Jim covered Congress and The White House during the George W. Bush administration for The Washington Times, and worked as a reporter, editorial writer and columnist for newspapers in Pennsylvania, Virginia, and California. He has appeared on the Fox News Channel, CNN, MSNBC, C-Span, and many local and national talk radio shows to talk politics and policy.
Latest posts by Jim Lakely (see all)
- Heartland’s Peter Ferrara on Fox & Friends: This is Trump’s Economy, Not Obama’s - September 19, 2018
- Tim Huelskamp Talks Ethanol, Health Care, and More on The Capitol Hill Show from CPAC - February 28, 2018
- Heartland Daily Podcast: Big Joe Bastardi with Inconvenient Revelations You Won’t Hear from Al Gore - February 17, 2018
Heartand’s Steve Stanek is keeping his eye on the ethanol subsidy that was stuffed into the bill extending the Bush tax rates. Here’s an excerpt from his op-ed titled “Action on Ethanol Will Tell Us if Congress Is Serious about Deficit Reduction”:
We could learn soon – possibly as soon as Monday – if federal lawmakers who say they are serious about fiscal responsibility mean it.
A vote to extend the 2001 and 2003 tax cuts could happen Monday, and the wheeling and dealing to win the necessary votes includes agreements to continue multi-billion-dollar boondoggles. One of the worst would be continuing subsidies to the ethanol industry. …
The government this year has spent $6 billion to subsidize the blending of ethanol into gasoline – that works out to about 45 cents a gallon – and also slaps a 54-cents a gallon tax on ethanol produced outside the country, where producers usually use sugar or other crops to make ethanol less expensively and more efficiently. That tax on foreign-produced ethanol helps enable our domestic producers to continue producing ethanol as inefficiently as they like.
Get fully briefed on this outrage by reading the whole thing.