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Senate Proceeding on Jun 16th, 2011 :: 1:36:55 to 1:41:55
Total video length: 7 hours 37 minutes Stream Tools: Stream Overview | Edit Time

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Bob Corker

1:36:44 to 1:37:04( Edit History Discussion )

Bob Corker: quorum call: mr. corker: mr. president? the presiding officer: the senator from tennessee is recognized. mr. corker: are we in a quorum call at the present time? the presiding officer: yes, we are. mr. corker: mr. president, i would like to consent to vitiate the quorum call. the presiding officer: without objection, so ordered. mr. corker: thank you, mr. president. i rise to speak today on behalf of the coburn-feinstein

Bob Corker

1:36:55 to 1:41:55( Edit History Discussion )
Speech By: Bob Corker

Bob Corker

1:37:05 to 1:37:25( Edit History Discussion )

Bob Corker: amendment that we'll be voting on later. mr. president, it is rare that people in this country that are receiving a tax credit tell us, as servants of the united states, that they don't want the tax credit that they're receiving. i think that most people in this room are aware that we're

Bob Corker

1:37:26 to 1:37:46( Edit History Discussion )

Bob Corker: spending about $6 billion a year on something called a blenders' tax credit. it is my understand pg the blenders who receive this tax credit have shared with us that this is a waste of money and they'd like for this to end. so we have an amendment today at an especially fortunate time for us, at a time when we're having tremendous fiscal issues in this

Bob Corker

1:37:47 to 1:38:07( Edit History Discussion )

Bob Corker: country -- we have an amendment before us today to do away with this tax credit, which seems to me to be only something of common sense. i think most people in america know that in congress years ago we passed a mandate that requires a certain amount of ethanol to be used in our country.

Bob Corker

1:38:08 to 1:38:28( Edit History Discussion )

Bob Corker: and so this mandate already is in place. this mandate forces the use of certain numbers of gallons of ethanol in this country. but on top of that, our country is now paying 45 cents for every gallon that's blended. and those people who receive this have told us that this is

Bob Corker

1:38:29 to 1:38:50( Edit History Discussion )

Bob Corker: unnecessary, that it's a waste of taxpayer money, and that they do not want it. and so the coburn-feinstein amendment does away with this. it also does away with a tariff where importers who import ethanol in our country now pay a tariff which actually raises the price of ethanol -- actually

Bob Corker

1:38:51 to 1:39:12( Edit History Discussion )

Bob Corker: raises what people are now paying at the pump because they have to pay a tariff to import this into our country; it does away with that tariff. so, mr. president, this is a very commonsense amendment. i certainly thank senator coburn and senator feinstein for offerings this amendment at a time when our country is in such

Bob Corker

1:39:13 to 1:39:35( Edit History Discussion )

Bob Corker: financial straits. it's rare that we have something like this, again, that those people who actually receive this credit would like to do away with. i know it's been argued, mr. president, that at the end of this last year we all voted for certain tax issues. that's an interesting argument, except that what happens at the

Bob Corker

1:39:36 to 1:39:56( Edit History Discussion )

Bob Corker: end of the year, we do this en masse, and there are minor provisions within this package that we have no opportunity to take out. and so here this massive group of tax credits come to us. we have to vote up or down on a package of them that's huge, that has all kinds of tax provisions in it, and so there

Bob Corker

1:39:57 to 1:40:18( Edit History Discussion )

Bob Corker: are some people in this room that have said, well -- or in this body that have said, well, but we just voted this in place. well, we vote add package in place, but many of us for years have argued that this tax credit is redundant, we've argued that it is a waste of taxpayer money,

Bob Corker

1:40:19 to 1:40:39( Edit History Discussion )

Bob Corker: we've argued that with the mandate in place, there's absolutely no need for this, and the tariff that goes along with this, where we pay for imports ethanol, we pay more for that because of this tairvetion is absolutely a burden to american -- because of this tariff, is absolutely a burden to american consum certainly to american taxpayers.

Bob Corker

1:40:40 to 1:41:01( Edit History Discussion )

Bob Corker: i thank the senators for offering this amendment of i look forward to supporting this amendment. this is one of those amendments -- sometimes we vote on things down here that candidly are rather mundane. this is one of those amendments that i not only support, i support with tremendous enthusiasm and energy, and i urge all those in the united states senate to support this

Bob Corker

1:41:02 to 1:41:22( Edit History Discussion )

Bob Corker: very commonsense amendment that does something that is responsible for consumers in this country, that does something that is responsible for taxpayers in this country, and obviously will make our country stronger, if it passes. i have a sense it may. i urge those on the floor to please consider it, if they're now in the middle ground and

Bob Corker

1:41:23 to 1:41:43( Edit History Discussion )

Bob Corker: haven't made a decision. and with that, mr. president, i yield the floor thank you. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll.

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