Matt Collins
06-17-2008, 08:15 PM
A lawmaker says U.S. taxpayers are being bilked to the tune of millions of dollars by a biofuel subsidy that helps to lower gas prices in Europe, and he's leading the charge to close the apparent loophole.
The scam is known as “splash and dash.” It stems from an existing $1 subsidy for every gallon of biodiesel fuel blended with regular diesel in the United States.
“Taxpayers should be outraged because they are subsidizing foreign consumers of biodiesel,” said Shadegg (R-AZ). “That is insane, and it’s a ridiculous burden to put on American taxpayers.”
Full story and details:
http://www.foxnews.com/printer_friendly_story/0,3566,366601,00.html
The scam is known as “splash and dash.” It stems from an existing $1 subsidy for every gallon of biodiesel fuel blended with regular diesel in the United States.
“Taxpayers should be outraged because they are subsidizing foreign consumers of biodiesel,” said Shadegg (R-AZ). “That is insane, and it’s a ridiculous burden to put on American taxpayers.”
Full story and details:
http://www.foxnews.com/printer_friendly_story/0,3566,366601,00.html