FOR IMMEDIATE RELEASE: December 13, 2011
CONTACT: Genevieve Frye Rozansky
Letter to Speaker Boehner and Minority Leader Pelosi Stresses that Ethanol Industry Should Stand on Its Own
Washington, D.C. – Republican Congressman Jeff Flake, who represents Arizona’s Sixth District, along with 73 House Members, sent a letter to Speaker John Boehner and Minority Leader Nancy Pelosi urging them to resist calls to continue, expand, or create new ethanol subsidies in any of the remaining legislative proposals this year.
The volumetric ethanol excise tax credit and the prohibitive import tariff are both set to expire at the end of this year.
“Handing out billions of dollars in federal subsidies to an industry that ought to be capable of standing on its own is fiscally irresponsible,” said Flake. “The ethanol industry has cost taxpayers billions of dollars and been shielded from competition for long enough.”
A copy of the letter can be found here.
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