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Senators Unveil Bipartisan Deal to End Ethanol Tariff

by Leticia Phillips on Jul 11, 2011

Congress took another important step toward establishing a global market for clean energy last week. A bipartisan group of farm-state senators and ethanol critics unveiled a compromise agreement on Thursday to end the ethanol tax credit and import tariff later this month, apply most of the $2 billion saved to deficit reduction and divert the remaining funds to support advanced biofuels and alternative fueling infrastructure. The proposed deal provides further evidence that lawmakers are committed to ending these costly and unnecessary subsidies already set to expire on December 31, 2011. Read More

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