Common sense would tell you that if something is broken, it should be fixed. However, once again common sense has not prevailed within the Environmental Protection Agency (EPA). Just a few days ago, the EPA denied a waiver of the Renewable Fuel Standard (RFS) for this year. The EPA’s decision to deny much-needed relief to American livestock producers, food producers, and consumers was extremely disappointing. With a steep decline in corn production this year and a sharp increase in corn prices, the economic harm of the RFS is undeniable.
Congressman Bob Goodlatte on Wednesday completed a two-day tour regarding the impacts of the Renewable Fuel Standard, also known as the ethanol mandate, on local livestock producers, food producers, and other businesses.
Concerned about steep increases in commodity prices, Sens. Jim Webb and Mark R. Warner joined a bipartisan letter this week to the Environmental Protection Agency in support of a temporary waiver of the federal ethanol mandate
Rep. Bob Goodlatte’s demand for a waiver to the ethanol mandate is welcome news. But he fails to mention his personal responsibility for the RFS mandate in the first place
A bipartisan group of 12 senators, led by Sens. Jim Webb (D-Va.) and Tom Coburn (R-Okla.), today sent a letter to Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Kent.) urging them to make full elimination of costly ethanol subsidies and tariffs a priority. In June, a measure offered by Sen. Dianne Feinstein [...]
Today, the Senate overwhelmingly approved Sen. Jim Webb’s amendment to eliminate the Volumetric Ethanol Excise Tax Credit and repeal the import tariff on foreign ethanol. The measure, which he co-sponsored with Senators Tom Coburn (R-Okla.) and Dianne Feinstein (D-Calif.), passed with bipartisan support in a 73-27 vote and will save taxpayers $6 billion annually. “Eliminating [...]
Sen. Jim Webb (D-VA) joined Sens. Tom Coburn, M.D. (R-OK) and Dianne Feinstein (D-CA) to introduce the Ethanol Subsidy and Tariff Repeal Act, which will fully eliminate the Volumetric Ethanol Excise Tax Credit (VEETC) and repeal the import tariff on foreign ethanol. The bill is similar to legislation sponsored by Webb earlier this year, and [...]
Sen. Jim Webb, D-Va., yesterday joined Sen. Dianne Feinstein, D-Calif., to introduce legislation that would repeal the 45-cent-per gallon subsidy for corn ethanol blenders, saving the nation approximately $6 billion a year. The bill also lowers the tariff on imported ethanol to match the 45-cent-per gallon subsidy that will remain in place for non-corn, second [...]
U.S. Sen. Jim Webb, D-Va. joined Sens. Dianne Feinstein, D-Calif., and Jeanne Shaheen, D-N.H., yesterday in introducing an amendment to pending tax legislation which would save billions of dollars and redirect funding from ineffective ethanol subsidies and tariffs toward advanced energy technologies and U.S. deficit reduction. “Reducing the ethanol subsidies and trade barriers would reduce [...]