[ 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

Pompeo touts growing support for anti-wind tax credit bill  

Credit:  By Mary Clarkin | The Hutchinson News | www.hutchnews.com ~~

U.S. Rep. Mike Pompeo, R-Wichita, announced Tuesday the House bill to eliminate the renewable energy production tax credit – which benefits the wind industry – has garnered its 50th cosponsor.

Pompeo is the only Kansan in Congress who is co-sponsoring the bill. The 50 co-sponsors all are Republicans. The largest contingent comes from Texas, where 10 members of its delegation are sponsoring the bill.

The legislation would amend the federal tax code to phase out and eliminate the tax credit for production of electricity from renewable sources. It would repeal the inflation adjustment for current recipients of the tax credit and modify the “beginning of construction” requirement to require that construction of an eligible project is continuous and makes significant progress, according to a summary of the legislation.

The bill also would reduce the corporate income tax by an applicable percentage based on increases in revenues resulting from this bill, the summary said.

“With a skyrocketing $18 trillion debt and an industry that is more than capable of standing on its own, there is no reason why the federal government should continue to subsidize the wind energy industry,” Pompeo said in a statement.

The drive to eliminate the production tax credit has been endorsed by a coalition of conservative groups, Pompeo’s press release pointed out. They include Heritage Action for America and Americans for Prosperity.

Source:  By Mary Clarkin | The Hutchinson News | www.hutchnews.com

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.