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Sherman A1

(38,958 posts)
Fri Dec 7, 2012, 05:16 AM Dec 2012

Wind Energy Credit In Jeopardy, Supports 2,000 Jobs In Missouri

The federal wind Production Tax Credit supports nearly 2,000 Missouri jobs, but is set to expire at the end of the year. If Congress doesn’t act to renew the subsidy that could change, which has some Missouri policy-makers worried.

State Senator-elect Scott Sifton of St. Louis joined representatives from Environment Missouri, a non-profit environmental advocacy organization, on Wednesday to call for Congress to approve the incentive.

The tax credit will likely pass the U.S. Senate, where Democrats hold a majority of the seats. Where it will be contentious is the House, where Republicans have control.

But Sifton says the credit shouldn’t be a partisan issue.

http://www.news.stlpublicradio.org/post/sifton-environmental-group-congress-pass-credit-wind-energy

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Wind Energy Credit In Jeopardy, Supports 2,000 Jobs In Missouri (Original Post) Sherman A1 Dec 2012 OP
With Austerity Now Being "Needed" Iggy Dec 2012 #1
 

Iggy

(1,418 posts)
1. With Austerity Now Being "Needed"
Fri Dec 7, 2012, 07:40 AM
Dec 2012

safe to assume congress will be dumb enough to not extend this tax credit.

I've seen this movie before-- after the Arab oil embargo, solar and geothermal industries started to take off-- congress under Jimmy Carter put tax credits in place to help the fledgling industries-- then granpa reagan was elected, along with their anti-government hysteria, congress ended the tax credits and those industries died... you can see where that got us. it took twenty-five years to get these industries going again.

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