Tax
Cattlemen Are Against Subsidized Ethanol
Friday, August 1st, 2008
NewsOK.com:
The Oklahoma Cattlemen’s Association bolstered its stance against a subsidized ethanol industry Thursday when its Beef Production Committee adopted a resolution that stated its opposition.
In a meeting on the opening day of the group’s 56th annual convention at the Reed Center in Midwest City, the Beef Production Committee re-adopted a resolution first passed in […]
Brazil Is Poised To Begin WTO Protest Over Ethanol Tariffs
Wednesday, July 30th, 2008International Herald Tribune:
Brazil is likely to ask the World Trade Organization to open a blockbuster case into U.S. ethanol tariffs, a senior official said Wednesday, outlining the first possible dispute to arise as a result of this week’s global trade talks collapse.
Roberto Azevedo, Brazil’s WTO ambassador, said there was a “strong possibility” that the Latin […]
Food Groups Urge Bush To Suspend Sugar-Ethanol Tariff
Thursday, July 3rd, 2008The Hill:
An assortment of food groups, from soft drink makers to chicken producers, urged President Bush to suspend an import tariff on Brazilian sugarcane ethanol as a way to reduce demand for the corn-based variety produced domestically.
The competition for corn is increasing due to higher ethanol production requirements mandated by Congress in the 2007 Energy […]
Ethanol Firms Seek More Clarity
Monday, June 9th, 2008Bangkok Post:
Ethanol producers are demanding clearer policies, better tax incentives and regulatory changes that will allow them to sell their output to industries other than energy and fuel producers. Members of the Thai Ethanol Manufacturing Association met yesterday with Industry Minister Suwit Khunkitti to press their case and seek clarification about the the government’s plans […]
Ethanol Tax Break Targeted
Monday, May 19th, 2008Sioux Falls Argus Leader:
A Republican senator who failed during the legislative session to remove the 2-cent ethanol tax break says he’ll press the idea in a summer study of highway needs.
Sen. Jerry Apa of Lead says the ethanol industry has matured and doesn’t need the two-cent-per gallon tax break as much as the state highway […]
Ethanol Tax Breaks Benefit Bill Sponsors
Monday, May 5th, 2008News-Leader.com:
Some of the legislators who sponsored the 1999 law authorizing tax credits for farmers who invest in agricultural cooperatives were among the first to receive the tax breaks once the program kicked in.
The lead sponsor of the legislation was Rep. Sam Leake, D-Center, who also was among the investors in Missouri’s first ethanol plant.
According to […]
Hoyer Backs Smaller Tax Credit For Ethanol
Thursday, May 1st, 2008The Hill:
House Majority Leader Steny Hoyer (D-Md.) on Wednesday offered support for lowering subsidies for ethanol, which are being blamed by some for an international food crisis.
In a press conference, Hoyer said he supports a move by House and Senate conferees on the farm bill that would lower the tax credit ethanol refiners receive from […]
The Ethanol Tax
Tuesday, April 15th, 2008Minnesota Public Radio:
For all the talk about the ruin to be caused by the gas tax increase in Minnesota, comparatively little is said in the state these days about the “ethanol tax,” which has had a significant impact in the cost of operating a vehicle and may, according to some people, have a role in […]
Bill Would Require Lawmakers To Disclose Tax Credits Received
Wednesday, March 5th, 2008Missourinet:
State lawmakers would have to include any state tax credits they receive on their personal financial disclosure statements under a bill being considered by a House committee.
Rep. Shannon Cooper (R-Clinton) says he got the idea during hearings of the Interim Tax Policy Committee in which it came to light that a few Missouri legislators received […]
Bernanke Backs Lower Tariff On Brazil Ethanol
Friday, February 29th, 2008Guardian:
Federal Reserve Chairman Ben Bernanke said on Thursday he favored cutting high tariffs on Brazilian ethanol to help take pressure off food prices.
“As you know, I favor open trade and I think allowing Brazilian ethanol, for example, would reduce costs in the United States,” Bernanke told the Senate Banking Committee.
