alternative Fuels

--------------------------------------------------------------------------------

Heading/Subheading Article Description Rates of Duty

1 2

General Special

--------------------------------------------------------------------------------

9823.01.01 Ethyl alcohol (provided for in subheadings 2207.10.60 and 2207.20) or any mixture containing such ethyl alcohol (provided for in heading 2710 or 3824) if such ethyl alcohol or mixture is to be used as a fuel or in producing a mixture of gasoline and alcohol, a mixture of a special fuel and alcohol, or any other mixture to be used as fuel (including motor fuel provided for in subheading 2710.11.15, 2710.19.15 or 2710.19.21), or is suitable for any such uses Free Free 20%’.

--------------------------------------------------------------------------------

(b) Conforming Amendments- Subchapter I of chapter 99 of the Harmonized Tariff Schedule of the United States is amended--

(1) by striking heading 9901.00.50; and

(2) by striking U.S. notes 2 and 3.

(c) Effective Date- The amendments made by this section apply to goods entered, or withdrawn from warehouse for consumption, on or after the later of June 30, 2011, or the date of the enactment of this Act.

Calendar No. 69

112th CONGRESS

1st Session

S. 1057

A BILL

To repeal the Volumetric Ethanol Excise Tax Credit.

--------------------------------------------------------------------------------
May 25, 2011

Read the second time and placed on the calendar

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