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ADM May be Potential Tax Break Winner

Reinstating tax extenders could be boon to biofuel and short-line railroad industries

2009 ADM Media Tour 251

US lawmakers are negotiating a potential revival of expired tax breaks for companies including Archer Daniels Midland Co. (ADM) in last-minute negotiations over a government spending bill, reports the Herald & Review.

The talks, which were held on Saturday, are focused on reinstating the so-called tax extenders, a move that could be a boon to the biofuel, alcoholic beverage and short-line railroad industries that were hoping to see renewal of valuable credits and deductions, according to a person familiar with the discussions.

Senate Finance Committee Chairman Charles Grassley is leading the negotiations.

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