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Governors' Wind Energy Coalition

August 2, 2012

Focus turns to Finance panel as wind credit hangs in the balance

Nick Juliano, E&E reporter  •    •  Posted 2012-08-02 11:48:12

An extension of a key tax break for the wind industry remained in flux last night, but aides said it was likely to be reinserted this morning into a bill renewing a variety of expired and expiring tax credits that will be marked up today by the Senate Finance Committee, as senators filed a number of other energy-related amendments. Senate Finance Chairman Max Baucus (D-Mont.) plans to offer a “chairman’s mark” of the package that is likely to include the production tax credit for wind, a tax break vital to the industry that had been omitted from an earlier version of the legislation, a committee aide said last night. [ read more … ]

Wind Credit on the Block

By JONATHAN WEISMAN, New York Times  •    •  Posted 2012-08-02 11:48:36

A longstanding tax credit for wind power that has broad bipartisan support was caught Wednesday in presidential politics when Senate Republicans removed it from a usually routine package of business tax breaks to show their loyalty to their presumptive presidential nominee, Mitt Romney. Mr. Romney on Monday came out in favor of letting the wind production tax credit lapse at the end of the year, just as Senate Finance Committee members were nearing completion of a hard-fought package of business tax breaks they hope to pass out of the committee on Thursday. Those negotiations were largely about paring back the package, which routinely passes without much scrutiny. [ read more … ]

Wind-State Republicans in Tough Spot

By Siobhan Hughes, Wall Street Journal  •    •  Posted 2012-08-02 11:48:55

Mitt Romney‘s opposition to a $5.2 billion wind tax credit is roiling Capitol Hill, where wind-state Republicans are scrambling to figure out how to save the credit without exposing sharp differences with their party’s presidential candidate. Republicans and Democrats had agreed to include the tax break, known as a production tax credit, in a package designed to extend expiring business tax breaks. But after Mr. Romney came out against the tax credit, Republicans were put in a tough spot. The result: The tax credit was omitted from a tax-extenders plan announced shortly after midnight that is to be voted on Thursday in the Senate Finance Committee.
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Note: News clips provided do not necessarily reflect the views of coalition or its member governors.