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News Coverage

Argus Leader: Fight over ethanol subsidy heats up

Argus Leader, Cody Winchester
Published December 6, 2010

South Dakota's senators are joining what could be a major debate on one of the last items on the lame-duck Congress' agenda: Deciding whether to extend federal ethanol subsidies, which expire this month without congressional action. At issue is the Volumetric Ethanol Excise Tax Credit, which provides 45 cents per gallon for blending ethanol into gasoline, and a tariff on imported ethanol of 54 cents a gallon. Additionally, corn ethanol producers receive 73 cents to provide an amount of biofuel with the energy equivalent to a gallon of gasoline. Last week, Sens. Dianne Feinstein, D-Calif., and Jon Kyl, R-Ariz., sent a letter to Senate leadership blasting ethanol subsidies as "fiscally indefensible and environmentally unwise." The bipartisan letter was signed by 15 senators. Read the entire article here: http://www.argusleader.com/article/20101206/NEWS/12060308/1003/BUSINESS
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