Thursday, December 08, 2011

Ethanol Corporate Welfare recipient gives Newt Big Bucks

WASHINGTON — Former House speaker Newt Gingrich counts the world’s largest ethanol producer as a top donor to his presidential campaign, underscoring the Republican’s deep ties to an industry whose government subsidies he has steadfastly defended even while running as a fiscal conservative.

The political action committee and employees of ethanol maker POET, along with their relatives, donated $20,000 to Gingrich’s campaign to emerge as the No. 2 contributor to his election account, according to the non-partisan Center for Responsive Politics, which tracks money in politics. Only contributions from people associated with RockTenn, a packaging company in Gingrich’s home state of Georgia, ranked higher in the center’s tally of contributions.