CONSERVATIVES FOR CORPORATE WELFARE
Cutting spending in Congress is so difficult because every area of the budget is defended by an army of special interests and perverse alliances that often defy reason and common sense.
Nowhere is this more evident than with the federal government's ludicrous $6 billion subsidy of ethanol, which I and Sen. Ben Cardin, D-MD, have proposed to eliminate. This week on March 09, we introduced in the Senate a Bill To Repeal the Volumetric Ethanol Excise Tax Credit.
Within hours on that very day, the senior political columnist for a conservative newspaper, The Washington Examiner, condemned our bill as "Tom Coburn's Tax Hike." This illustrates why the ethanol subsidy endures despite widespread opposition from the Left and the Right.
On one hand, the Examiner columnist declares, "government support for ethanol is among the most destructive and wasteful giveaways to special interests today." Yet, on the other hand, he says doing away with the subsidy is a "tax-hike" that would leave money in appropriators' pockets, at which point many Republicans run for the hills.
This analysis is inaccurate and destructive on several levels.
