Manchin, Alexander Call for Expiration of Wind Tax Credit

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. 
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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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