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With little debate and no opportunity for amendments, the “world’s greatest deliberative body” this week rushed a package of tax breaks through the Senate Finance Committee. The bill, called a tax extenders package, is an affront to the American taxpayer. Only Senators Toomey (R-PA), Coats (R-IN), and Enzi (R-WY) opposed the package. They should be […]
The Senate Environment and Public Works (EPW) Committee held a hearing this week on the Renewable Fuel Standard (RFS). The hearing comes on the heels of the Environmental Protection Agency’s (EPA) proposal to reduce the total volume obligation for 2014. Testifying at the hearing, American Fuel & Petrochemical Manufacturers (AFPM) President Charles Drevna explained some of the flaws […]
A bipartisan trio of Senators, including John Barrasso (R-WY), Mark Pryor (D-AR), and Pat Toomey (R-PA), introduced legislation last week in the hopes of repealing the Renewable Fuel Standard (RFS) in place since 2005. Under that legislation and subsequent revisions, 36 billion gallons of renewable fuels are required to be blended into the country’s transportation […]
Despite the recent hearing on massive fraud connected with the Renewables Fuel Standard, the Senate Finance committee has approved the friendly-sounding “Family and Business Tax Cut Certainty Act of 2012.” Among other provisions, the Act would extend the $1/gallon tax credit for biodiesel producers through 2013, a measure estimated to cost $2.1 billion (in forfeited […]