Fourth of July equals fireworks, parades and, if the Brazilian sugarcane growers - represented by UNICA, the Brazilian Sugarcane Industry Association - get their way, a reduced or eliminated ethanol import tariff. UNICA is calling on the U.S. Congress to eliminate the 54-cent tariff on each imported gallon of ethanol. Doing so, they argue, would reduce the cost of using cars for U.S. drivers as UNICA's "Are We There Yet?" campaign will try to prove. After all, UNICA says, the ethanol tariff is a
Guess Energy Secretary Sam Bodman's hint about dropping the 54-cent-per-gallon tariff for ethanol was for naught. The massive budget that President Bush presented to Congress today (it's a record $3.1 trillion) does not do away with the tariff, yet. It's set to expire at the end of 2009, and Reuters says that a DOE spokeswoman said the issue will be dealt with later this year. For now, the domestic ethanol industry remains resolutely protected by the feds.