ROUSH CleanTech, a manufacturer of propane autogas fuel systems, and its customers applaud the findings of an independent analysis that confirms the Propane Green Autogas Solutions (GAS) Act of 2011 (H.R. 2014/S. 1120) would create a substantial economic boom to the U.S. economy. According to the study, passage of the legislation could create up to $5.7 billion dollars per year in new economic activity and 42,000 net new jobs in the U.S. over the next five years.
ICF International, a leading provider of consulting services and the author of the study, applied standard economic modeling and analysis techniques to evaluate how the policy would impact the American economy. From 2012 through 2021, this legislation would generate an increase in economic activity of up to $29 billion and, during the same period, diminish crude oil and petroleum imports by 83 to 117 million barrels. This would be accomplished while creating no net cost to taxpayers and while reducing emission of harmful environmental pollutants from fleet vehicles across the country, according to the study.
"With presidential election activities heating up, the issue of job creation and the economy is plastered across the news headlines every day. Right now, Congress is holding the key to legislation that could drive significant economic activity in our country, and that key is passage of the Propane GAS Act," said Joe Thompson, president of ROUSH CleanTech. "Extending these tax incentives is critical to providing solutions to three important issues dominating the headlines: job creation, stimulating economic growth, and delivering on energy security through the use of a domestically produced alternative to gasoline and diesel."
Considered a simple extension of existing law, the Propane GAS Act aims to extend provisions found in both the 2005 Energy and 2005 Highway Bills that established tax incentives for propane autogas. The incentives would help cover the incremental cost to convert a vehicle to run on propane autogas, cover 50-cents per gallon for every gallon pumped using on-site refueling infrastructure, and help cover some of the cost to expand refueling infrastructure around the nation.
The author of S. 1120 is Senator Ben Cardin (D-MD), with Senator Debbie Stabenow (D-MI) and Senator Roy Blunt (R-MO) as original cosponsors. The author of H.R. 2014 is Congressman John Carter (R-TX), with Congressman Dan Boren (D-OK) and Congressman Mike Rogers (R-AL) as original cosponsors. Since its introduction, the legislation has seen more than 20 members of Congress sign on as additional cosponsors from both political parties.
"There were great government incentives to assist with the incremental cost of conversion and a 50-cent per gallon incentive to assist with fueling, but they're now expired," said Tom Hopkins, department head of logistics for Wright & Filippis, the nation's largest family-owned home medical equipment distributor and a ROUSH CleanTech customer. "These opportunities assisted Wright & Filippis to do the right thing environmentally with a cost-effective, domestically produced alternative fuel. The Propane GAS Act would bring back incentives like these and lead more fleets like Wright & Filippis to reduce their emissions with propane autogas."