Hey boy, get a sweater!
The Senate voted today 73 - 27 to eliminate the federal subsidy for domestic ethanol AND eliminate the $0.54 per gallon tariff on imported ethanol!
Before anyone gets too excited though, the Obama administration is not pleased:
"The White House issued a statement saying it was against a full repeal of ethanol subsidies, indicating it could use its veto power if the amendment continued to advance in Congress."
So I guess it's not expected to pass the House with a 2/3 majority?
Even so, kudos to the world's greatest deliberative body for actually getting one right for a change.