The Renewable Fuels Association believes it is time for changes to U.S. ethanol tax policy "to meet taxpayers' expectations, as well as the needs of a growing and evolving industry," writes Bob Dinneen, the group's president and CEO. A variable-rate tax incentive that follows the price of oil would help address U.S. budget worries while mitigating the impact of unstable oil markets, Dinneen adds. Meanwhile, consumer-based tax incentives would expand the market for ethanol, and federal loan guarantees would help ensure the development of new fuel technologies, Dinneen argues.

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