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Grassley says cap and trade "tax" would be very expensive for ag

With last week’s EPA ruling on global warming, Senate Ag Committee Chairman ChuckGrassley says there could be more pressure on Congress to pass a cap & trade bill on carbon emissions.

The Iowa Republican says with the move toward minimum tillage, however, agriculture has already taken action and is emitting less CO-2 into the air. He says Congressneeds to make sure that ag and other industries are given credit for that, “I know people in agriculture are thinking in terms of that but I don’t know whether (Senator) Barbara Boxer is or not.”

Grassley says the Obama administration’s proposed cap and trade”tax”, as he calls it, would make it very expensive for agriculture to operate.