uscitizen
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May 2, 5:33 PM EDT
Missouri elected officials reap money from tax credits
By DAVID A. LIEB
Associated Press Writer
JEFFERSON CITY, Mo. (AP) -- About 20 past or present Missouri officials have received more than $400,000 in tax credits for investing in alternative fuels such as ethanol or biodiesel.
But many of them had an advantage: They wrote the tax breaks into law or voted to award millions of tax dollars to energy companies in which they were invested.
Some of the officials began taking the tax breaks before they were elected and continued doing so after taking office. Others used the breaks only after voting on them, according to records reviewed by The Associated Press.
The mingling of personal and political matters has caused a backlash against biofuels at the Missouri Capitol. Senators have endorsed a measure requiring elected officials to divulge on financial-disclosure reports whether they or their relatives received tax credits. A House committee has backed a similar bill.
"If these guys are investing their money in their plants and being part of the value-added agriculture process, wonderful," said Sen. Brad Lager, a Republican candidate for treasurer. "The state of Missouri is heavily subsidizing that, and I just think it's good government to put that information on the table."
Lawmakers who took the breaks defend their actions, saying elected officials are no less entitled to the tax credits than other taxpayers.
Republican Rep. John Quinn and his wife began taking advantage of the tax breaks before he was elected to the House in 2001. After he was elected, they received more than $170,000 in tax credits for investing in ethanol factories, biodiesel plants and various agricultural cooperatives.
During that time, Quinn voted to award $80 million in incentives to ethanol and biodiesel plants. Some of that money went to facilities in which he is part owner. He also backed a 2006 law requiring gas stations sell an ethanol-blended fuel.
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"A lot of these businesses are very, very risky," said Republican Sen. Bill Stouffer. "So when you're trying to bring jobs to the rural areas and add value to rural products ... you need to put your money where your mouth is."
Stouffer received $23,940 in tax credits for investing in a meat-processing plant, specialized grain cooperative and biodiesel plant. Though most of that occurred before he was elected in 2004, Stouffer received the biodiesel tax credit last year while sponsoring a bill to require biodiesel fuel at gas stations. Stouffer is pushing a similar measure this year.
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http://hosted.ap.org/dynamic/stories/E/ETHANOL_CONFLICT?SITE=FLTAM&SECTION=US
There must be some dems involved as well.
Missouri elected officials reap money from tax credits
By DAVID A. LIEB
Associated Press Writer
JEFFERSON CITY, Mo. (AP) -- About 20 past or present Missouri officials have received more than $400,000 in tax credits for investing in alternative fuels such as ethanol or biodiesel.
But many of them had an advantage: They wrote the tax breaks into law or voted to award millions of tax dollars to energy companies in which they were invested.
Some of the officials began taking the tax breaks before they were elected and continued doing so after taking office. Others used the breaks only after voting on them, according to records reviewed by The Associated Press.
The mingling of personal and political matters has caused a backlash against biofuels at the Missouri Capitol. Senators have endorsed a measure requiring elected officials to divulge on financial-disclosure reports whether they or their relatives received tax credits. A House committee has backed a similar bill.
"If these guys are investing their money in their plants and being part of the value-added agriculture process, wonderful," said Sen. Brad Lager, a Republican candidate for treasurer. "The state of Missouri is heavily subsidizing that, and I just think it's good government to put that information on the table."
Lawmakers who took the breaks defend their actions, saying elected officials are no less entitled to the tax credits than other taxpayers.
Republican Rep. John Quinn and his wife began taking advantage of the tax breaks before he was elected to the House in 2001. After he was elected, they received more than $170,000 in tax credits for investing in ethanol factories, biodiesel plants and various agricultural cooperatives.
During that time, Quinn voted to award $80 million in incentives to ethanol and biodiesel plants. Some of that money went to facilities in which he is part owner. He also backed a 2006 law requiring gas stations sell an ethanol-blended fuel.
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"A lot of these businesses are very, very risky," said Republican Sen. Bill Stouffer. "So when you're trying to bring jobs to the rural areas and add value to rural products ... you need to put your money where your mouth is."
Stouffer received $23,940 in tax credits for investing in a meat-processing plant, specialized grain cooperative and biodiesel plant. Though most of that occurred before he was elected in 2004, Stouffer received the biodiesel tax credit last year while sponsoring a bill to require biodiesel fuel at gas stations. Stouffer is pushing a similar measure this year.
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http://hosted.ap.org/dynamic/stories/E/ETHANOL_CONFLICT?SITE=FLTAM&SECTION=US
There must be some dems involved as well.