EXPERT: Renewal Of Production Tax Credit For Wind Power An Issue
By John Ostapkovich
PHILADELPHIA (CBS) – Although it's small potatoes compared to big budget and tax issues that comprise the fiscal cliff, an expiring tax credit could take the wind out of wind power, if it's not extended.
President Obama made a pitch for clean energy as recently as Friday, but to Tom Carnahan, chairman of the American Wind Power Association, talk isn't the issue; the renewal of the Production Tax Credit for wind power is.
He says the credit goes back nearly 20 years to the first President Bush and the GOP, but now it may be lumped in with green failings like Solyndra.
"Politicians like to talk about Solyndra but it was an outlying. It was one company that made some bad decisions. It's very disappointing and there's politicians that like to say, you know, these clean energy jobs are imaginary, but the Bureau of Labor Statistics says there's 3.1 million clean energy jobs in America," Carnahan explains.
Pennsylvania has been a leader, so far.
