As total
repeal of the ethanol renewable fuel standard is unlikely, a compromise has been crafted that CFACT advisor Marita Noon says would go a long way toward minimizing the problem from over-zealous government intervention in the vehicular fuel marketplace.
Not exact matches
Over the past few years the EPA has been lobbied by a diverse assortment
of industry groups to
repeal the
ethanol mandate, and policymakers have supported that with introduction
of legislation.
Renergie looks forward to working closely with the Obama - Biden administration to: (a) reduce U.S. dependency on imported oil; (b)
repeal the
ethanol import tariff; (c) maximize the environmental benefits
of ethanol - blended transportation fuels; and (d) create jobs in rural areas
of the United States by growing
ethanol demand, specifically hydrous
ethanol demand, beyond the 10 % blend market.
The dispute is over conservative support for a bill that would
repeal the
ethanol tax credit, which has the effect
of raising an industry specific tax.
In a letter to Mr. Coburn, a deputy
of Mr. Norquist writes: «
Repealing the
ethanol credit is the right thing to do, but other taxes must be reduced in the same legislation by at least this much to prevent a net tax increase.»