Ethanol Industry Greets Compromise

New York Times: Any other year, the ethanol industry would have declared a defeat, not a victory. As I mention in Friday’s Times, three senators — one an ethanol opponent and the other two supporters — came up with a grand compromise on Thursday that would end the $6 billion in annual tax credits that go to blenders of ethanol in gasoline and a tariff designed to keep Brazilian ethanol out of the United States. The deal would direct $1.33 billion of that unspent money toward lowering the federal budget deficit......

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