Talent promotes ethanol with tax credits
By Katie Ridgway, KWMU
St. Louis, MO. – U.S. Senator Jim Talent of Missouri is pushing an initiative that focuses on increasing the amount of ethanol in gasoline.
He has proposed tax credits for gas stations that switch at least one pump to an ethanol blend.
Talent says he believes that if gas station owners invest in pumps that provide the corn based blend, people will use them.
"This tax incentive will really cause a lot of them to consider doing it because that market is out there," Talent said. "I can almost guarantee them people will buy that if they provide it. For one thing the price will be lower. And even if it is just competitive, there are a lot of consumers who would prefer to help the environment and reduce dependence on foreign oil by buying a renewable fuel."
Talent says that switching to ethanol will also create a larger market for corn farmers and promote job growth.