Rep. Mike Pompeo, R-Kans., a member of the House Energy and Commerce Committee, is leading an attack against the wind production tax credit (PTC). The congressman and about 50 other House members have jointly issued a letter asking House Ways and Means Committee Chairman David Camp, R-Mich., to allow the incentive to expire and not include an extension in tax reform or tax extenders legislation.
‘The growth in wind is driven not by market demand, but by a combination of state renewable portfolio standards and a tax credit that is now more valuable than the price of the electricity the plants actually generate,’ the letter reads. ‘As the House Ways and Means Committee takes on the commendable, but difficult, task of enacting revenue-neutral tax reform legislation, the PTC should be excluded from there or in any tax extenders legislation that the committee may consider.’
Pompeo says his call to end the wind PTC has garnered bi-partisan support, including from Rep. Nick Rahall, a Democrat from West Virginia. The full letter is available HERE.