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Lawmakers Strike Ethanol Tax Deal Amid House Budget Talks
Senator Chuck Grassley and House Ways and Means Chair Bill Thomas reached a preliminary agreement to place ethanol tax incentives in a highway trust fund bill in 2004. The plan aims to double ethanol production to 5 billion gallons and shift tax incentives from the general fund to transportation funding, aligning ethanol support with other energy incentives.
MENTIONED IN THIS ARTICLE
Iowa
Washington
Chuck Grassley
House
White House
Grassley
Bill Thomas
Calif
Ways and Means Committee
Thomas
Tives
Tax Oversight
Senate Finance Committee
Bush
Dick Cheney
Congress
Highway Trust Fund
Treasury General Fund
General Fund