Obama official slams Senate vote against ethanol tax credit

“The Administration supports efforts currently underway in the Senate to reform and modernize tax incentives and other programs that support biofuels. However, today’s amendments are not reforms and are ill advised. They will lead to job loss as our nation begins its economic recovery and pull the rug out from under industry, which will lead to less choice for consumers and greater dependence on foreign oil.”

“We need reforms and a smarter biofuels program, but simply cutting off support for the industry isn’t the right approach.  Therefore, we oppose a straight repeal of the Volumetric Ethanol Excise Tax Credit (VEETC) and efforts to block biofuels infrastructure programs.”

The Senate voted 73-27 in favor of Sen. Dianne FeinsteinDianne FeinsteinFlynn refusal sets up potential subpoena showdown No. 2 Senate Republican downplays holding contempt vote on Flynn Congress urges Trump administration to release public transit funding MORE’s (D-Calif.) amendment to end the ethanol blender’s credit and the ethanol import tariff.

But lawmakers voted 41-59 against Sen. John McCainJohn McCainManchester attack will change focus of Trump’s NATO meeting Republicans give Trump's budget the cold shoulder Overnight Defense: Trump budget gets thumbs down from hawks | UK raises threat level after Manchester attack | Paul to force vote on 0B Saudi arms deal MORE’s (R-Ariz.) plan to prohibit use of federal funds to build ethanol blender pumps or storage facilities.