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Congressman Pompeo Responds to Wind PTC Phase-Out Plan

Statement

By:
Date:
Location: Washington, DC

In response to the American Wind Energy Association's (AWEA) proposal to "phase out" the wind production tax credit (PTC), Congressman Mike Pompeo issued the following statement:

"I am disappointed that the wind industry's lobbying arm would release such an unserious proposal to phase out its subsidy. Without a real phase-out on the table, the only remaining solution is for the wind PTC to expire as scheduled at the end of the year," Congressman Pompeo said.

"The wind industry, comprised of numerous multi-billion dollar companies, can and must be able to stand on its own two feet. While I am prepared to listen to serious solutions--including phase-outs--that quickly move the industry off the taxpayer dole, AWEA's latest plan does not even meet the "laugh test.' Its proposal, which actually expands the projects eligible to receive the wind PTC, is unrealistic and insulting to lawmakers who are trying to find a commonsense, workable solution. We will get nowhere on this issue with proposals like this," Pompeo continued.


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