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AFBF Urges Credits for Biodiesel, Wind Energy
WASHINGTON - May 26/05 - MFB -- This week the American Farm Bureau Federation (AFBF) urged Congress to back tax incentives that support biodiesel and wind energy, two renewable energies produced and harvested by the nation's farmers.
On Monday AFBF told members of Congress that the many economic and environmental benefits of fueling up with biodiesel, made largely from American-grown soybeans, make that renewable fuel worthy of extended tax credits.
In the House, H.R. 2498, introduced by Reps. Kenny Hulshof (R-Mo.), Earl Pomeroy (D-N.D.), Jim Nussle (R-Iowa) and Ron Lewis (R-Ky.), extends tax incentives for biodiesel production through 2010. Meanwhile, in the Senate, similar legislation, S. 1076, has been introduced by Sens. Jim Talent (R-Mo.) and Blanche Lincoln (D-Ark.).
In letters to all members of the House and Senate, AFBF President Bob Stallman said there are many benefits to using biodiesel.
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