The American Meat Institute has joined a diverse group of organizations in urging House and Senate leaders to reject efforts to continue or expand federal support for corn ethanol in any appropriations, super committee proposal, or debt reduction package.
In particular, the organizations oppose:
- altering the requirements of the Renewable Fuels Standard in a way that would open the definition of advanced biofuels to include corn-based fuels;
- any expansion of the Alternative Fuels Tax Credit that would allow 85 percent ethanol blends (E85) to qualify for the credit;
- funding for ethanol “blender pumps” or any other ethanol infrastructure projects;
- any extension of the Volumetric Ethanol Excise Tax Credit.
“Any combination of these policies would only serve to expand the market for fuels derived from corn, especially corn ethanol, and exacerbate the many challenges associated with those fuels. Again, we urge you to reject efforts to expand federal support for corn ethanol in any appropriations, tax, or debt reduction package,” the letter concluded.