Stabenow amendment to extend biodiesel tax credit voted down

Biodiesel Magazine
By Erin Voegele March 13, 2012

Legislation that would have extended the biodiesel tax incentive through the end of the year was voted down by the U.S. Senate this afternoon. The amendment to the Surface Transportation Bill, S. 1813, was sponsored by Sen. Debbie Stabenow, D-Mich. Only 49 senators voted in favor of the amendment. A total of 60 ayes were needed for the measure to be added to the bill.

“This is another missed opportunity for Congress to do something to boost the economy,” said Anne Steckel, the National Biodiesel Board’s vice president of federal affairs. “We're talking about thousands of jobs across the country that are affected by this, and the very real possibility that biodiesel plants will go out of business. It's also a missed opportunity for Congress to do something about these oil price spikes by diversifying our fuel supplies and reducing our exposure to the global petroleum markets.”

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