Democratic Senator Michael Bennet says Congress needs to “set aside politics” and renew a popular wind energy production tax credit that expires at year’s end. Tens of thousands of jobs are at stake, and according to Sen. Bennet time is running out.
The wind power industry in this country has grown fast in recent years, but that could come to a screeching halt.
The industry depends on a federal subsidy to keep it competitive with other forms of electricity. It's a tax credit wind farms get for the power they produce. That credit expires at the end of the year, and it's not clear whether Congress will renew it.
The tax credit was initially created to encourage wind energy, since it is a clean and secure source of electricity. But these days the argument is all about jobs.
Eight members of Colorado’s Congressional delegation are calling on Congress to save a federal tax credit for the wind industry. The bipartisan group delivered a letter ahead of a committee meeting on Tuesday.