Looming US ethanol tax credit expiry prompts competing Senate efforts

摘要

New York — Ethanol advocates Wednesday pleaded their case for an extension of the US blender tax credit and import tariff, a day after another group of legislators called an extension "fiscally indefensible." The 45 cent/gal ethanol blender tax credit, which effects demand for that product, expires at year-end. The 54 cents/gal import tariff, which works against competing supply from Brazil, will also expire. A war of words over the expiries has been raging since Congress returned for a lame-duck session.