Biodiesel Tax Credit Needed Now
In the general session at Commodity Classic we heard from the President of the American Soybean Association, Rob Joslin. Rob was interviewed by session moderator Mark Mayfield.
Rob says one of his goals has been to visit as many of the ASA state affiliates as he can and he’s over half way there. He thinks it’s important to know what the states are thinking. He says they really need the biodiesel tax credit back in place immediately. He says that’s in a jobs bill in the Senate right now.
You can listen to Rob and Mark below.
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2 Comments
Sukamadek
The tax credit was meant to help a fledgling industry get on it’s feet and stand on it’s own. Needing the tax credit to exist means it is not viable but simply a farm welfare program.
BiodieselFacts
Big oil gets $2 in “government subsidies” for every $1 the entire alt fuels industry gets.
That doesn’t count expenses like $50BB a year just to protect the Straits of Hemus fpr Big Oil to get their tankers through and on and on. Heard of “war for oil”. Who pays for that?
What about solar? It can’t exist without subsidies because coal plants can make electricity much cheaper. Should we shut that industry down too?
You need to see the bigger picture. At some point we have to cleanup our act and somethings are going to cost a little more to do that.
Heard of “cancer alley” in Louisiana? 150 fuel refineries in 100 miles. The highest cancer rates in the country. What does that cost? Of course it has nothing to do with the refineries.
Let alone THEIR KILLING PEOPLE!!!
Also, biodiesel supports over 100,000 American jobs for about $650mm in subsidies.
Beats any jobs bill I’ve seen.
That cost doesn’t include the offset from US revenues generated by the
billions of dollars of American Made clean burning fuel. 16 lbs of CO2 removed for every gallon of biodiesel.
60,000 deaths a year can be directly attributed to the breathing of diesel exhaust.
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