Coburn: ending the ethanol subsidy is (half?) a tax cut
xpostfactoid.substack.com
I have been intrigued in the past to note that some conservatives characterize reductions in "tax expenditures" -- targeted tax breaks, such as for ethanol production or mortgage interest -- as "spending cuts" rather than as "tax hikes." But Tom Coburn has gotten even more creative. Yesterday, Coburn won the support of 34 GOP senators for an amendment that would end the ethanol subsidy -- a vote he staged as a refutation of Grover Norquist's insistence that every closed-out tax break has to be offset with an equal tax cut. Last week, ratcheting up his months-long feud with Norquist,
Coburn: ending the ethanol subsidy is (half?) a tax cut
Coburn: ending the ethanol subsidy is (half…
Coburn: ending the ethanol subsidy is (half?) a tax cut
I have been intrigued in the past to note that some conservatives characterize reductions in "tax expenditures" -- targeted tax breaks, such as for ethanol production or mortgage interest -- as "spending cuts" rather than as "tax hikes." But Tom Coburn has gotten even more creative. Yesterday, Coburn won the support of 34 GOP senators for an amendment that would end the ethanol subsidy -- a vote he staged as a refutation of Grover Norquist's insistence that every closed-out tax break has to be offset with an equal tax cut. Last week, ratcheting up his months-long feud with Norquist,