Posted on 04/23/2009 7:08:47 AM PDT by NotQuiteCricket
"The alternative fuel credits were projected to cost the federal government $61 million a year in lost taxes, but that was before paper companies started applying for them. A preliminary estimate being circulated among lawmakers by the nonpartisan Joint Committee on Taxation now puts the price tag at $3.3 billion."
What this article boils down to is that paper mills have been using byproducts of their production to provide energy for their process (using an alternative fuel). They have stepped into the government hand out line to receive tax credits ($$) for this process, although they have been doing this long before any government tax credit was offered.
In fact, to qualify for the credit, paper mills have started *adding* diesel (fossil fuel) to the fuel for their boilers.
Of course, the companies say - "Oh we would have had to use natural gas or oil anyway."
Hahahahahaha!
(Excerpt) Read more at google.com ...
This will help the newly formed Michael Scott Papers, no???
Alas, MSPC, like Dunder-Mifflin, is not a manufacturer.
Paper mills burn their own “black liquor” from the paper making process.
Backdoor subsidy to the newspaper industry. Newsprint prices have been rising in recent years.
Yay, cheaper newsprint!
yeah but I’m sure he’s already used the tax credit to buy a new fur coat (given what PETA did to the last one).
The law of unintended consequences strikes again!
Gotta protect the NYTimes and BosGlobe.....
“that’s what she said”
You have old information.
Pulp & paper prices are in the tank.
Abitibi/ Bowater a big US/Canadian paper & lumber manufacturer just filed for bankruptcy protection.
Pulp prices are down in the last 6 months.
The Lumber Broker
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