Agricultural News
Reaction to Tax-Unemployment Bill Passage
Wed, 15 Dec 2010 17:33:57 CSTThe Act retroactively extends the biodiesel tax incentive through 2011. Manning Feraci, Vice President of Federal Affairs for the National Biodiesel Board, says - this will help ensure that the nation reaps the job creation, energy security, and environmental benefits associated with the expanded domestic production and use of biodiesel in the coming year.
American Soybean Association President Alan Kemper, a soybean farmer from Lafayette, Indian says - this legislation is crucial to the economic viability of the U.S. biodiesel industry. Biodiesel is a major market for U.S. soybean oil, and has been a key factor in supporting domestic soybean prices in recent years. Kemper encourages - all agriculture supporters to press their Representatives in the House to pass this legislation.
Growth Energy CEO Tom Buis says - extending the current ethanol tax incentives for one year will give Congress the time to act on a plan to build out our nation's renewable fuel infrastructure, as proposed in our Fueling Freedom proposal, and give consumers a choice at the pump that includes clean, renewable American ethanol.
The legislation extends for one year the VEETC and other tax incentives for ethanol. Renewable Fuels Association CEO and President Bob Dinneen, says - this would provide the breathing room necessary to fully vet all the ideas on responsible reform of ethanol tax policy, including ideas on how to accelerate commercialization of advanced and cellulosic ethanol technologies. It also would allow for a thorough conversation on all energy subsidies, including those for fossil fuels.
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