Colorado Corn
Cultivating Opportunities
Tag: VEETC
Amendment to Repeal VEETC Fails
NCGA Appreciates Senators Standing Up for Rural America in Coburn Vote
WASHINGTON (June 14, 2011) -- The National Corn Growers Association today thanked the many senators who stood up against Sen.Tom Coburn’s amendment to immediately repeal the Volumetric Ethanol Excise Tax Credit. The amendment, which needed 60 votes to pass, failed on the Senate floor with 59 votes against and only 40 votes in favor.
“We greatly appreciate the strong message senators sent Sen.
The Politic$ of Sen. Coburn's Anti-Ethanol Efforts
For those that thought the influence of Big Oil on Capitol Hill might have waned in the aftermath of the BP oil spill…think again. For proof, one need not look any further than the efforts of Senator Tom Coburn (R-OK) and 15 of his Senate colleagues to end investment in America’s ethanol industry. From 2005-2010, this Gang of 16 received more than $4 million in political contributions from the oil and gas industry. For his part, Sen.
House Panel Questions Future of U.S. Biofuel Use
Washington— A House committee questioned the slow development of advanced biofuels like cellulosic ethanol.
In 2007, Congress required the nation to use 21 billion gallons of advanced biofuels by 2022 — including 16 billion gallons of cellulosic ethanol and at least 1 billion gallons of bio-diesel.
Ethanol Tax Credit Voted One Year Extension
Congress voted last night to pass the one-year extension of the Volumetric Ethanol Excise Tax Credit, VEETC, also known as the ethanol blender’s credit. The extension was supported by Colorado Corn and was one of the National Corn Growers Association’s highest priorities for 2010.
Failing to renew VEETC would potentially have harmed the nation’s rural economy and provided a setback to the ethanol industry.
CALL FOR AN END TO TAX CREDITS FOR ETHANOL-"INEQUITABLE AND SHORTSIGHTED"
The ethanol tax credit, known commonly by its congressionally-bestowed acronym, "VEETC" (the "Volumetric Ethanol Excise Tax Credit" ) is the tax credit many conservatives and liberals alike love to hate. Both sides, however, would be well-advised to push aside ideologically-based peeves for the time being, and support extension of the credit beyond its scheduled December 31st expiration.
Strike While the Iron is Hot: Contact Your Elected Officials this August
|
During the month of August, members of Congress return to their states and districts to hear from their constituents. Now is the perfect time for growers to contact their representatives and senators to speak out about legislation important to American agriculture. |
NCGA Disappointed, but Hopeful on Senate Energy Legislation
In the wake of the Senate’s announcement Tuesday afternoon that it would not move forward on energy legislation until September, the National Corn Growers Association has reiterated its stance on the importance of extending ethanol incentives.
“NCGA is disappointed that the Senate will not consider an energy package until at least September,” said NCGA First Vice President Bart Schott.
Current News
Colorado Corn honors legislator, Beef Battalion, others
(l-r) Jon Fort, Byron Weathers, Bill Broadie, Mike Lefever
Company of the Year – T
