The Senate agreed Thursday to do away with an ethanol tax credit, a pivotal sign of waning support for industry subsidies amid mounting concerns over deficit spending and the nation's mounting debt.
The 73-27 vote to advance the proposal drew support from across party lines as farm state senators found little backing for the tax break that government accountants have called duplicative and unnecessary.
The 73-27 vote to advance the proposal drew support from across party lines as farm state senators found little backing for the tax break that government accountants have called duplicative and unnecessary.
Andrew Stiles summarizes the Tom Coburn-Grover Norquist fight well
here.
The other unexpected development Thursday night? "AARP, the powerful lobbying group for older Americans, is dropping its longstanding opposition to cutting Social Security benefits, a move that could rock Washington's debate over how to revamp the nation's entitlement programs."
The other unexpected development Thursday night? "AARP, the powerful lobbying group for older Americans, is dropping its longstanding opposition to cutting Social Security benefits, a move that could rock Washington's debate over how to revamp the nation's entitlement programs."
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