Guess Energy Secretary Sam Bodman's hint about dropping the 54-cent-per-gallon tariff for ethanol was for naught. The massive budget that President Bush presented to Congress today (it's a record $3.1 trillion) does not do away with the tariff, yet. It's set to expire at the end of 2009, and Reuters says that a DOE spokeswoman said the issue will be dealt with later this year. For now, the domestic ethanol industry remains resolutely protected by the feds.

The rest of the budget loves military spending while stripping $196 billion over five years Medicare and Medicaid. Meanwhile, the true cost of the wars in Iraq and Afghanistan were not included in the budget, as White House press secretary Dana Perino admitted to reporters. The budget keeps Bush's bribes tax cuts and the president called it a "a good, solid budget." You can read the entire 3,000-page budget here, if you're so inclined.

Related:
[Source: Reuters]


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X