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 Emiel FeinsteinSenate GOP breaks record on confirming Trump picks for key court Deal to fix family separations hits snag in the Senate Election Countdown: Senate, House Dems build cash advantage | 2020 Dems slam Trump over Putin presser | Trump has M in war chest | Republican blasts parents for donating to rival | Ocasio-Cortez, Sanders to campaign in Kansas 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 Sidney McCainControversial Trump judicial nominee withdraws Trump vows to hold second meeting with Putin Ex-Montenegro leader fires back at Trump: ‘Strangest president' in history MORE’s (R-Ariz.) plan to prohibit use of federal funds to build ethanol blender pumps or storage facilities.