[Congressional Record (Bound Edition), Volume 161 (2015), Part 5]
[House]
[Page 6001]
[From the U.S. Government Publishing Office, www.gpo.gov]




                   SUPPORTING THE PTC ELIMINATION ACT

  (Mr. MARCHANT asked and was given permission to address the House for 
1 minute.)
  Mr. MARCHANT. Mr. Speaker, if we are serious about making the Tax 
Code simpler and fairer, then we have to get rid of deadweight 
handouts. The PTC Elimination Act, which I have authored with 
Congressman Pompeo, is a step in that direction. The bill scales back 
and repeals the wind production tax credit.
  The PTC was created over 20 years ago to help new forms of energy get 
on their feet. Today, it is a largely bloated subsidy for the fully 
grown multimillion-dollar wind industry. The mature wind industry 
shouldn't be spoon fed by taxpayers any longer. The PTC needs to end.
  By taking this no-longer-needed tax credit off the books, the PTC 
Elimination Act brings fairness to our Tax Code and enhances 
competition. That is the kind of tax simplification we need to 
reinvigorate the American economy.

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