NEWS
Wind Tax Credit Faces Deadline
Todd Neeley DTN Staff Reporter
Thu Nov 29, 2012 09:37 AM CST

OMAHA (DTN) -- A bipartisan group of federal lawmakers joined veterans who work in the wind industry Wednesday in calling on Congress to renew the tax credit.

Backers argue the 2.2-cent per-kilowatt Wind Production Tax Credit has sparked the development of an industry that employs tens of thousands of workers and has been a good investment for many U.S. farmers.

As we've seen in other renewable energy industries, when key federal tax credits near expiration, companies that invested in biofuels tend to draw back on investments, cut back production and lay off employees. The same business contraction is under way ...

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