ethanol tax credit would end this month under deal linked to debt-ceiling talks

摘要

Three key senators from both sides of the aisle struck na deal last week to end federal tax credit for ethanol fuels nby the end of this month, saying eliminating the subsidies nwould help reduce the US’ massive budget deficit.nThe agreement reached by Senators Dianne Feinstein, nDemocrat-California, Amy Klobuchar, Democrat-Minnesota nand John Thune, Republican-South Dakota, represents a ncompromise approach between lawmakers who wanted an nimmediate end to ethanol subsidies, and others who wanted na gradual phase-out over several years.