Political Quotes

“I ask unanimous consent that reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To repeal the Volumetric Ethanol Excise Tax Credit) At the end, add the following: TITLE __--ETHANOL SUBSIDIES AND TARIFF REPEAL SEC. _01. SHORT TITLE. This title may be cited as the ``Ethanol Subsidy and Tariff Repeal Act''. SEC. _02. REPEAL OF VEETC. (a) Elimination of Excise Tax Credit or Payment.-- (1) Section 6426(b)(6) of the Internal Revenue Code of 1986 is amended by striking ``December 31, 2011'' and inserting ``the later of June 30, 2011, or the date of the enactment of the Ethanol Subsidy and Tariff Repeal Act)''. (2) Section 6427(e)(6)(A) of such Code is amended by striking ``December 31, 2011'' and inserting ``the later of June 30, 2011, or the date of the enactment the Ethanol Subsidy and Tariff Repeal Act''. (b) Elimination of Income Tax Credit.-- (1) In general.--The table contained in section 40(h)(2) of the Internal Revenue Code of 1986 is amended-- (A) by striking ``2011'' and inserting ``the later of June 30, 2011, or the date of the enactment of the Ethanol Subsidy and Tariff Repeal Act'', and (B) by adding at the end the following: ``After such date................................. zero zero''.…”