On the recordMarch 30, 2011
Well, since we started the blenders' credit, the American people have spent $32 billion on it. And it is fine for us to look for alternatives, and I think it is great. I would like for them to convert corn to butanol instead of ethanol because it burns a whole lot better, it is more efficient, it does not pollute as much, it burns like regular gasoline, and it is not water-soluble, so it can be transported like other petroleum products. I would like to see them go there, and I think they are eventually going to go there. But the fact is, markets work, and we are playing with markets--and the reason we have such an objection to this is because we probably have the votes to win it and they know it. So I have pulled it out. But, more importantly, there is another $15 billion of amendments I would like to offer that are common sense, that a good portion of the American would absolutely agree with, and we do not have people who want to have a vote on that. They do not want to stand up and do their jobs. I will read into the Record a letter from Charles Drevna, president of the National Petrochemical and Refiners Association. Senator Coburn. NPRA, the National Petrochemical and Refiners Association, writes today in support of your efforts to end the Volumetric Ethanol Excise Tax Credit through both amendment number 220 to S. 493, the SBIR reauthorization bill, and the bill you recently introduced with Senator Cardin, S. 520.…





