[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Pols push for wind power tax credit  

Credit:  By Pete Roper, The Pueblo Chieftain, www.chieftain.com 8 February 2012 ~~

Colorado’s congressional delegation sent a letter to House and Senate negotiators Tuesday urging them to include a federal production tax credit for wind power manufacturers in any compromise they craft that to extend the current payroll tax deduction for workers.

Extending the payroll tax cut was a political pingpong ball in Congress last fall as House Republicans and Senate Democrats battled over federal spending. Lawmakers have until Feb. 29 to pass legislation to extend it or run the risk – in an election year – of having the popular deduction lapse. It is worth about $1,000 a year in tax savings to the average working family.

The bipartisan committee of House and Senate lawmakers met again on Tuesday and into those negotiations, seven members of the Colorado delegation sent their request to also renew that the federal production tax credit for wind power manufacturers.

Vestas Wind Towers has said the company will lay off more than 1,000 employees if the federal credit isn’t quickly renewed. It gives a significant tax deduction for purchasing wind turbines and Vestas officials have said their sales will be sharply curtailed without it.

The Colorado delegation – except for Reps. Doug Lamborn and Mike Coffman – signed the appeal that was sent to the conference committee chairmen.

“Unless the wind PTC is renewed in the first quarter of this year, new wind energy development projects and the thousands of jobs associated with those projects are expected to drop off precipitously after 2012,” the letter said.

It was signed by Sens. Mark Udall and Michael Bennet, as well as by Reps. Scott Tipton, Cory Gardner, Diana DeGette, Jared Polis and Ed Perlmutter.

“My top priority remains protecting jobs and encouraging the economic growth needed for businesses to get people back to work,” Tipton said in a statement afterward.

Vestas officials have lobbied the delegation to work the extension but the measure – like so many issues – was a victim of the political gridlock between Senate Democrats and House Republicans last year.

Source:  By Pete Roper, The Pueblo Chieftain, www.chieftain.com 8 February 2012

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.