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From the dark abyss of Congressional madness - A tiny ray of light.

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posted on Dec, 25 2011 @ 11:50 PM
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Congress killed the Ethanol subsidy just before the break....

www.detroitnews.com...



Washington —The United States has ended a 30-year tax subsidy for corn-based ethanol that cost taxpayers $6 billion annually, and ended a tariff on imported Brazilian ethanol. Congress adjourned for the year on Friday, failing to extend the tax break that's drawn a wide variety of critics on Capitol Hill, including Sens. Tom Coburn, R-Okla., and Dianne Feinstein, D-Calif. Critics also have included environmentalists, frozen food producers, ranchers and others. The policies have helped shift millions of tons of corn from feedlots, dinner tables and other products into gas tanks. Environmental group Friends of the Earth praised the move. "The end of this giant subsidy for dirty corn ethanol is a win for taxpayers, the environment and people struggling to put food on their tables," biofuels policy campaigner Michal Rosenoer said Friday.


Finally. I have been advocating this for many years. Hopefully most of the poorer Caribbean and Central American countries can get in on this too. The Saudis have enough money, lets keep it all in this Hemisphere.




posted on Dec, 26 2011 @ 12:06 AM
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This is good news. We need more things like this to help correct our nation spending deficit.



posted on Dec, 26 2011 @ 12:59 AM
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Its very good news. I hope we see and hear more about this.



 
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