Reducing Ethanol Protections Won’t Hurt Industry, Report Finds
Submitted by admin on July 24, 2010 – 3:48 pmNo Comment
by Jay Heflin (The Hill)
A new study by the Center for Agricultural and Rural Development shows a reduction in the ethanol tax credit proposed by the House Ways and Means Committee and removing tariffs on the fuel will have a negligible affect on domestic production because mandates require increased use of renewable fuels.
“Allowing the blender credit and tariff to expire would have neither the dramatic, adverse effect U.S. ethanol producers claim nor create the export bonanza foreign producers hope for,” states a release about the report. READ MORE
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