[Congressional Record Volume 160, Number 32 (Wednesday, February 26, 2014)]
[House]
[Page H1946]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         PRODUCTION TAX CREDIT

  (Mr. LOEBSACK asked and was given permission to address the House for 
1 minute.)
  Mr. LOEBSACK. Mr. Speaker, I rise today in strong support of a 
critical jobs-creating policy for Iowa and our country that must be 
extended immediately, the production tax credit.
  Once again, Congress has allowed the job-creating production tax 
credit to expire. This is unacceptable. Now is the time to not just 
talk about job creation but to act on a policy that is a proven job 
creator.
  The production tax credit has helped revitalize our manufacturing 
base and build a homegrown industry. The wind industry supports some 
80,000 jobs across the country and over 6,000 in Iowa alone. With Iowa 
a leader in wind power, the industry is investing in our rural 
communities and moving us toward a cleaner, homegrown source of energy.
  The last time the PTC expired, thousands of jobs were lost, including 
hundreds right in my district in Iowa. We can't let these jobs 
disappear again. The PTC must be extended.

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