US: Three senators agree on ethanol tax credit repeal

Three senators are reported by Reuters to have reached an agreement to repeal the US$6bn-a-year ethanol tax credit by the end of this month, subject to a Congress vote. California Democrat Senator Feinstein said the deal would reduce the federal deficit this year by US$1.33bn and direct US$668m to extend tax Subscribe to Automotive World … Continued

• By Webmaster
• July 8, 2011