An agreement was announced Thursday by U.S. Senators John Thune (R-S.D.) and Amy Klobuchar (D-Minn.) and Dianne Feinstein (D-CA) that would end the existing 45 cent per gallon Volumetric Ethanol Excise Tax Credit and associated import tariff at the end of this month, reducing the nation’s deficit by $1.3 billion while still providing $668 million for renewable fuel incentives such as blender pumps.
In this “Ethanol Report” interview, Matt Hartwig with the Renewable Fuels Association (RFA) explains what the compromise includes, why the industry supports it, concerns the industry has, and how and when it might become law.
Listen to or download the Ethanol Report here: Ethanol Report on Senate Compromise