Wednesday, December 1, 2010

Are we finally to be rid of ethanol? There is hope.

From Hot Air
End of the line for ethanol?
by Ed Morrisey
Has the federal government’s appetite for ethanol ended? A bipartisan group of Senators signed a letter today calling for an end to subsidies and tariffs designed to protect and enhance domestic production of ethanol, which has been until recently the darling of the alternative-energy movement. In a sign of how far ethanol subsidies have fallen from favor, the letter addressed to both Harry Reid and Mitch McConnell has the signatures of such liberal luminaries as Barbara Boxer, Dianne Feinstein, and the newly-elected Chris Coons:
In a clear sign of momentum against ethanol subsidies, a bipartisan group of more than a dozen senators has signed onto a letter urging Senate leaders to let the subsidies expire during this Congress, a move that could put many officials in a tricky political spot and could even have ramifications for the 2012 presidential raceThe letter, which I obtained from a source, was authored by senators Dianne Feinstein and Jon Kyl, and includes a number of Democrats and Republicans, including John McCain, Susan Collins, Richard Burr, and Mike Enzi. This is key, because the question of whether the subsidies should expire is emerging as a key test — just like earmarks — of whether Republicans are serious about reining in spending and the deficit.

While this issue could divide Dems along regional lines, it’s more directly relevant to the GOP. With leading GOP senators now coming out for letting the subsidies expire, this could up the pressure on Republican senators who backed the subsidies in the past, such as Chuck Grassley and Orrin Hatch, putting them on the wrong side of what may emerge as a key litmus test for the Tea Party and potentially dividing the GOP caucus.
Read more here.  I think it would be a good thing for our food supplies and the extra we are paying for our gas just might go away.

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