Report: Biodiesel tax credit bill expected on Obama's desk by end of May
Things look good for biodiesel in the U.S. Last month, we learned that both the U.S. House and Senate had passed an extension of the $1-per-gallon biodiesel tax credit that lapsed at the end of 2009. Now, the chairman of the House Ways and Means Committee, Sander Levin (D-MI), is saying that his goal is to have a bill reinstating that credit on President Obama's desk by the end of May. The problem, unsurprisingly, is figuring out how to pay for it. Rep. Earl Pomeroy (D-ND) called it was "shameful" that the credit lapsed and that "the hang-up now is that lawmakers have to pay for the bill rather than adding the cost to the budget deficit," writes the Des Moines Register.
[Source: Des Moines Register via Domestic Fuel]
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