Key Vote Alert – “YES” on Coburn Amendment to Repeal the Volumetric Ethanol Excise Tax Credit (S. Amdt. 436 to S. 782)

Barney Keller - June 10th, 2011

KEY VOTE ALERT


“YES” ON COBURN AMENDMENT TO REPEAL THE VOLUMETRIC ETHANOL EXCISE TAX CREDIT (S. AMDT. 436 TO S. 782)

The Club for Growth strongly supports an amendment offered by Senator Tom Coburn To repeal the Volumetric Ethanol Excise Tax Credit. (S. AMDT. 436 to S. 782) and urges all Senators to vote “YES” on passage of the amendment. Senator Coburn has filed a motion for cloture on this amendment, and we expect that the vote will take place Tuesday. This vote will be included in the Club for Growth’s 2011 Congressional Scorecard.

It’s time to end these economically irrational provisions for ethanol, which should be a first step in eliminating all government subsidies for energy production, including the abolition of government mandates on renewable fuel use. These mandates and subsidies distort capital investments, which harms energy production, energy efficiency and economic growth.

The subsidies that would be abolished by Sen. Coburn’s amendment are especially egregious and have survived eradication for far too long.

In addition, this amendment would repeal the tariff on imported ethanol.

Our Congressional Scorecard for the 112th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.