Senator Richard Blumenthal (D-CT) issued the following statement today after voting for two amendments that would cut federal funding for ethanol subsidies, ending billions in taxpayer giveaways to huge corporate agribusiness interests:
"Ending the ethanol giveaway to big agribusiness is a first step toward stopping wasteful and costly special interest tax subsidies -- and putting our fiscal house in order. This kind of spending cut, eliminating a sweetheart deal that costs taxpayers billions, will help reduce the debt and deficit, and responsibly rein in government's size."