[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]


LOCATION/TYPE

News Home
Archive
RSS

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

Alerts

Press Releases

FAQs

Publications & Products

Photos & Graphics

Videos

Allied Groups

House Republicans: End ‘harmful’ wind tax credit  

Credit:  By Ramsey Cox | August 14, 2014 | thehill.com ~~

Rep. Mike Pompeo (R-Kan.) called on House GOP leadership to end the Wind Production Tax Credit (PTC).

Pompeo and 54 other House members wrote to Speaker John Boehner (R-Ohio) and House Majority Leader Kevin McCarthy (R-Calif.) on Wednesday calling on them to let the “crony” tax subsidy for energy companies to expire.

“We offer our full support of the current process undertaken by the House Committee on Ways and Means that will allow the most anti-competitive and economically harmful tax provisions, specifically the wind energy production tax credit (PTC), to expire,” the letter stated. “Ensuring that our nation’s patchwork tax code undergoes significant reform is a noble goal and, as part of this process, we believe Congress should stop picking winners and losers and finally end the wind PTC.”

The lawmakers argued that the PTC costs taxpayers too much while inflating energy costs.

“Extending the wind PTC is a key priority for the Obama administration and its efforts to prop up wind and other favored ‘green energy’ technologies,” the Republicans wrote. “Proponents of the wind PTC continue to call for an extension despite growing evidence that this subsidy has not only cost taxpayers billions, but has caused significant price distortions in wholesale electricity markets.”

The Senate tax extender bill included an extension of the PTC, but House Ways and Means Committee Chairman Dave Camp (R-Mich.) has been passing tax reform in a piecemeal fashion – extending one tax credit at a time and deciding to let others simply expire.

“By ending this program now we will have given the wind industry a more than generous phase-out for a credit that is being awarded to a mature technology,” the letter stated. “We applaud Chairman Camp’s leadership on this important issue and urge you to stand firm with him in opposition to extending this provision and allow the wind energy to compete on its own.”

Source:  By Ramsey Cox | August 14, 2014 | thehill.com

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

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

Share:


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook

Share

CONTACT DONATE PRIVACY ABOUT SEARCH
© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.
Share

Wind Watch on Facebook

Follow Wind Watch on Twitter