Newsflash: Party’s ending for ethanol subsidiesJune 16th, 2011 | by Gawain Kripke
Senate votes overwhelmingly to end the ethanol tax credit immediately.
Today the Senate voted 73 to 27 to end the VEETC in July, even though it was scheduled to expire at the end of the year anyway.
At the same, time, the House voted overwhelmingly to prohibit new government investment in ethanol infrastructure. By a vote of 283 to 128, the House voted to prohibit any new spending on pumps and storage facilities for ethanol.
Neither is law and the final result is not yet known. Legislative process has many twists and turns. But both votes send a strong signal that the days of endless ethanol subsidies could soon be over.