Manchin, Alexander Call for Expiration of Wind Tax Credit

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WASHINGTON, DC - SEPTEMBER 17: Sen. Joe Manchin (D-WV) talks to reporters before heading to a Senate Democratic policy luncheon, on Capitol Hill, September 17, 2013 in Washington, DC. Manchin discussed gun control issues with reporters in light of the Navy Yard shootings in Washington yesterday. 
National Journal
Clare Foran
Dec. 18, 2013, 1:35 a.m.

A group of sen­at­ors led by Sens. Lamar Al­ex­an­der, R-Tenn., and Joe Manchin, D-W.Va., are call­ing for an end to the wind pro­duc­tion tax cred­it, which is set to ex­pire at the end of this cal­en­dar year.

Manchin and Al­ex­an­der were joined by eight Re­pub­lic­an sen­at­ors in a let­ter to Sen­ate Fin­ance Com­mit­tee Chair­man Max Baucus, D-Mont., and rank­ing mem­ber Or­rin Hatch, R-Utah. The let­ter urges the com­mit­tee lead­ers not to sup­port an ex­ten­sion or oth­er con­tinu­ation of the tax cred­it, which provides a sub­sidy of 2.3 cents per kilo­watt hour of elec­tri­city pro­duced by wind tur­bines. The let­ter calls the latest it­er­a­tion of the tax cred­it a mul­ti­year phaseout and says that has giv­en the wind in­dustry enough cer­tainty and sup­port to stand on its own without ad­di­tion­al fed­er­al as­sist­ance.

“Our na­tion’s en­ergy policy must make eco­nom­ic sense for tax­pay­ers and not ma­nip­u­late mar­kets,” the let­ter states. “Con­tinu­ation of the wind PTC not only picks win­ners and losers, it is dis­tort­ing our en­ergy mar­kets and it’s past time to end a tem­por­ary tax cred­it that was put in­to law in 1992.”

Read the full let­ter here.

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