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Vilsack supports ethanol tax credit extension
Source : feedstuffs.com
To meet the 36 billion gallon Renewable Fuels Standard goal, Secretary of Agriculture Tom Vilsack said: "We need to work harder and faster." In a speech at the National Press Club Thursday, Vilsack said incentives are important to increasing biofuels development and they need to continue. Specifically he called on Congress to reinstate the Biodiesel Product Tax Credit which expired at the end of last year. In addition, he called for a "fiscally responsible short-term extension of the Volumetric Ethanol Excise Tax Credit" which expires at the end of the year. Livestock and taxpayer groups have voiced opposition for an extension and want the tax credit to expire as scheduled. Vilsack also said ethanol policy reforms are needed to make it "more efficient and effective at addressing the full range of challenges we face in meeting our goals for traditional and next generation biofuels". He said incentives aren't enough and efforts need to include identifying additional feedstocks and discovering more efficient production processes.
read more ...
22 October 2010 |
Politics ::
Biofuels ::
United States & Canada
The information in this section is subject to a disclaimer.
Articles regarding the United States & Canada (642 articles)
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