WASHINGTON – US livestock and poultry groups partnered to release a statement on July 7 regarding the proposed “compromise” on abolishing the Volumetric Ethanol Excise Tax Credit (VEETC) and the protective tariff on imported ethanol. Although appreciative of efforts made, the coalition does not want federal funds in any amount going to the corn-based ethanol industry.
“We appreciate the work done by Sen. Dianne Feinstein in her effort to end the VEETC and tariff,” the coalition statement said. “However, the resulting compromise still provides new federal funds for corn-based ethanol, money that would be better spent reducing the deficit or encouraging the development of energy sources that do not compete with feed needs.”
Associations signing the statement include the American Meat Institute, California Dairies Inc., National Cattlemen’s Beef Association, National Chicken Council, National Meat Association, National Pork Producers Council and the National Turkey Federation.