Political Quotes

On the recordDecember 13, 2010
We keep having ethanol referred to as a subsidy. Let me tell you about some of the subsidies that are in this bill because you might think that ethanol is the only one. Think in terms of the research and development tax credit. That is subsidy for big business that has been around for 30 years. Think about the Indian employment tax credit, the subsidy for new market tax credits, the subsidy for railroad track maintenance credit, mine rescue team training credit, the subsidy for employer wage credit for employees who are on Active Duty in the uniformed services, the subsidy for 15-year straight line cost recovery for qualified leaseholder improvements, the subsidy for the 7-year recovery period for motor sports entertainment complexes. I don't quite understand, when there are 72 provisions in this bill that expired on December 31, 2009, and they are just being continued as some of them have been for 30 years, how somebody today is going to say that is bad tax policy and they did not say it over the last 30 years, particularly when it comes to a time when we know we need a balanced alternative energy program.
Said by
Chuck Grassley
Republican · Iowa
Source
govinfo.gov
Dec 13, 2010

Editor's note · Context

Grassley addresses the misconceptions about ethanol subsidies and highlights various subsidies in a bill.

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