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Ethanol Subsidies: $10 A Gallon And $14 Million Per Job Created
Investor's Business Daily ^ | 12/10/2010 | Jed Graham

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 ...


TOPICS:
KEYWORDS: agitprop; congress; ethanol; reid; taxes; trolls; wackjobs

1 posted on 12/10/2010 7:46:34 PM PST by Slyscribe
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To: Slyscribe

That’s it! Next spring I’m ripping out the lawn and planting corn!


2 posted on 12/10/2010 7:50:01 PM PST by April Lexington (Study the Constitution so you know what they are taking away!)
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To: Slyscribe

Idiots!


3 posted on 12/10/2010 7:51:24 PM PST by Jim Robinson (Rebellion is brewing!! Nuke the corrupt commie bastards to HELL!!)
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To: Slyscribe

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...


4 posted on 12/10/2010 7:54:34 PM PST by allmost
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To: Slyscribe

That’s a GREAT idea! NOT!


5 posted on 12/10/2010 7:57:48 PM PST by SERKIT (We need more of Barry's "Wet Diaper" news conferences. He gets smaller and smaller each time.....)
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To: Slyscribe

$10 a gallon! this is outrageous.

The politicians really think money grows on trees


6 posted on 12/10/2010 7:59:27 PM PST by GeronL (#7 top poster at CC, friend to all, nicest guy ever, +96/-14, ignored by 1 sockpuppet.. oh & BANNED)
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To: Slyscribe

Another good reason why the rest of the GOP should follow Jim DeMint and vote this monstrosity down!


7 posted on 12/10/2010 8:00:49 PM PST by Signalman
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To: Slyscribe

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.


8 posted on 12/10/2010 8:10:23 PM PST by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: allmost

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.


9 posted on 12/10/2010 8:19:37 PM PST by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: Blood of Tyrants

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.


10 posted on 12/10/2010 8:42:39 PM PST by Captain7seas (FIRE JANE LUBCHENCO FROM NOAA)
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To: Slyscribe
• $10 per extra gallon of ethanol.

And it isn't even drinkable.

11 posted on 12/10/2010 8:55:47 PM PST by Paleo Conservative
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To: Captain7seas

“Why, prey tell would you think they are paying banks not to lend?”

Because they are in league with Obastard in destroying the US.


12 posted on 12/10/2010 9:18:22 PM PST by Blood of Tyrants (Islam is the religion of Satan and Mohammed was his minion.)
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To: Paleo Conservative

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!


13 posted on 12/10/2010 9:27:45 PM PST by barb-tex (What else did you expect from the likes of 0? BTW, What ever happened to Rhodesia?, Oh, yes, Zimbabw)
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To: Paleo Conservative

And a lot of cars run like crap on the corn juice.


14 posted on 12/10/2010 10:44:24 PM PST by pankot
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