Executives from 11 national trade associations sent a letter to House and Senate leaders, highlighting the urgent need for Congress to extend the expired biodiesel tax incentive before the end of the year.
The association executives state in the letter, “There is broad bipartisan support for the biodiesel tax credit, and we believe that Congress can, and must, pass an immediate extension before returning home at the end of the year.”
“America’s farmers and rural communities are facing overwhelming economic uncertainty right now due to policy instability. They are waiting for Washington to complete work on trade deals and stabilize markets for U.S. agricultural output in China, Canada and Mexico. The economic hardships are spreading throughout the economy,” the executives write.
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