Governors Call for Renewing Wind Energy Tax Credit - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Governors Call for Renewing Wind Energy Tax Credit

Posted:
(Photo: WBOC) (Photo: WBOC)

(AP)- The fate of a tax credit that advocates say is needed to maintain tens of thousands of wind energy jobs will be decided during high-stakes, last-minute negotiations between President Obama and House Republicans over fiscal issues, officials said Tuesday.
 
The wind energy production tax credit is due to expire at the end of the year. Its extension stalled in Congress this summer amid fierce opposition from some conservative House Republicans. The last chance to extend the measure is in the budget deal that will be cut between Obama and Republicans in the lame duck session of Congress.
 
Backers of the credit tried to ramp up pressure to extend the $12 billion break Tuesday with a teleconference featuring several governors, who noted that uncertainty over its fate has led to thousands of job losses across the country. A study by a wind energy group found that 37,000 jobs would be lost if the credit expires.
 
The credit's supporters say the government has subsidized fossil fuels like oil for more than a century. Opponents argue it distorts the energy marketplace and leads to higher prices.
 
The credit was first signed by President George H.W. Bush and backed by a number of prominent Republicans. But some conservative House Republicans objected to the extension of the latest form of the credit this summer, arguing it is wasteful spending. Their cause was taken up by the party's presidential nominee, Mitt Romney, who argued the credit should expire. Elimination of the break was written into the GOP party platform in August.
 
Still, Republicans governors Terry Branstad of Iowa and Sam Brownback of Kansas joined Democratic governors on Tuesday's call urging the credit's extension. They said they represented a bipartisan group of 28 governors who back the tax break.
 
"It is time to turn the page on the recent election and work together to get Americans back to work," Oregon Gov. John Kitzhaber, a Democrat, said in a statement
 
Rep. Mike Pompeo, R-Kan., who helped organize opposition to the wind tax credits, said the election results have emboldened him and other opponents to stand firm.
 
"There was a discussion in a lot of races around the country, and I didn't see a single race in which consumers were demanding higher electricity bills," Pompeo said. He added his opponent had attacked his stance on the credit, but Pompeo ended up winning the race by more votes than during his first campaign in 2010.
 
Wind energy companies already have started shrinking their workforces in the face of the gridlock.
 
Danish wind turbine manufacturer Vestas has reduced its U.S. workforce by 20 percent. The company announced last week it plans to cut its global workforce by another 3,000 by the end of next year due to uncertainty over the tax credit.

 

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Wife of Congressman Andy Harris Passes Away

    Wife of Congressman Andy Harris Passes Away

    Thursday, August 28 2014 9:25 PM EDT2014-08-29 01:25:29 GMT
    The wife of U.S. Rep. Andy Harris passed away unexpectedly Thursday.More
    The wife of U.S. Rep. Andy Harris passed away unexpectedly Thursday.More
  • No Change of Venue in Scarborough Case

    No Change of Venue in Scarborough Case

    Thursday, August 28 2014 9:15 PM EDT2014-08-29 01:15:21 GMT
    18-year-old Jocori Scarborough, accused of raping a 15-year-old female student inside a Wicomico County school, will not have his trial moved out of the county.  Scarborough's defense attorney made the motion for a change of venue Thursday in court, but the motion was denied.More
    18-year-old Jocori Scarborough, accused of raping a 15-year-old female student inside a Wicomico County school, will not have his trial moved out of the county.  Scarborough's defense attorney made the motion for a change of venue Thursday in court, but the motion was denied. More
  • Maryland Universities and Colleges Prepare for Campus Fire Safety Month

    Maryland Universities and Colleges Prepare for Campus Fire Safety Month

    Thursday, August 28 2014 9:09 PM EDT2014-08-29 01:09:47 GMT
    As a new semester begins on college campuses throughout the state, State Fire Marshal Brian S. Geraci reminds students to take actions to protect themselves and their friends from the devastating effects of fire. The State of Maryland has deemed September as “Campus Fire Safety Month.”More
    As a new semester begins on college campuses throughout the state, State Fire Marshal Brian S. Geraci reminds students to take actions to protect themselves and their friends from the devastating effects of fire. The State of Maryland has deemed September as “Campus Fire Safety Month.”More
Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service