Restaurants to lawmakers: Repeal ethanol tax credit

The National Council of Chain Restaurants and 16 member restaurant chains are urging lawmakers serving on the Joint Select Committee on Deficit Reduction in Washington, D.C., to repeal a federal tax credit for corn-based ethanol producers and a tariff on imported ethanol.

Opponents of the 45-cents-per-gallon tax credit and tariff maintain that the government’s policy to subsidize and support the U.S. ethanol industry has driven up demand for corn, which is used to produce ethanol

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