Senate Democrats renewed calls to repeal the Volumetric Ethanol Excise Tax Credit, or VEETC, as part of a deficit reduction deal. The Republican leadership has remained steadfastly opposed to eliminating any and all tax incentives, despite many GOP members expressing support for the repeal. Sen. Tom Coburn (R-OK), one of the Senate's leading proponents of repealing the VEETC, has estimated a $6 billion per year cost for the subsidy, set to expire at the end of 2011. Meanwhile, Senator Amy Klobuchar (D-MN) and fellow Senate negotiator John Thune (R-SD) authored a bill (S. 1185), which seeks a repeal of the VEETC, but includes language extending a contentious $1.01-per-gallon tax credit for cellulosic biofuels and an expansion of that tax credit to algae-based biofuels.