The key committee provisions in the $3.5 trillion reconciliation package show that Democrats in Congress are in line with President Joe Biden’s vision to put electric vehicles — not biofuels — at the forefront of the fight against climate change.
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.
Biofuel industry and corn farmers are asking the D.C. Circuit Court of Appeals for a new hearing on a ruling that struck down a 2019 decision by the Environmental Protection Agency to allow year-around E15 sales.
As promised, Senate Democrats are going to kick off work on their massive $3.5 trillion spending and tax plan before senators leave for their August recess. On Monday Democrats released a fiscal 2022 budget resolution that is the first step in the budget reconciliation process that will be needed to enact their proposals into law.
Some Senate Democrats are talking about adding immigration measures, including farmworker provisions, to the $3.5 trillion reconciliation package that they’re developing. But critics say it’s highly unlikely the Senate parliamentarian would allow immigration language to stay in a budget reconciliation measure.
Bills introduced in the House and Senate would allow summertime sales of higher ethanol blends, addressing a recent court decision that found the Environmental Protection Agency's waiver allowing year-round sales of E15 exceeded legislative intent.
A major Trump administration action to expand the availability of higher blends of biofuels suffered a significant legal setback Friday that could lead to a fresh moratorium on summertime sales of 15% ethanol blends.
The Supreme Court has ruled in favor of small refineries seeking relief from the Renewable Fuel Standard, delivering a major blow to biofuel groups in a long-running legal battle over the governance of the nation’s ethanol and biodiesel policy.