[Congressional Record (Bound Edition), Volume 158 (2012), Part 10]
[House]
[Page 13884]
[From the U.S. Government Publishing Office, www.gpo.gov]




                       WIND PRODUCTION TAX CREDIT

  (Mr. POLIS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. POLIS. Mr. Speaker, I rise today as a member of the House 
Sustainable Energy and Environmental Coalition to call on Congress to 
renew the wind production tax credit.
  The wind production tax credit provides a small tax incentive to wind 
companies to produce clean domestic energy. This tax incentive promotes 
investment, creates jobs, and encourages deployment of wind energy. At 
the end of this year, the wind production tax credit expires unless 
Congress acts.
  This tax credit is essential to level the playing field for wind 
energy. For instance, the oil and gas industry gets around $40 billion 
in subsidies over 10 years. If we can eliminate oil and gas subsidies, 
let's do it. If not, we need to renew the wind production tax credit. 
The tax credit supports 5,000 jobs in Colorado and 75,000 jobs 
nationally. We cannot afford to lose these jobs.
  Both Democrats and Republicans, Senators and House Members agree we 
need to extend this commonsense tax credit. I urge my colleagues to 
work together to extend the wind production tax credit to protect and 
grow America's thriving wind industry.

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