Today the United States Senate cleared a critical procedural hurdle – opening the way for a vote before the end of the week to extend all ethanol tax policies for another year, including the Volumetric Ethanol Excise Tax Credit at 45 cents a gallon, the small producer’s tax credit and the alternative fuels mixture tax credit.
Growth Energy CEO Tom Buis released the following statement:
“With today’s vote, the Senate took a critical step toward reducing our dependence on foreign oil, creating jobs in the U.S., improving our environment, and strengthening our national security. Extending the current ethanol incentives today will give Congress the opportunity to implement longer term solutions, like our Fueling Freedom Plan, next year.”