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Coburn vs. Big Corn

June 14, 2011 - by Donny Shaw

Sen. Tom Coburn [R, OK] has stuck his neck out and is forcing a vote today on an amendment (identical to S.871) to repeal ethanol tax subsidies. Ethanol subsidies cost the government atlas $5 billion per year and they are opposed by groups like the Sierra Club and Clean Water Action on environmental grounds and by groups like Koch Industries on grounds that they distort energy market forces. On the other side, however, are Big Ag corporations like Monsanto, whose Roundup-resistant-corn-seed sales have skyrocketed under the subsidies, and they seem to be winning.

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