Word: iowa
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Dates: during 2000-2009
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...paper these days without reading about Barack Obama courting the right. On Wednesday, his Inauguration committee announced that the non-partisan but socially conservative Evangelical Rick Warren would give the invocation Jan. 20 when Obama is sworn in as President. Bloomberg reports that moderate Republican Jim Leach of Iowa has been representing Obama at White House talks on the economy. And last Tuesday, the New York Times reported that Obama is being advised by foreign policy heavyweight Brent Scowcroft, National Security Adviser under the first President Bush and described by the Times as "an old Republican Realist...
...Iowa is the ethanol capital of the nation, and President-elect Barack Obama has been a reliable supporter of biofuels, so it's no surprise that former Iowa governor Tom Vilsack, his choice for Agriculture Secretary, has been an even more reliable supporter of biofuels, even chairing a national coalition on ethanol (ethyl alcohol, a fuel distilled from plant matter). "As governor of one of our most abundant farm states, he led with vision," Obama said of Vilsack on Wednesday, "fostering an agricultural economy of the future that not only grows the food we eat but the energy...
...here and food riots in the Third World. In fact, a climate-change task force Vilsack co-chaired for the Council on Foreign Relations recommended that "the United States phase out domestic subsidies for mature biofuels such as conventional corn-based ethanol." That wouldn't go over big in Iowa...
...January, I chatted with Vilsack about biofuels after a Hillary Clinton campaign event at a soy-biodiesel plant in Newton, Iowa. The theme of the day was that biofuels produce jobs, and Vilsack was pushing Iowa as "the clean-energy capital of America." But he was clearly aware of the new research suggesting that biofuels in general - and corn ethanol in particular - created more carbon emissions by accelerating deforestation than they saved by replacing fossil fuels. "It's definitely something we need to study," he said. Vilsack suggested that second-generation biofuels like cellulosic ethanol manufactured from switchgrass could solve...
...companies could soon be eligible for billions of dollars more. A bill was proposed in the House of Representatives in late November by Congressman Steve King, a Republican from Iowa, that would extend the tax-carryback rule to five years, which means companies could get their tax payments refunded all the way back to 2003. And the rule would be eligible for losses that occurred in 2008 or 2009. That means a company with a large enough loss, after the proposed rebate, could effectively not pay taxes for seven years. Senator Olympia Snowe, a Republican from Maine, has proposed...