Senate Passes Tax Cut Bill with Ethanol Tariff Extension
On December 15, 2010, the Senate passed H.R. 4853, the Middle Class Tax Relief Act, by a vote of 81 to 19. According to press reports, the bill extends the tariff on imported ethanol through 2011. Another press source indicates…
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that the House-passed Currency Reform for Fair Trade Act (H.R. 2378) was not included as an amendment to H.R. 4853 prior to its passage by the Senate. The House is scheduled to begin consideration of Senate-passed H.R. 4853 on December 16, 2010.