Loebsack, King Lead 118 Bipartisan Members in Calling for Extension of Wind Energy Credit
Production Tax Credit for wind energy expired at the end of 2013
Congressmen Dave Loebsack (IA-02) and Steve King (IA-04) today led a bipartisan group of 118 Representatives in calling on the Speaker of the House, John Boehner, to bring up legislation to extend the current Production Tax Credit (PTC) for wind energy, as well as the Investment Tax Credit (ITC). Loebsack and King have both been strong supporters of the wind energy industry and have fought to renew the PTC. Senators Chuck Grassley (IA) and Mark Udall (CO) led a similar bipartisan letter signed by 26 Senators to the Chairman and Ranking Member of the Senate Finance Committee.
“We are writing on behalf of the 80,000 Americans employed by the U.S. wind industry – representing jobs in all fifty states – to ask that you promptly extend the current law Production Tax Credit (PTC) and the Investment Tax Credit (ITC),” the Members wrote. “Like all businesses, the wind industry seeks certainty and predictability so that long term project decisions and investments can be made. Without that stability, we once again risk losing many of the jobs, infrastructure and investment that the wind industry has created. We urge Congress to pass an extension of the PTC and ITC under current law as soon as possible to avoid further layoffs and divestment.”
A copy of the full letter can be found here.