WASHINGTON - U.S. Senator Tom Udall (D-NM) issued the following statement on his vote in support of ending corn ethanol subsidies:
"America no longer needs taxpayer subsidies for corn-based ethanol. It is a mature technology and the Renewable Fuels Standard already ensures that we use ethanol to displace foreign oil."The debate in the Senate over the past several days has shown that Congress must signal that we're prepared to deal with the corn ethanol subsidy by the end of the year. While I believe tax policy should not be changed mid-year, I hope today's vote will put the ongoing bipartisan negotiations on track to update our biofuels policy to focus on developing advanced biofuels, such as algae and cellulosic ethanol, in 2012 and beyond."
