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Public Statements

Economic Development Revitalization Act of 2011

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Date:
Location: Washington, DC

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Mr. COBURN. Mr. President, we have introduced into the Record the industry that gets this tax credit--they represent 97 percent of all of the ethanol that is blended--does not want the $3 billion. They say it is not a disruption to them, and, in fact, it is $3 billion that we cannot afford to pay.

It is something that already has accomplished its purpose through a government mandate. I would yield the remainder of my time to the Senator from California, Mrs. Feinstein.

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Mr. COBURN. Mr. President, the reason this amendment ended up the way it is, is because we don't have an open amendment process in the Senate anymore. Rule XXII gives every Senator the right to offer an amendment. We have no Senate unless we have the right to offer an amendment.

There is no usurpation of the power of the majority leader. He gets to set what bills are on the floor. Every Senator has the right to file cloture on their amendments--every Senator. They also have every right to offer amendments.

We would not be in this position if we did not have a closed amendment process instead of an open amendment process. I would like to solve this problem. I recognize that this is going to be blue-slipped anyway. I thank the majority leader for his offer. I do not think it accomplishes what we want. I think we end up losing what we can get and what we should get.

I think the American people deserve to have us take this $3 billion out of the hands of the large oil companies now, not to the benefit of any American except to their detriment and their children.

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