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Grassley: no need to extend wind tax credit
Credit: 3/18/16 | www.politico.com ~~
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Translate: FROM English | TO English
Just because the Clean Power Plan has been delayed by the court, Sen. Chuck Grassley sees no need to extend a wind tax credit that will phase out in five years. When the production tax credit was included in the omnibus spending bill last year, some observers saw that its schedule dovetailed neatly with the start of compliance with the EPA’s carbon regulation. With the Supreme Court having delayed the rule until a final decision is reached, some have wondered whether wind will want a longer bridge to the rule. “The wind energy people say they don’t need it,” Grassley told Pro’s Esther Whieldon Thursday. “At least we agreed that this five-year phase out was going to be it. In other words you can’t come back to a well twice.”
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