Confusion surrounds proposed methane tax
American Farm Bureau Federation addressed confusion surrounding a proposed methane tax.
“To clear up any confusion, I want to make clear that the current language of the reconciliation bill does not impose a methane tax on agriculture, said AFBF Vice President for Public Affairs Sam Kieffer.
“Over the summer, American Farm Bureau economists conducted an analysis, at the request of Congressional committee staff, to determine the potential impact if agriculture were to be included in legislation imposing such a tax. We did so based on the formula set forth in legislative proposals that impose a methane tax on the oil and gas sectors. We believe this analysis was informative and helpful in demonstrating that such a tax would have been devastating to agriculture.
“While we oppose any tax on methane, Farm Bureau is grateful to lawmakers for recognizing the thin margins in agriculture and that such a tax would undoubtedly put family farms out of business. We are especially grateful to the Senate for passing an amendment that specifically exempts agriculture.”