Senators are lining up to renew old saws about reviving lapsed tax breaks — for whenever the Senate gets around to addressing them.
Take as just one example the wind energy tax credits. On Friday morning, 26 senators fired off a letter to Finance Chairman Ron Wyden, D-Ore., and ranking member Orrin G. Hatch, R-Utah, calling for renewal of the production tax credit and the investment tax credit in this year’s extender’s package.
Sens. Mark Udall, D-Colo., and Charles E. Grassley, R-Iowa, are again leading the effort in support of the wind farm business.
“The American wind industry’s growth, its cost competitiveness and its creation of American jobs have been partially driven by successful, bi-partisan federal tax policy, namely the PTC and the ITC. Unfortunately, as you know, these credits expired at the end of 2013,” the 26 senators wrote.