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This is an opinion item.
| Author(s)
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The Denver Post editorial board
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| Source
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The Denver Post
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| Date
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May 11, 2008
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| URL
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http://www.denverpost.com/opinion/ci_9227232
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| Quote
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"Perhaps the most important improvement in the new farm bill is a reduction in a per-gallon ethanol tax credit that supports blending fuel with the corn-based additive from 51 cents to 45 cents. That cut helps pay for a Salazar-sponsored $1.01 per gallon production tax credit through 2012 for biofuels produced from renewable cellulosic feedstock. This is a first-time incentive for cellulosic biofuels, which Salazar estimates "have the potential to displace 3.5 billion barrels of oil annually, equivalent to 60 percent of our country's yearly consumption of oil, without affecting our need for food, feed or fiber." "
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This item argues for the position Bill should be passed on the topic 2007 U.S. Farm Bill.
