Wind Energy Tax Credit Focus of Most of Colorado Delegation ...

WASHINGTON ? The tax credit, which costs between $1 billion and $3 billion a year, helps support the wind-energy industry that fosters manufacturing facilities in 44 states and accounts for tens of thousands of jobs.

Sens. Mark Udall and Michael Bennet, along with a handful of other Republican and Democratic senators, have cleared the first hurdle in getting the extension passed through a Senate committee. It still needs approval from the full Senate and the House to pass.

?This is my thing because there are a lot of jobs that are already in place with nice benefits packages that we?re at risk of losing,? Udall said, noting that he recently met a man in Pueblo who had been freshly laid off from Vestas. ?These are people?s lives. ? I?m going to keep fighting.?

The tax credit has robust bipartisan support in the GOP-controlled House and the Democratic-controlled Senate, but it hasn?t had much legislative success this year because it has been attached to less popular proposals or caught in the gridlock in Congress. MORE ?

Source: http://coloradoenergynews.com/2012/11/colorado-delegation-minus-lamborn-presses-wind-tax-credit/?utm_source=rss&utm_medium=rss&utm_campaign=colorado-delegation-minus-lamborn-presses-wind-tax-credit

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