As the nation teeters on the brink of default, lawmakers from both parties continue to squabble while others seek to further erode the progress America has made in reducing our reliance on imported oil.
In a letter sent to President Obama today, the Renewable Fuels Association urged the President to take pride in the U.S. ethanol industry, as they detailed the dynamic state of the industry. The letter was prompted by remarks the President made during his Twitter town hall event earlier this week, in which the President seemed to question the commitment of ethanol producers and advocates to innovation.
Earlier this week, Senators Thune, Klobuchar and Feinstein reached a compromise on ethanol tax legislation to end VEETC and use the funds for debt reduction, infrastructure investment, and cellulosic ethanol investment. In this blog post, the RFA explains exactly what this new legislation will consist of and where the ethanol industry will go from here. While this is not the perfect compromise, this bipartisan effort to find common ground is the kind of sensible policy making American voters desperately want from their elected leaders. We greatly appreciate the leadership of Senators Klobuchar and Thune in doggedly pursuing a solution to this impasse.