February 9, 2012
Iowa Delegation Urges Production Tax Credit Extension for Wind
Members write Senate, House leadership and payroll tax conference
WASHINGTON, D.C. – The entire Iowa Congressional delegation has written a letter urging a short-term extension of the Production Tax Credit (PTC) for wind energy. The lawmakers wrote to the leadership of the U.S. Senate and U.S. House as well as the conference committee on the payroll tax cut extension.
“Our state and the whole nation have benefited tremendously from the economic development, new manufacturing jobs, and increased domestic energy supply that wind energy has provided. And the PTC has been a major factor behind this success,” wrote the lawmakers.
“We must provide some certainty to allow this industry to keep growing. If the PTC is not extended immediately, our communities back home stand to lose thousands of jobs, manufacturing, infrastructure and private investment,” they concluded.
The full text of the letter can be found here.