Political Quotes

“Mr. President, today I am introducing the Biodiesel Tax Incentive Reform and Extension Act of 2015. I am pleased to be joined by Senator Cantwell. Our bill will modify the biodiesel fuel blenders credit to a domestic production credit, and extend the credit through 2018. Congress created the biodiesel tax incentive in 2005. As a result of this incentive, and the Renewable Fuel Standard, biodiesel is providing significant benefits to the nation. Domestic biodiesel production supports tens of thousands of jobs. Replacing traditional diesel with biodiesel reduces emissions and creates cleaner air. Homegrown biodiesel improves our energy security by diversifying our transportation fuels and reducing our dependence on foreign oil. Biodiesel itself is a very diverse fuel. It can be produced from a wide array of resources such as recycled cooking oil, soybean and other plant oils, and animal fats. Senator Cantwell and I have been advocating for years a modification to the current incentive. We have proposed making the credit available for the domestic production of biodiesel, rather than a mixture credit available to the blender of the fuel, going back to 2009. The bill we are introducing today is similar to an amendment that I offered with Senator Cantwell during consideration of the tax extenders package in the Senate Finance Committee in July of this year. Our biodiesel reform amendment passed unanimously by voice vote.…”