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Keyword: biofuelcredit

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  • Farm-State Senators Agree to End Ethanol Tax Breaks in July

    07/09/2011 7:47:47 AM PDT · by bigbob · 22 replies
    SFGate ^ | 7-7-11 | Alan Bjerga, Jodi Schneider, Ann Hughey
    Senator Dianne Feinstein, a California Democrat, said she has reached an agreement with two farm-state lawmakers to end ethanol subsidies July 31. Feinstein's agreement with Senators Amy Klobuchar, a Minnesota Democrat, and John Thune, a South Dakota Republican, would end a 45-cent-a-gallon ethanol blender tax credit and a 54-cent-a-gallon tariff on ethanol imports that are scheduled to expire Dec. 31. The lawmakers said the proposal, announced today, would reduce the federal budget deficit by $1.33 billion.