Grassley: PTC shouldn't be singled out amid tax-code overhaul

02/26/2013 | North American Windpower online

Sen. Charles Grassley, R-Iowa, said that he would support a plan to gradually and "responsibly" phase out the wind-energy Production Tax Credit if other energy incentives also are reconsidered. "I've always said the incentive should exist only until the industry can stand on its own and compete effectively against traditional sources," Grassley said, adding that the PTC "shouldn't be challenged in a vacuum that ignores all other industry-specific energy tax breaks." Peter Kelley, vice president of public affairs at the American Wind Energy Association, said that AWEA would be willing to discuss "if and when Congress seriously engages in comprehensive, bipartisan tax reform where other industries are at the table as well."

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