"Chilling Effect": AWEA Critizes Government Tax Bill

Wind Industry Profile of

Over $50 billion of investment and 50,000 U.S. jobs at stake

The tax bill proposed by the U.S. House this week contains provisions that would threaten American job growth and energy dominance. By derailing a bipartisan agreement to phase out the wind energy Production Tax Credit (PTC), the House proposal strips away the investment certainty Congress promised wind developers just two years ago. The proposal puts at risk over $50 billion in planned investment supporting manufacturing, rural jobs and homegrown energy growth. “Despite comments to the contrary, this proposal reneges on the tax reform deal that was already agreed to, and would impose a retroactive tax hike on an entire industry,” said Tom Kiernan, CEO of the American Wind Energy Association... ... More: Official Press Release AWEA

Keywords:

AWEA, tax bill, USA, PTC