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Peter Welch: “Until recently, a tax credit was available for complying…”

Featuring: Peter Welch, Democratic | U.S. Senate, Vermont

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Rep. Welch questions oil refinery official about industry subsidies

Published | Video Starts at 02:55

And if you in the history of that was the EPACT05 and the negotiations in this very room on the best path forward to continue to provide domestic. So you not only oppose repeal, but you defend extension? Yes, sir. Finally, I understand that Until recently, a tax credit was available for complying with EPA's low sulfur diesel requirements. and an extension of this credit is included in a pending Senate tax extenders bill, which I'm sure you're aware of, that's estimated to be a $20 million cost to the taxpayers. (02:55–03:02)

CLAIM

Asserts that a tax credit was available for complying with EPA's low sulfur diesel requirements.

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