Congressman Leonard Boswell (IA-3) released a statement regarding today's announcement of hundreds of layoffs affecting Iowa's wind industry.
"The nearly 500 layoffs in Iowa's wind energy sector are the direct result of Congress failing to renew the production tax credit. This is caused by the same inaction from House Republican leadership that we've seen with the Farm Bill. House Speaker Boehner is taking his cues from Mitt Romney who has said he wants the tax credit to end along with over 7,000 jobs in Iowa. The credit has been key in growing the wind energy industry in Iowa, but in order to build on that progress, the tax credit needs to be extended to provide manufacturers some certainty to continue investments and future job creation."