Livestock, poultry groups comment on ethanol tax ‘compromise’

A coalition of livestock and poultry groups released a statement regarding the proposed “compromise” on abolition of the Volumetric Ethanol Excise Tax Credit and the protective tariff on imported ethanol. Groups issuing the statement include: American Meat Institute, California Dairies Inc., National Cattlemen’s Beef Association, National Chicken Council, National Meat Association, National Pork Producers Council and National Turkey Federation.

“We appreciate the work done by Senator Dianne Feinstein in her effort to end the VEETC and tariff,” the coalition statement said. “However, the resulting compromise still provides new federal funds for corn-based ethanol, money that would be better spent reducing the deficit or encouraging the development of energy sources that do not compete with feed needs.”