King: GOP House Good for Ethanol, Biodiesel Tax Cuts
Republicans taking control of the U.S. House is good for the chances of the federal ethanol and biodiesel tax breaks seeing renewal … that’s according to a GOP member from Iowa.
AgriNews.com reports that U.S. Rep. Steve King also believes that this Congress will have a lot more members who are from agricultural areas … also a positive trend:
“That bodes well for the future of agriculture in the country,” King said. “We will have people in Congress who know something about agriculture.”
King said extending the tax credit for ethanol and reinstating the biodiesel tax credit are more likely to happen with Republicans controlling the House.
“I’ll be pushing hard on that,” King said.
We’ve heard lots of promises on this before. Let’s see what happens.
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King: GOP House Good for Ethanol, Biodiesel Tax Cuts – Domestic Fuel
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rtist48
It may be true that a Republican U.S. House will reinstate the biodiesel tax credits, which would be great. The truth is reinstating the biodiesel tax credits hasn’t been a problem for the Democratic controlled U.S. House attached the tax credits to at least two Bills which were passe and sent to the Senate.
The real problem has been passing the biodiesel tax credits in the Democratic controlled Senate where both Bills containing the tax credit have been filibustered by the Republican minority party.
The question is will the House Republicans send a non toxic Bill containing the biodiesel tax credits to the Democratic controlled Senate that the will make it to the Senate floor.
Deficit Commission Report a Sobering Reminder on US Ethanol Policy Reform – RenewableEnergyWorld.com (blog)
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Advanced BioFuels USA » King: GOP House Good for Ethanol, Biodiesel Tax Cuts
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