Inhofe: Ethanol Subsidies No Big Deal
Sen. Jim Inhofe (R., Okla.) tells National Review Online that he’s not too concerned about the ethanol tax credits in the Obama-McConnell deal.
Instead of criticizing the agreement, he tells us that it is still a “better deal than I ever thought would be struck” and remains “shocked” that Obama agreed to it.
“94 percent of the provisions are meaningful. For people talking about wind and ethanol subsidies, you’re talking about 2 percent of the whole deal,” Inhofe says.
In remarks on the Senate floor earlier today, Sen. John McCain (R., Ariz.) derided the so-called “Hawkeye Handout” before announcing that he would ultimately support the bill.