Bad economic policy should be eliminated. Period. Exclamation point. End of story.
We have an opportunity to strike deep into the heart of Big Ethanol – Senator Coburn’s Amendment repeals not only the tax credit, but it also repeals the tariff on imported ethanol. It’s a great first step on the way to ridding the tax code of market-distorting energy subsidies and sends a message that Republicans are serious about tax reform.
Ethanol subsidies are an abomination. They are simply a form of corporate welfare. Their elimination would be pro-growth.
Senator Coburn’s Amendment is #436 to S. 782 and will most likely be voted on tomorrow. He needs 60 votes for cloture. Please join me in supporting his efforts.
President, Club for Growth