Mar 09 2011
Dear Senators Coburn and Cardin:
We strongly support your legislation, the Volumetric Ethanol Excise Tax Credit Repeal Act, to end the refundable Volumetric Ethanol Excise Tax Credit (VEETC).
If enacted immediately, your legislation would save taxpayers nearly $4 billion over the remainder of 2011. Non-partisan agencies like the Congressional Budget Office and the Government
Accountability Office have already concluded that the subsidy is unnecessary, and leading economists agree that ending it would have little impact on ethanol production, prices or jobs.
We applaud you for your leadership on this important issue and encourage Congress to pass this legislation swiftly.
American Bakers Association
American Meat Institute
Americans for Limited Government
California Dairies, Inc.
Clean Air Task Force
Clean Water Action
Competitive Enterprise Institute
Dairy Producers of Utah
Environmental Working Group
Friends of the Earth
Grocery Manufacturers Association
International Dairy Foods Association
League of Conservation Voters
Maryknoll Office for Global Concerns
PLANT (Partners for the Land & Agricultural
Needs of Traditional Peoples)
Milk Producers Council
National Chicken Council
National Council of Chain Restaurants
National Meat Association
National Restaurant Association
National Taxpayers Union
National Turkey Federation
National Wildlife Federation
Natural Resources Defense Council
Northwest Dairy Association
Snack Food Association
Southeast Milk Inc.
Union of Concerned Scientists
Taxpayers for Common Sense
World Wildlife Fund
(PDF version of the letter here)