Senate Votes To End $6B In Ethanol Subsidies

Law360, New York (June 16, 2011, 6:04 PM EDT) -- The U.S. Senate on Thursday passed a measure to repeal about $6 billion in subsidies and import taxes designed to support ethanol production, just days after rejecting a move to force a vote on the cost-cutting effort.

While 13 Republicans joined nearly all the Senate’s Democrats in shooting down the measure on a cloture vote Tuesday, the lawmakers voted overwhelmingly in favor of the proposal to get rid of the subsidies as an amendment to an economic development bill.

Originally introduced by Sen. Tom Coburn, R-Okla.,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.