The Fight for Alternative Fuel Tax Credits
People across America breathe easier every day thanks to companies that are taking environmental responsibility and reducing CO2 emissions with alternative fuels.
But without tax breaks, many of these companies wouldn’t have had the extra “push” to support alternative fuels to begin with.
The alternative fuel excise tax credit expired on December 31, 2013. It provided companies and individuals running alternative fuels in their motor vehicles with a 50-cent per gallon tax credit.
This tax incentive not only further widened the cost gap between domestically produced fuels and foreign energy, but it also supported job creation, economic growth and energy security nationwide.
So it’s no wonder the alternative fuels industry wants to see Congress extend these credits —and you should, too. Alternative fuel legislation affects the companies that operate a clean-burning fleet, but it also impacts the communities in which these fuels are used.
Of course, I firmly believe there should be equality for all fuels. But with the oil companies still getting billions upon billions of dollars in tax breaks each year, that’s simply not the case.
So here’s your fuel for thought: Extending the alternative fuel excise tax credit will keep our American dollars at home while helping each of us breathe a little easier.
Think it’s a fight worth fighting? Then contact your elected Congressional representatives today and let them know you think it is.