Thursday, September 20, 2012
Wind Sector Hurting From Cloud Over Tax Credits
A bipartisan group of lawmakers in Congress is pushing to extend the credit, while many Republicans say the cost—an estimated $12 billion through 2022—is too high. In the past, the credit has been renewed for one- or two-year periods. Congress isn't expected to act on the tax credit until after the November elections, and it is unclear if the House and Senate will be able to reach a deal during the lame-duck session.
President Barack Obama supports renewing the tax credit and Mitt Romney opposes extending the credit.
An additional challenge for some U.S. manufacturers is foreign competition from low-cost producers. (WSJ, 9/19/2012)