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Governors' Biofuels Coalition
NEWS UPDATE December 17, 2014

Senate clears tax break package

By Bernie Becker and Ramsey Cox, The  •    •  Posted December 17, 2014

The Senate cleared a $41.6 billion package of tax breaks on Tuesday, sending the legislation to President Obama in one of the last substantive moves of this Congress. By a 76 to 16 vote, the Senate passed a measure that would extend more than four dozen tax breaks for both businesses and individuals just through 2014. Republicans and Democrats latched on to the one-year deal after the White House undercut negotiations on a broader bipartisan package, underscoring divisions between Democrats in the wake of this year’s heavy losses at the polls. Senators from both parties said Tuesday that they would have preferred legislation that restored the tax breaks through 2015. [ read more … ]

In Final 2014 Push, Congress Renews Tax Breaks

By THE ASSOCIATED PRESS  •    •  Posted December 17, 2014

Banks, retailers, commuters and teachers will keep their temporary tax breaks for another year after Congress gave final approval Tuesday to a massive tax package affecting millions of businesses and individuals. The last-minute bill would extend the expired tax breaks through the end of the year, enabling taxpayers to claim them on their 2014 tax returns. Beyond this year, their fate will once again be uncertain. The package now goes to President Barack Obama, who is expected to sign it. It would add nearly $42 billion to the budget deficit over the next decade, according to congressional estimates.
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BPC Proposes Suite Of RFS Reforms But Sees Host Of Hurdles

By John Siciliano, Inside EPA  •    •  Posted December 17, 2014

The Bipartisan Policy Center (BPC) is laying out a suite of legislative and regulatory options for reforming EPA’s renewable fuel standard (RFS) and advancing its dual goals of increasing use of the fuels to displace petroleum and curbing greenhouse gases (GHGs) but the think tank details problems with each of its proposed options, highlighting difficulties policymakers face as they weigh potential program reforms in 2015.
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Ethanol groups, oil industry pan RFS ‘middle ground’ 

Tiffany Stecker, E&E reporter  •    •  Posted December 17, 2014

A team of biofuel experts has released recommendations on how to reform the contentious federal renewable fuel standard, after years of turmoil between vested interests. The report by the Bipartisan Policy Center, titled “Options for Reforming the Renewable Fuel Standard,” lays out 40 recommendations, with pros and cons, for updating the RFS and promoting biofuels generally. BPC seeks a “middle ground” between maintaining the status quo and repealing the policy, said Scott McKee, senior policy analyst at the think tank. “We think tangible progress can be made to reform, but not repeal, the RFS,” he said. [ read more … ]

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.