Washington —The United States has ended a 30-year tax subsidy for corn-based ethanol that cost taxpayers $6 billion annually, and ended a tariff on imported Brazilian ethanol.
Congress adjourned for the year on Friday, failing to extend the tax break that’s drawn a wide variety of critics on Capitol Hill, including Sens. Tom Coburn, R-Okla., and Dianne Feinstein, D-Calif. Critics also have included environmentalists, frozen food producers, ranchers and others.
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how long have they been short is the real question
Yep. Stopping insider trading by Congress is gaining traction.
As it should. It is (insider trading), for lack of a better term, fucking horseshit.
Wow isn’t it amazing how corn put in a massive topping pattern setting up for a big decline, now this “news” (if we can call it that) comes out just in time to confirm the previous trading? Talk about time machines. It is congress which uses time machines to trade the stock market.
I’m sure our congresspersons were “short of corn” going into this thing. We all know they’re financial geniuses, so I am sure they were using the futures market.