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House panel proposes extending biofuel tax credit, dividing economic and environmental advocates.
The House Ways and Means Committee's tax proposal to extend the 45Z clean fuel production credit has sparked debate.
Growth Energy supports the extension, claiming it will boost the economy and create jobs by encouraging biofuel production.
However, the Green Scissors coalition opposes it, arguing the extension could increase national debt and raise food prices due to biofuel subsidies.
Companies like Indigo Agriculture and Renewable Biofuels have also weighed in, seeking clearer guidelines for the credit's implementation.
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Un panel de la Cámara de Representantes propone extender el crédito fiscal para biocombustibles, dividiendo a los defensores económicos y ambientales.