Most of the ethanol made in […]
House Approves New Taxes On Big Oil
Thursday, February 28th, 2008CBS News:
The House approved $18 billion in new taxes on the largest oil companies Wednesday as Democrats cited record oil prices and rising gasoline costs in a time of economic troubles.
The money collected over 10 years would provide tax breaks for wind, solar and other alternative energy sources and for energy conservation. The legislation, approved […]
Ethanol Firm Gets Tax Break
Friday, December 7th, 2007San Jose Mercury News:
The largest ethanol marketing and production company in California secured state-approved financing Wednesday that will provide up to $11.5 million in savings made possible from the sale of tax-exempt bonds.
The savings will be passed on in the form of a low-interest loan to Pacific Ethanol, founded by former Secretary of State Bill […]
UN Suggests Removal Of Tariffs On Brazilian Ethanol
Friday, November 30th, 2007Xinhua:
The United Nations Development Program (UNDP) on Tuesday suggested the removal of tariffs charged by developed countries on the Brazilian ethanol in a bid to reduce the world’s climate change effects.
“The trade barriers and subsidies are, at the same time, elevating the costs with mitigating carbon gas emissions and with reducing dependence on oil,” said […]
President Bush Answers Questions On Ethanol, Fuel Efficiency And Gas Tax
Tuesday, October 16th, 2007Autobloggreen:
Bush rarely takes questions and even when he does, it’s never about green transportation. Unbelievably, on Monday, Bush was asked about the impact of fuel efficiency on the gas tax and the impact of ethanol on feed costs. Bush admits we have to move away from the gas tax because of higher fuel efficiency and […]
Thompson Changes View On Ethanol
Friday, October 5th, 2007Chicago Tribune:
Visiting Chicago to raise funds after an extended Iowa visit with a tour of an ethanol plant, Republican presidential contender Fred Thompson said the world has changed since he voted against ethanol subsidies while serving as a Tennessee senator.
“Well, when I was in the Senate, oil was, I think, like $23 a barrel,” Thompson […]
Gas Atlas: Travel Tax Or Subsidy Max?
Tuesday, June 19th, 2007Where to Gas Up Around the Globe (Or Take the Bus).
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Wired:
How much are you paying for gas? Depends on where in the world you’re parked. In oil-producing nations like Venezuela and Iran, you can fill up for as little as 17 cents a gallon. But in tax-happy Germany and South Korea, you’ll pay more than […]
Gasbags For Ethanol
Thursday, June 14th, 2007Reason:
“There is no ethanol ‘market,’” Jay Hancock writes in today’s Baltimore Sun. “The ethanol business is driven by government planners, not freely acting buyers and sellers.” Those subsidies, he adds, aren’t likely to end anytime soon:
It’s impossible to find a politician who opposes ethanol welfare. Republican presidential candidate John McCain, who once opposed increased ethanol […]
Corn Ethanol: Laundering Fossil Fuels, Bilking Taxpayers, Damaging The Environment
Thursday, April 26th, 2007I just found this article from Energy Tribune. It’s dated Mar. 16, 2006 but still very up to date which means that not much changed since that day. It’s worthy reading it.
House Approves Energy, Climate Bill With Tax Breaks For Hybrids
Wednesday, April 25th, 2007The Ledger:
The first $10,000 on the purchase of a hybrid or alternative fuel vehicle would be exempt from sales taxes during the next three Octobers, and ethanol and biodiesel could become more prevalent at Florida gas stations, under a wide-ranging energy plan the state House passed Wednesday.
The bill (HB 7123) seeks to bring Florida out […]
Ethanol Tax Credits Eat Into State Budget
Sunday, April 22nd, 2007Sioux City Journal:
The Iowa Department of Economic Development wants to cut the tax credits available to new ethanol plants, part of the state government’s growing awareness that tax credits present a serious threat to the state budget.
On Thursday, the Iowa Economic Development Board began to debate the plan and will vote on it late next […]