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Grassley, King plead for wind energy tax credits to continue

November 29, 2012
By ANDREW POTTER - Staff Writer ( , Times-Republican

Sen. Charles Grassley, R-Iowa. and Rep. Steve King, R-Iowa are pleading with fellow members of the U.S. Congress to extend the wind energy Production Tax Credit set to expire at the end of the year.

The two were part of a press conference Wednesday along with two other congressman from the Democratic Party. Grassley said the uncertainly of the PTC extension has led to layoffs in Iowa in the wind industry. He said the tax credit is creating jobs and electricity.

"This incentive for wind energy is working," Grassley said.

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Grassley, who is known as the father of the PTC, also said sending money overseas for foreign oil to those who may want to do us harm is not good for national security.

"It's stupid to be importing as much oil as we do," he said.

King said Congress should "not pull the plug on something that's a very viable industry."

He said detractors of the tax credit say that wind energy should have to compete in the marketplace with everyone else. He said this relatively new industry does not have the market access needed to compete.

"This has always been about market access," King said.

At least 40,000 direct jobs in the industry are at risk with this extension uncertainty, said Rep. Jerry McNerney, D- California.

Much like Iowa, jobs in wind energy in Colorado are being lost due to the uncertainty of the PTC extension, said Sen. Mark Udall, D-Colorado.

"For me, enough is enough," Udall said.



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