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    Diverse Coalition of Industry Groups Blast Senate Corn Ethanol Tax Credit

    Groups decry Senate's decision 'outrageous and shortsighted'

    The Senate has agreed to a tax policy package that includes a one-year extension of the Volumetric Ethanol Excise Tax Credit (VEETC) at its current level of $.45 per gallon.

    In response, a diverse array of organizations representing the food industry, animal agriculture, environmental groups, and budget watchdogs -- complete list for which appears below -- issued the following statement:
     
    “The Senate’s decision to accept a deal to extend for another year the outdated and unnecessary subsidies for the corn ethanol industry is outrageous and shortsighted.  Now it’s time for the House of Representatives - especially the Leadership and the House negotiators on the tax package - to stand up and say no to extending federal corn ethanol subsidies. The federal government should not waste another $6 billion on this needless subsidy. It is bad for the environment, food producers, farmers, and consumers. And at a time when the  budget deficit and national debt have reached a crisis level, bad for the nation’s long-term fiscal health. Enough.”

    The organizations include:
    American Meat Institute
    Grocery Manufacturers Association
    Friends of the Earth
    National Taxpayers Union
    Environmental Working Group
    Competitive Enterprise Institute
    American Frozen Food Institute
    National Council of Chain Restaurants
    National Chicken Council
    National Meat Association
    Milk Producers Council
    Washington State Dairy Federation
    Snack Food Association
    Northwest Dairy Association
    Americans for Limited Government
    ActionAid
    National Wildlife Federation
    American Bakers Association
    National Turkey Federation

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