Lance: End $6B ethanol subsidies

by Woodbridge InJersey on Jun 16th | Email

Rep. Leonard Lance

Rep. Leonard Lance

Rep. Leonard Lance, R-6th District, issued the following statement regarding the 73-27 Senate vote Thursday to repeal the nearly $6 billion per year ethanol subsidy.

“I am pleased the United States Senate voted to end the nearly $6 billion ethanol subsidy,” said Lance, one of the leaders in the effort in the U.S. House to end the subsidy. “Today’s vote gives lawmakers on both sides of the U.S. Capitol momentum on this issue. I urge leaders in the U.S. House to bring forth legislation to end the ethanol subsidy once and for all. We must get our Nation’s fiscal house in order and eliminating the federal ethanol subsidy will make a significant contribution towards this goal. We must keep the momentum going and follow suit in the House. ”

Lance said he will formally request a vote on the issue in a letter to the U.S. Speaker of the House John Boehner.

Lance is the author of H.R. 1188, the "Repeal Ethanol Subsidies Today Act." This bipartisan legislation would terminate the ethanol blenders tax credit that costs taxpayers approximately $6 billion a year. Lance’s bill has been endorsed by a broad coalition of environmental and taxpayer advocate groups including Taxpayers for Common Sense, National Taxpayers Union and Americans for Limited Government. The Senate amendment authored by Sen. Diane Feinstein (D-CA) mirrors the Lance bill by eliminating ethanol taxpayer subsidies and tariffs.