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Shining Light on Farm & Food Policy for 20 Years.
Friday, August 16, 2024
When President Joe Biden was sworn into office, the biofuels industry had a handful of campaign trail quotes in its back pocket and a fresh sense of optimism about the federal government’s governance of the biofuels mandate. So far, that optimism hasn’t been met with corresponding action.
Lawmakers joined biofuel industry officials in ripping the Environmental Protection Agency for delays in releasing its biofuel blending mandates, with one Republican congressman saying it comes close to qualifying as a “broken campaign promise.”
The Biden administration is considering a multi-year reduction to the nation’s biofuel mandate, a move that would surely anger farmers and biofuel interests hoping to see stronger support for the program.
Farm groups are breathing a collective sigh of relief that congressional Democrats have dropped the idea of taxing capital gains at death, preserving the benefits of stepped-up basis. But many may still need to start talking to their tax advisers about just what’s in the legislation and how it could affect their tax planning.
The Environmental Protection Agency is asking a federal appeals court to send the Trump administration’s decision granting 31 small refinery exemptions for compliance year 2018 back to it for review.
The Environmental Protection Agency has sent annual blending targets to the White House for regulatory review, kickstarting a process that will set two years’ worth of biofuel usage requirements.