NEWSWATCH

A 30-year old tax credit and protective tariff that benefits ethanol producers will expire at the end of 2010. Citing a report from the Congressional Budget Office which indicates that using ethanol to reduce gasoline consumption by one gallon costs U.S. taxpayers $1.78, a diverse group of food industry leaders, environmental activists and tax activists have

GMA, AMI: END ETHANOL SUBSIDIES

WASHINGTON — A 30-year old tax credit and protective tariff that benefits ethanol producers will expire at the end of 2010. Citing a report from the Congressional Budget Office which indicates that using ethanol to reduce gasoline consumption by one gallon costs U.S. taxpayers $1.78, a diverse group of food industry leaders, environmental activists and tax activists have called on Congress not to renew the ethanol tax-credit program when it expires

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