[Congressional Record Volume 158, Number 152 (Friday, November 30, 2012)]
[House]
[Page H6538]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
RENEW THE WIND PRODUCTION TAX CREDIT
(Mr. ALTMIRE asked and was given permission to address the House for
1 minute.)
Mr. ALTMIRE. Mr. Speaker, one of the many challenges that Congress
will face during the ongoing negotiations of the fiscal cliff is
whether or not to renew the wind production tax credit, which expires
at the end of this year. Investing in renewable energy is key to
creating new jobs, reducing our dependence on foreign oil, and
promoting economic growth.
In Pennsylvania, the wind industry supports 4,000 jobs and powers
180,000 homes, including in the Pittsburgh area. The uncertainty
surrounding the looming deadline to renew the PTC has already forced
some companies to lay off employees, and if we let it expire thousands
more hardworking Americans will be out of work. Two wind farm projects
in western Pennsylvania were already canceled this year.
This is an issue on which both sides can come together to do what is
right for our country. Letting the PTC expire would damage the
competitiveness of the United States and the global economy, so I urge
my colleagues to extend this vital job-creating tax credit before it
expires.
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