Reps Crowley, Mack introduce Affordable Food and Fuel for America Act to wind down ethanol tax credits

In Washington, Representatives Joseph Crowley, D-NY, and Mary Bono Mack, R-CA introduced the HR-3187 Affordable Food and Fuel for America Act, designed to phase out government tax credits for corn ethanol over a five-year period. The National Cattlemen’s Beef Association issued a statement commending the sponsors of the legislation, noting that the corn ethanol industry had received government support for thirty years.  A copy of the bill is available here.

According to the USDA Economic Research Service, feed for livestock, poultry and dairy reached cost $45.2 billion in 2008, an increase of more than 15 percent over 2007 prices, despite flat sales.

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