Industry leaders say action is needed to stave off layoffs
Posted: Saturday, March 10, 2012 12:00 am
By PETE ROPER
Pueblo Chieftain
The much-sought-after federal tax credit to help Vestas and other wind-power manufacturers is headed for a Senate vote Tuesday.
The wind credit is just one item in an amendment being offered by Sen. Debbie Stabenow, D-Mich. It was among 30 that were supposed to be voted on Thursday but was finally postponed until the Senate resumes work Tuesday.
Colorado Sens. Michael Bennet and Mark Udall, both Democrats, are part of a bipartisan group trying to get the wind power tax credit approved for at least another year. They wanted the Senate leadership to consider the wind credit as a separate, single-issue amendment to the wide-ranging transportation bill the Senate is working on.
That didn't happen.
For her part, Stabenow also had the wind power credit in an $11 billion package of business tax credits she is offering as a single amendment and the Senate leadership agreed to let that measure be offered. Among other things, her amendment includes a $1 per gallon bio-fuels tax credit, suspends some taxes on marginal oil and gas wells and extends credits for energy efficient home construction and the use of electric vehicles and motorcycles. More…
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Corporate welfare programs have to stop.
The wind fat cats, lobby aggressively for tax breaks, loan guarantees and subsides while Americans are struggling to survive; we are approaching the point in this country where some people will not be able to afford to drive to work.
It is not the responsibility of the American taxpayers to continue to support a failing industry.
Subsidies, bailouts and corporate welfare programs are bankrupting our country .It’s time the bloated fat cats, like Vestas paid their own way.
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