Mr. BLUMENAUER. Mr. Speaker, wind power is an American success story. It is one of our fastest growing manufacturing sectors, with over 500 American-based facilities. It provides us with clean, renewable energy that both consumers and the environment demand.
But, unfortunately, it is threatened with the production tax credit due to expire at the end of the year. I am pleased to join with my fellow Ways and Means Committee member, Dave Reichert, from the Northwest, as cosponsor of H.R. 3307, to extend the tax credit so that we don't lose as many as 37,000 jobs to the uncertainty.
Congress shouldn't wait until the end of the year because people need to make investment decisions now. Until we enact a comprehensive energy plan for this century, the production tax credit is key to our energy future: clean, dependable, very low operating cost wind energy.
Please join us as we work to guarantee this production tax credit for our economy and our energy security.