Livestock, poultry groups comment on ethanol tax ā€˜compromiseā€™

A coalition of livestock and poultry groups released a statementĀ 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:Ā 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.

A coalition of livestock and poultry groups released a statement regarding the proposed ā€œcompromiseā€ 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 Cattlemenā€™s Beef Association, National Chicken Council, National Meat Association, National Pork Producers Council and National Turkey Federation.

ā€œWe appreciate the work done by Senator Dianne Feinstein in her effort to end the VEETC and tariff,ā€ the coalition statement said. ā€œHowever, 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.ā€

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