Wednesday, November 04, 2009

Mohawk Quits over Climate Bill, and US House Closing Black Liquor Loopholes in the Health Care Bill

Lots of action today for the paper industry in an emerging storyline of how it will fit into the new, low-carbon economy, and who will lead.

First, news that Mohawk Fine Papers is quitting the US Chamber of Commerce over its radical position against the cap and trade climate bills working through Congress. See article here.

Second, there is news in the story of the "Son of Black Liquor" tax loophole in the 2008 Farm Bill. (Read about it in the blog: Dead Tree Edition) Representative Van Hollen (D-Maryland) has apparently had his recently introduced stand alone legislation (H.R. 3895) inserted into the Manager's Amendment to the health care bill that will hit the floor at the end of this week.

The estimated $24 billion in tax credit savings could be used to offset costs of the health care bill, Van Hollen said.

"In addition to supporting homegrown renewable energy, it is my hope that this legislation will be added to the manager's amendment for the House health care reform package making its way to the floor this week so that the savings generated by these improvements can help pay for health care for all Americans," said Representative Van Hollen in a statement.

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