(Des Moines)– A wind-energy tax credit that is critical to service-industry jobs in Iowa is at risk of not being renewed due to inaction by Congress. Some blame political gridlock, while others say it’s the low cost of natural gas that’s hurting the interest in wind. There are no new wind projects planned in Iowa, and Republican Senator Charles Grassley says time is running out to get something passed…Click here for comment from Senator Charles Grassley
A bipartisan group of senators plans to make another push for the extension when they return from their Easter recess.
Grassley backs the idea of providing tax credits for wind-energy production. He says the industry has grown from only 30 plants in 2004 to 400 wind energy plants today nationwide…
Click here for comment from Senator Charles Grassley
The bill is the American Energy and Job Promotion Act (Senate Bill 2201).
(From Iowa News Service).
