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Empresas y finanzas

Senator seeks to cut ethanol credit to 36 cents


    WASHINGTON (Reuters) - Senator Dianne Feinstein will try to offer an amendment to a massive tax bill to cut the ethanol tax credit and import tariff to 36 cents a gallon each, a congressional source told Reuters on Monday.

    The current U.S. ethanol tax credit is 45 cents and the import tariff is 54 cents.

    Senate Majority Leader Harry Reid and Republican Leader Mitch McConnell have not said how amendments will be handled on the bill. A test vote on the package was scheduled for Monday afternoon.

    (Reporting by Tom Doggett and Charles Abbott)