Washington, D.C. — The ethanol industry faces a critical test vote in the Senate.
A measure being pushed by Sen. Tom Coburn, R-Okla., to eliminate a 45 cent-per-gallon tax credit for ethanol is given little chance of getting the 67 votes required to add it to a pending small business bill.
But the bill will be a test of support for ethanol in the Senate, and a strong majority could signal that the subsidy can't survive a future vote when a smaller margin would be needed. Sen. Chuck Grassley, R-Ia., says it is important to keep support for Coburn's measure under 60 votes.
Read more