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Tax Controversy Over Wind Energy Producers

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  • Description

    Battle to extend federal tax break

  • Duration 1:51
  • Date

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This transcript is automatically generated

Hi -- yeah.

Hi -- -- American wind energy association says 37000.

US jobs.

Could be lost if congress fails to extend the wind production tax credit.

It has bipartisan support but there's a lot of opposition to and it's set to expire at the end of this year.

Not a philosophical discussion.

-- Green energy or -- deserve better jobs in Colorado and across the country.

There we may lose forever if we don't get this passed this is a bracket that.

US senator Democrat Michael Bennet says his state and others in the -- supply chain.

Can't afford to let congress delay legislation warning companies won't plan for new projects without certainty.

Our businesses need predictability they need to know who they can are going to be able employee.

The credit helps developers of wind farms which power the business of companies like -- -- wind turbine manufacturer.

With production and research in Colorado.

Estes is indicated layoffs could become a reality without the credit.

When -- spring as you know.

So it's a commodity that will never run out -- -- we'll continue and that's really not fair critics including Colorado's -- congressman Republican at Lambeau aren't saying it's time for wind to support itself.

We shouldn't be giving handouts to certain sectors of the energy market.

Because government distorts the market place he says these types of manufacturing jobs are too dependent on help from Washington at a forecasted cost.

Of two to four billion next year it can go away any time.

So I would favored jobs that are permanent.

And stable -- long lasting because they're based on the free market.

Now senator Bennett has offered an amendment with a plan that he says is paid for also Jamie there are bills in both the house and senate.

But both are moving slowly back to you a lot of people looking at that investment and jobs thanks Elise yeah.

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