Political Quotes

“Mr. President, I rise to speak today on behalf of a Coburn-Feinstein amendment that we will be voting on later. It is rare that people in this country who are receiving a tax credit tell us, as servants of the United States, that they do not want the tax credit they are receiving. I think most people in this room are aware that we are spending about $6 billion a year on something called a blenders tax credit. My understanding is that the blenders who receive this tax credit have shared with us that this is a waste of money, and they would like for this to end. So we have an amendment today--and it is at an especially fortunate time for us, at a time when we are having tremendous fiscal issues in this country--we have an amendment before us today to do away with this tax credit, which seems to me to be only something of common sense. I think most people in America know that years ago in Congress we passed a mandate that requires a certain amount of ethanol to be used. So this mandate is already in place. This mandate forces the use of a certain number of gallons of ethanol in this country. But on top of that, our country is now paying 45 cents for every gallon that is blended. Those people who receive this have told us this is unnecessary, that it is a waste of taxpayer money and they do not want it. So the Coburn-Feinstein amendment does away with it.…”