Ethanol supporters in Congress try to prevent a repeat of biodiesel mothballing
Dan Looker – Successful Farming – 4/20/2010
Four months after a $1-per-gallon biodiesel tax credit expired, putting some 29,000 out of work in that industry, backers of the ethanol industry are trying to prevent that from happening on an even larger scale.
Ethanol’s 45 cent-a-gallon credit, known as the Volumetric Ethanol Excise Tax Credit (VEETC), expires at the end of this year.
Tuesday, Senators Chuck Grassley (R-IA) and Kent Conrad (D-ND) introduced a bill to extend VEETC through 2015. It would also extend a tariff on imported ethanol.
Grassley told reporters that some 112,000 jobs in the ethanol industry are at risk if the tax credit and tariff are allowed to expire.
“I don’t think we can risk a repeat performance with ethanol like we had with biodiesel,” he said.
There doesn’t seem to be much organized opposition to renewing the biodiesel tax credit, but under new pay-as-you-go rules intended to keep the federal deficit from growing even more, Congress has to find offsetting budget savings or higher taxes to pay for the biodiesel credit.
Grassley said Tuesday that the House Ways and Means Committee is looking for ways to offset the biodiesel credit.
The new 5-year tax credit extension for ethanol might also need offsets. Grassley said Tuesday that he doesn’t know where they would come from.
Unlike biodiesel, the ethanol industry does face opposition to extending VEETC and the tariff.
In March, Representatives Earl Pomeroy (D-ND) and John Shimkus (R-IL) introduced a similar bill in the House of Representatives to extend the ethanol tax credit for five more years. That bill has already drawn opposition from the American Meat Institute, Grocery Manufacturers of America, Natural Resources Defense Council, Taxpayers for Common Sense and others. […]
The bill Grassley and Conrad introduced today, the Grow Renewable Energy from Ethanol Naturally Jobs Act of 2010, or the GREEN Jobs Act of 2010, is cosponsored by Senators John Thune (R-SD), Ben Nelson (D-NE), Mike Johanns (R-NE) and Tim Johnson (D-SD).
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Latvia urging UK to ‘prepare for war’ with Russia
By Lucas Leiroz | March 18, 2024
The Baltic countries continue their “preparation for war with Russia.” Now, as if it were not enough to engage in a suicidal militarization campaign, Latvia is also demanding that the main NATO countries, such as the UK, also begin adopting radical measures to prepare for the “inevitable” confrontation with Moscow. The main Latvian criticism of the British concerns the military service, with the Baltic country asking the UK to immediately resume conscription policies to increase the size of its forces.
Latvia’s foreign minister, Krisjanis Karins, stated that all NATO countries should follow the Latvian example when it comes to military preparation. According to him, it is necessary to implement special militarization measures and improve defense capacity in the face of the supposed “Russian threat”, which is why Western countries should unite in a common military policy. Karins believes that not all NATO states are efficiently engaged in this military preparation process. In this regard, he criticizes even the stance of key countries in the bloc, such as the UK.
Karins was asked by a journalist from The Telegraph about whether London should adopt mandatory military service for its citizens. He resolutely responded that Latvia “strongly recommends” such an attitude. According to Karins, Latvia is developing a system called “total defense”, in which all the country’s efforts are directed towards expanding military capacity. Efforts include all sectors of civil society, thus requiring a system of total mobilization within which mandatory military service is vital. … continue
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