73 House Members say “no more VEETC” ethanol tax credit

December 14, 2011 |

In Washington, 73 House members from both parties have sent a letter to House Speaker John Boehner (R-Ohio) and Minority Leader Nancy Pelosi (D-Calif.) asking them to “allow ethanol subsidies set to expire to do just that and to resist calls to expand or create new ethanol subsidies in the eleventh hour.”

“Congress anticipated the ethanol industry one day being sufficiently mature to stand on its own,” the Congressmen wrote. “It is difficult to make the argument that this day has not arrived. With widespread concern across a spectrum of issues including anti-hunger, fiscal, environmental, agricultural, good governance, and others, extending a billion dollar ethanol tax credit would appear out of the question and the prohibitive import tariff should be allowed to expire as well.”

Print Friendly, PDF & Email

Tags: ,

Category: Policy

Thank you for visting the Digest.