Political Quotes

“Mr. Chairman, included in this bill is a provision drawn from H.R. 3119, the ``Renewable Fuels and Transportation Infrastructure Enhancement Act of 2003.'' This is a proposal which I introduced along with my friend and colleague on the Committee on Ways and Means, the gentleman from Missouri (Mr. Hulshof). I am very pleased that this provision has, through this action, been included in this legislation. The bill restructures the ethanol tax incentive from an excise tax exemption to an excise tax credit, and it eliminates hundreds of millions of dollars of waste, fraud, and abuse by those blending gasoline with ethanol. The provisions attributed to the ethanol tax incentive will add up to $14.2 billion in revenues to the Highway Trust Fund over the 6-year life of the transportation bill. As we wrestle with the size of the highway package, let us keep in mind this provision alone relating to ethanol is generating $14.2 billion in revenues. Therefore, the ethanol proposal will create an additional 674,500 jobs, much-needed jobs, in this economy.”