May 9, 2018, Fairfax, Va.—Americans for Limited Government President Rick Manning today issued the following statement praising President Donald Trump for negotiating a deal on ethanol that will allow Renewable Identification Numbers (RINs) to be applied towards exported ethanol:
“President Trump proved he is a deal maker once again by reaching an agreement with ethanol producers and oil refiners. While Americans for Limited Government believes that the RINs credits eliminated altogether and the ethanol subsidy is nothing more corn welfare, the solution negotiated President Trump is an elegant balance between the political interests of corn growers and the economic interests of non-ethanol refineries who have subsidized ethanol production through RINs credits.
“The decision to permit E15 to be sold year-round and allow RINs to be attached to exported ethanol is a victory. Corn farmers get to grow more corn, and oil refiners do not get hit with excessive RINs fees. The President’s plan will likely provide relief for many struggling refineries and give assurance to corn farmers their crops will be sold.
“As we saw with the Philadelphia Energy Solutions bankruptcy, high RINs costs can break a refinery. The President’s actions will ensure thousands of high paying jobs at similar refineries around the nation are safe from the long arm of government overreach. The prior system threatened to destroy parts of the refining industry and the President’s compromise strikes a balance, demonstrating his art of the deal is the real deal.”
Interview Availability: Please contact Americans for Limited Government at 703-383-0880 ext. 106 or at media@limitgov.org to arrange an interview with ALG experts.
###