DES MOINES, Iowa -- Ted Cruz opened a new line
of attack on rival Marco Rubio on Tuesday over a government-backed
biofuel mandate, despite the Texas senator himself holding a position on
the issue that is viewed critically by many Iowans.
The Renewable Fuel Standard is a government
requirement passed by Congress in 2007 that forces the U.S. fuel supply
to use a certain amount of biofuels, including ethanol. The law, because
of its biofuel requirements, is considered a major boon to Iowa's
economy. But Cruz, and other conservatives, suggests the law should be
eliminated because it picks "winners and losers" in the energy market.
Rubio has expressed opposition to the RFS as
well - but only after the law expires in 2022 to avoid a sudden, big
economic hit on farmers. Ethanol backers in the state also understand
Rubio will only support the elimination of the RFS if subsidies for
other energy markets, including oil, are eliminated concurrently.
Click here for the full article and related video.
Source: NBC News
No comments:
Post a Comment