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Industry Groups Unhappy over Ethanol Deal

by 5m Editor
8 July 2011, at 8:19am

US - Livestock and poultry groups have commented on what they describe as a compromise over ethanol taxes.

A coalition of livestock and poultry groups released a statement today regarding the proposed "compromise" on the abolition of the Volumetric Ethanol Excise Tax Credit and the protective tariff on imported ethanol.

Their statement said: "We appreciate the work done by Senator Dianne Feinstein in her effort to end the VEETC and tariff. 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."

Joining the statement were: 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.