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.
