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Lawmakers Pushing Biodiesel Tax Credit
USAgNet - 02/21/2019

With trade talks with China in a stall, there's pressure to find other ways to boost the crop markets.

Congressmen Darin LaHood, R-Dunlap, and Dave Loebsack, D-Iowa, are leading a bipartisan effort for a multi-year extension of the biodiesel tax credit and ideally boost the return on soybeans.

In a letter to House leadership, signed by 44 House members, LaHood and Loebsack push for the tax credit that would help stabilize approximately 60,000 jobs related to the U.S. biodiesel industry.

The letter was addressed to Speaker Nancy Pelosi, Majority Leader Steny Hoyer, Minority Leader Kevin McCarthy and Minority Whip Steve Scalise.

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