Vermont congressman wants end to ethanol subsidies - Trade Only Today

Vermont congressman wants end to ethanol subsidies

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Rep. Peter Welch, D-Vt., joined Vermont sportsmen and small-business owners at a Lake Bomoseen press conference Thursday in calling for an end to ethanol subsidies.

“It simply doesn’t make sense for taxpayers to continue subsidizing a mature and profitable industry, especially at a time when congressional leaders are proposing drastic cuts in fuel assistance, student loans, high-speed rail and Medicare,” Welch told the website VTDigger.org. “I’m also hearing from Vermonters that ethanol is damaging the engines to boats, chainsaws and lawnmowers. It is high time we end this unnecessary subsidy.”

Barbara Woodard, of Woodard Marine, was among those at the press conference.

“Ethanol means that people who have the older equipment spend more money to maintain it,” she said. “This is one more barrier for families that want to head out and enjoy the water.”

Welch is a co-sponsor of the Repeal Ethanol Subsidies Today Act (H.R. 1188), which would terminate subsidies to the industry.

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