Congressman Pompeo: End the Wind Production Tax Credit
52 House members sign on to letter calling for expiration of wind production tax credit
Congressman Mike Pompeo, R-Kansas, a member of the House Energy and Commerce Committee, has released a bi-partisan letter asking House Ways and Means Committee Chairman David Camp, R-Mich., to allow the wind production tax credit (PTC) to expire at the end of 2013 under current law and not to include an extension of the PTC in tax reform or tax extenders legislation.
“The growth in wind is driven not by market demand, but by a combination of state renewable portfolio standards and a tax credit that is now more valuable than the price of the electricity the plants actually generate,” the letter reads. “As the House Ways and Means Committee takes on the commendable, but difficult, task of enacting revenue-neutral tax reform legislation, the PTC should be excluded from there or in any tax extenders legislation that the Committee may consider.”
Congressman Pompeo’s call to end the wind production tax credit has garnered bi-partisan support throughout the House, including Rep. Nick Rahall, a Democrat from West Virginia, Rep. James Lankford, a member of House Leadership, Rep. Ed Whitfield, chairman of the Subcommittee on Energy and Power, and Rep. John Shimkus, chairman of the Subcommittee on Environment and the Economy.
To download a PDF of the letter, click here.
For more information, contact J.P. Freire at (202) 226-9952 or JP.Freire@mail.house.gov.