The political payola includes a tax break for race horses for friends of Senate Minority Leader Mitch McConnell, timber interest friends of Senate Finance Chairman Max Baucus, and a refusal to cut or cap subsidy payments to higher-dollar farmers making more than $200,000 a year.
It did cut the ethanol subsidy from 51 to 45 cents per gallon, but in today’s fuel prices, the Senate could have passed a more comprehensive rider eventually phasing out the subsidy.
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