Texas' Cruz tells Iowans he opposes renewable fuel quota

AP News
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Posted: Mar 07, 2015 2:18 PM
Texas' Cruz tells Iowans he opposes renewable fuel quota

DES MOINES, Iowa (AP) — Texas Sen. Ted Cruz is telling Iowa Republicans and agribusiness leaders that he opposes the federal standard for renewable production, including ethanol.

At a forum focused on agricultural issues on Saturday, Cruz likens the federal renewable fuel standard to "corporate welfare."

Cruz tells the audience of roughly 1,000 that he has "every bit of faith that businesses can continue to compete, continue to do well without going on bended knee to the government."

Iowa is the nation's largest producer of ethanol.

A 2007 law increases the volume of ethanol and other renewables blended into transportation fuel to 36 billion gallons by 2022. The federal Environmental Protection Agency in 2013 proposed reducing the increase. Leaders from both parties in Iowa say that would hurt the state's economy.