(Posted Thu. Jul 7th, 2011)
National Corn Growers Association President Bart Schott released the following statement in response to today’s announcement of a bipartisan compromise on ethanol tax incentives. Senators John Thune (R-SD) and Amy Klobuchar (D-MN) have tirelessly led efforts on behalf of the ethanol industry for the past several weeks.
“NCGA is grateful to Senators Thune and Klobuchar for the hard work and dedication they have put in to reaching a final deal. There are many positive components of this compromise that are important to the ethanol industry and rural America. The final compromise reflects both the importance of the ethanol industry to achieve energy independence and the need for fiscal responsibility. The ethanol industry continues to have a positive impact on all parts of America, and we are committed to working with Congress in the future on steps that can move the ethanol industry and the nation’s economy forward.
“At the same time, we call on Congress to level the playing field when it comes to energy policy. Unlike the oil and gas industries, ethanol has been proactively working to reform tax policy affecting the industry and secure a safety net while reducing the overall cost to the federal government.”