Word: ethanol
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...setback after a half dozen Republicans lined up with Democrats to defeat a provision which sought to impose new taxes on Indian gambling casinos. In other action, the committee rejected an attempt to increase cigarette taxes for health insurance for poor children and backed Archer's plan to eliminate ethanol subsidies. But the bill's restrictions on education provisions are sure to become the focus of debate with the White House in the coming weeks...
...fact, what was news was that all Riady got in reply to his missive--and a huge contribution to the Democrats--was a half-page kiss-off. That's a very bad ratio of quid to quo. If Bob Dole had been so cavalier about Dwayne Andreas' interest in ethanol subsidies, Andreas might have charged Dole full market price for that Bal Harbour condo...
...campaign trips and vacationed with Andreas in Bal Harbour, Florida; Dole and his wife Elizabeth purchased an apartment there from Andreas. Dole has championed myriad agricultural subsidies that have benefited ADM. With Dole's support, Washington has paid out more than $6 billion in subsidies since 1980 for ethanol, the corn-based fuel that ADM makes; it holds a 65% share of the $1.5 billion ethanol market...
...Diego, the news was particularly unwelcome for Republican presidential nominee Bob Dole, a longtime friend of Dwayne Andreas. Since 1979, Dole has received more than $475,000 from Andreas, his company and members of his family. In exchange, Dole is believed to have helped pass tax subsidies for ethanol, a corn-based fuel, and to have championed the sugar-price support program that benefited ADM' s high-fructose corn syrup market. the Dow's best performance ever. Lamia Abu-Haidar
Dole has for years been famously tight with contributor Dwayne Andreas, the chairman of agribusiness giant Archer Daniels Midland. Andreas, along with his company and members of his clan, has provided more than $475,000 for Dole's operations since 1979. Dole has proudly called himself "Senator Ethanol" in honor of the corn-based fuel that ADM produces and that Dole has long protected with tax subsidies. But Dole has also played a crucial role in making the sweetener market profitable for ADM by championing the sugar price-support program. ADM is the world's largest producer of high-fructose...