Lee Terry: “I rise today with my motion to instruct to make sure that we keep a tax credit that the Senate has in its version of the…”

“I rise today with my motion to instruct to make sure that we keep a tax credit that the Senate has in its version of the farm bill for cellulosic energy and the blending. It's a dollar tax credit, and that's important that we have the higher number because cellulosic energy or cellulosic ethanol, I think, is where we are going to move to for our midterm energy strategy in this country, and that we really are at the very embryonic stages of its development, as I'm going to show here in a few minutes, and that because we are at the beginning stages of cellulosic energy, taking it literally from the research laboratories to the experimental market, trying to produce it more than at 1 gallon at a time, that we will need to, more heavily subsidize these beginning processes. Now, I'm going to build our argument here of why I feel that cellulosic energy or cellulosic ethanol is important and why we need the $1 credit versus the lower number that was in the House version to get to our ultimate goal here, which is energy independence.”