Press Releases

On Thursday, Congressman Steve Womack—in a bipartisan effort—became an original co-sponsor of H.R. 2307, the Ethanol Subsidy Repeal Act. This bill would repeal the Volumetric Ethanol Excise Tax Credit (VEETC) and eliminate the import tariff on ethanol.

The use of corn for ethanol has more than doubled—driving up the cost of feed for farmers and food for consumers. Prices at these levels are unsustainable and have already resulted in the loss of jobs. If members of Congress fail to support the elimination of these wrongheaded policies, it will undoubtedly lead to additional job loss and further cripple job creation.

Repealing the $0.45 per gallon tax credit and eliminating the $0.54 per gallon import tariff will save tax payers billions of dollars and provide necessary relief to farmers, producers and consumers.

Congressman Womack released this statement:

    "Today I am pleased to join several of my colleagues as an original co-sponsor of H.R. 2307, Ethanol Subsidy Repeal Act.

    “Ethanol does nothing but drive up the cost of feed for farmers and food for consumers. It has proven to be a less than adequate alternative fuel source and though we have these facts in hand, we continue to the practice at the expense of our food supply. That is wrong.

    “Exploring alternative resources is crucial in gaining our independence from foreign resources; however, when an idea fails, we must move onto the next one—rather than continue to reward the bad.”

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