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Agreement reached on ethanol taxes in energy talks
Lawmakers from House and Senate Republicans reach a deal on corn based ethanol taxes seen as key to advancing a broad energy bill. The agreement would end the 5.2 cents per gallon tax break for ethanol blended gasoline and add about two billion dollars annually to the highway trust fund, with credits to refiners or blenders. Democrats warn they will resist rushing the measure without changes and note ongoing disputes over highway funding and ethanol credits.
MENTIONED IN THIS ARTICLE
H. Josef Hebert
Associated Press
Washington
House
Senate
Congress
Bush
Sen
Byron Dorgan
D-N.d
Ron Wyden
Ore
Dennis Hastert
Iowa
Hastert
White House
Dick Cheney
GOP
Charles Grassley
U.S. Treasury
Tom Daschle
South Dakota
Thomas
Ways and Means Committee
Grassley