Iowa’s congressional delegation mustered a goal-line defense for biofuel subsidies as the last holdouts to the House passing a debt ceiling bill that slashes government spending and sets up a showdown with President Joe Biden. House Speaker Kevin McCarthy got the four Iowa votes in the wee hours last week in return for a pledge to hold harmless tax credits for ethanol and biodiesel, for the time being. The House passed by two votes a bill that increases the debt ceiling so the government can pay its bills, and which cuts spending by $133 billion next year.
Buying time for biofuels
Buying time for biofuels
Buying time for biofuels
Iowa’s congressional delegation mustered a goal-line defense for biofuel subsidies as the last holdouts to the House passing a debt ceiling bill that slashes government spending and sets up a showdown with President Joe Biden. House Speaker Kevin McCarthy got the four Iowa votes in the wee hours last week in return for a pledge to hold harmless tax credits for ethanol and biodiesel, for the time being. The House passed by two votes a bill that increases the debt ceiling so the government can pay its bills, and which cuts spending by $133 billion next year.