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Statement from Ag Secretary Tom Vilsack on votes to undermine America’s renewable energy industry
Story Date: 6/17/2011
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Source: PRESS RELEASE, 6/16/11
Today, Agriculture Secretary Tom Vilsack issued the following statement on votes to undermine America's renewable energy industry:
“President Obama has outlined a plan to reduce our oil imports by one-third by 2025. Biofuels play a central role in this plan, which is why this administration continues to support and invest in the development of these important, domestically produced fuels.
The Administration supports efforts currently underway in the Senate to reform and modernize tax incentives and other programs that support biofuels. However, today’s amendments are not reforms and are ill advised. They could lead to job loss and pull the rug out from under industry, which will lead to less choice for consumers and greater dependence on foreign oil.
“We need reforms and a smarter biofuels program, but simply cutting off support for the industry isn’t the right approach. Therefore, we oppose a straight repeal of the Volumetric Ethanol Excise Tax Credit (VEETC) and efforts to block biofuels infrastructure programs.”
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