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New Ethanol Coalition Pushes To Save Tax Credit New Ethanol Coalition Pushes To Save Tax Credit

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New Ethanol Coalition Pushes To Save Tax Credit

October 12, 2011

The ethanol industry is fighting back against the possible expiration of their tax credit at the end of the year with retailers, manufacturers and producers joining a new coalition.

The Coalition for E85 (85-percent ethanol) says that if the tax credit does expire, millions of Flex Fuel vehicle drivers could pay as much as 38 cents more per gallon and the roughly 2,500 small businesses that have invested in E85 could be hurt.

The coalition is also emphasizing that ethanol decreases U.S. reliance on foreign oil and is better for the environment than other fuels.

Members of the coalition include Propel Fuels, Protec, Clean Fuels Development Coalition and other companies in the ethanol industry.
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