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Senate GOP leader Mitch McConnell has said he expects most Senate Republicans to support the tax bill. Prominent House Republicans back it, too.
Among the energy tax provisions added was an extension through 2011 for the current 45-cent per gallon subsidy for ethanol,[link widoczny dla zalogowanych], at a cost to the Treasury estimated at nearly $5 billion. The issue is of particular interest to lawmakers from Midwestern states with grain crops.
"While this legislation is not as long as we had hoped, it is a commonsense approach that will ensure American ethanol production continues to evolve and new technologies commercialized,[link widoczny dla zalogowanych]," said Bob Dinneen, president of the Renewable Fuels Association.
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