Senate Votes to End Ethanol Blenders Tax Credit

Cindy Zimmerman

The same amendment to end the ethanol blenders tax credit (VEETC) that failed in the Senate on Tuesday passed today on a vote of 73 to 27. The only difference between the two amendments is that Sen. Dianne Feinstein (D-CA) took the lead on it instead of Republican Tom Coburn of Oklahoma who broke procedure to bring it to the floor last week.

The Renewable Fuels Association calls the vote “disappointing, ultimately inconsequential” since the underlying economic development bill to which this amendment is attached is “unlikely to make it to the president’s desk.” American Coalition for Ethanol (ACE) Executive Vice President Brian Jennings added that the votes are “symbolic and will not become law.” Both organizations note that just last month, the Senate voted to protect tax subsidies for the oil industry.

The Senate is now voting on an amendment by Sen. John McCain that would eliminate federal funding for blender pump infrastructure.

ACE, Ethanol, Ethanol News, Government, RFA