Senator Marshall Joins RFDTV to Discuss Improving 45Z Biofuel Tax Credit

Kansas City, KS - U.S. Senator Roger Marshall, M.D. joined Market Day Report on RFDTV to discuss the 45Z Biofuel Tax Credit and how we can ensure American Agriculture is being put first.

You may click HERE or on the link above to watch Senator Marshall's full interview.

Highlights from Senator Marshall's interview include:

On The Current 45Z Tax Credit:

"I think that when they write the rules for this, there's some big glitches. What I know is I don't like China benefiting from it, which is what they're doing right now. They're manipulating the system. Look, I think that tax credits should be only for American farmers, and other countries shouldn't enjoy any type of tax credit."

"What China is doing right now is they're bringing in cooking oil. Used cooking oil, but blending it with palm oil, which is not the right way to do this. So, they're cheating and getting the tax credit. That's why we need a president that understands agriculture. I just sat down with President Trump, spent half a morning with him, took two Kansas farmers with me, and discussed this very issue. That if 45Z is going to help other countries, we don't even want it."

"The way the Biden-Harris administration is doing this is wrong, as usual. Just remind your listeners, President Trump was the first person back in 2016 who embraced E15 and then gave us year-round E15 when he was president."

On the Farmer First Fuel Incentives Act:

"The farmers and ranchers need certainty, and that's exactly what we're speaking with President Trump about, is we need long term certainty and to be much better at these big, big investments."

"Right now, we have a project in Kansas where we're going to take corn stock and turn it into jet fuel, working with Southwest Airlines. So, I think that's the future, but without this 45Z I think that project goes away… we need consistent rules, that working with the Treasury Department and getting USDA to give some voice there at the Treasury Department, exactly how this works out, but we need to put American farmers and ranchers first, not second. This tax credit is not meant to help other foreign entities and, frankly, farmers from other countries."