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the production tax credit

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Occurrences in the Congressional Record

Entry Title Date
Introduction Of The Bridge To A Clean Energy Future Act September 19, 2014
Earl Blumenauer, D-OR
"The Bridge to a Clean Energy Future Act of 2014 would extend critical clean energy incentives to provide market certainty and to strengthen investment in that sector. For example, this extends the Production Tax Credit for wind energy through 2016, offering parity with the Investment Tax Credit enjoyed by solar energy investments, while also granting the solar industry access to credits at the start of a project’s construction, as in the wind industry. The bill also provides a range of other important incentives, such as the Advanced Energy Project credit, which aids U.S. manufacturers across the clean energy industry."
Providing For Consideration Of H.R. 2, American Energy Solutions For Lower Costs And More American Jobs Act; Providing For Consideration Of H.R. 4, Jobs For America Act; And Providing For… September 18, 2014
Jared Polis, D-CO
"I encourage my colleagues to vote “no” on this closed rule, number 76 and 77 of this Congress, allowing no allowed amendments from either side, including the very reasonable all-of-the-above energy amendments that I offered with my colleagues Mr. Perlmutter and Mr. Blumenauer that either would have eliminated oil and gas subsidies or provided a similar and corresponding subsidy for the production tax credit and wind energy, so at least it can compete on a level playing field with the oil and gas industry."
Nomination Of Roy K.J. Williams To Be Assistant Secretary Of Commerce For Economic Development May 14, 2014
Lamar Alexander, R-TN
"I thank the Senator for his leadership. And when we talk about a 1-year or 2-year extension, it is important to note that we are talking about the next 10 years. Let’s say I qualify for the production tax credit—I am a wind developer this year, which means I get that credit for the next 10 years. That is why the 2-year extension of the wind production tax credit really spends tax dollars over the next 11 years when you count both those years. It totals $13 billion. We throw dollars around so much here, it is hard to get a sense of how much $13 billion is. In 2012 we spent $10 billion government-wide on all of energy research. It would be much better to use these dollars to reduce the debt or to use some of it for clean energy research. We need low-cost, clean, cheap energy. In my view, energy research is a much better use of taxpayer dollars, when they are available, than long-term subsidies. After nearly twenty-two years and eight renewals, the wind PTC has been around for far too long."
Hire More Heroes Act Of 2014—Motion To Proceed May 14, 2014
Ron Wyden, D-OR
"I will start briefly with the production tax credit. The wind energy industry, which benefits from the production tax credit, supports more than 50,000 jobs. Many wind companies are small, and they require lots of capital and planning to bring them to market. Their story illustrates what is important to end the cycle of stop-and-go tax policies that make our Tax Code, again, needlessly—as some would say, almost insanely—complicated and uncertain. Growth in wind energy has leveled off over the last 2 years, largely because of the expiration and late renewal of provisions such as the production tax credit."
Cloture Motion May 13, 2014
Edward Markey, D-MA
"Secondly, we are about to take up tax extenders, and we have a fantastic chance to extend the production tax credit for wind in our country. Unfortunately, because of the unpredictability of the tax breaks for the wind industry, 30,000 people in the wind industry were laid off last year. That is not because the wind industry didn’t prove it could increase the amount of electricity in our country generated from wind; it is because—unlike the oil industry, unlike the gas industry, unlike the nuclear industry, unlike the coal industry—the wind industry has to come in, hat in hand, to beg to continue their tax breaks year after year. There is no predictability for that marketplace. This gives us a chance to extend those tax breaks."

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