Ways and Means panel unveils green tax credit package
Source: By Kelsey Tamborrino, Politico • Posted: Monday, September 13, 2021
Several groups, including the Renewable Fuels Association and American Farm Bureau Federation, sent a letter over the weekend to House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer urging them to change the language in the Ways and Means package, as well as language on SAF out of the Transportation Committee and on a SAF pilot program in the FY22 National Defense Authorization Act. The provisions “exclude SAF derived from agricultural feedstocks from incentive programs and ensure that the Administration’s vision for reducing aviation emissions and the cited opportunities for American agriculture are not realized,” they wrote. “Instead, SAF blend stock from Brazil, Singapore and elsewhere will be subsidized by U.S. taxpayers, while U.S. producers and farmers are shut out.”