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Airlines Launch Effort Backing Green Jet Fuel Tax Credit That Could Raise Food Prices For Americans

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rangerrebew:
Airlines Launch Effort Backing Green Jet Fuel Tax Credit That Could Raise Food Prices For Americans
 

ROBERT SCHMAD
CONTRIBUTOR
April 29, 2024
12:10 PM ET
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A coalition of major airlines has formed a group supporting a tax credit pushed by President Joe Biden that experts say could jack up food prices.

More than 40 companies, including Boeing, American Airlines, JetBlue and United as well as ethanol trade groups, are pushing the federal government to “expand” existing tax credits for “sustainable aviation fuel” (SAF) and to pass legislation to increase the fuel’s availability, Axios reported. Corn-based ethanol is a common component in SAF and experts previously told the Daily Caller News Foundation that increasing the demand for corn by incentivizing its use in jet fuel could indirectly raise food costs for Americans. (RELATED: Biden Admin Unveils Green Jet Fuel Subsidy Rules In Win For Big Corn)


The Biden administration is reportedly planning to disclose how it will measure eligibility for the SAF tax credit, per recent reports. A bipartisan group of senators, many of whom represent states that produce large amounts of corn, sent a letter to Treasury Secretary Janet Yellen in June 2023 urging her department to adopt the U.S. Department of Energy’s Greenhouse Gases, Regulated Emissions, and Energy Use in Technologies (GREET) model for calculating SAF tax credits.

GREET, if adopted, would make it easier for ethanol to be deemed sufficiently eco-friendly to qualify for SAF tax credits.

https://dailycaller.com/2024/04/29/airlines-effort-jet-fuel-tax-credit-food-prices/

rangerrebew:
Isn't climate change supposed to be killing all crops to begin with?  And now they want to use those few measly crops that are surviving to feed jets, not people? :whistle:

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