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46 Republicans Claim Wind Credits Are Too ‘Costly’ After Voting To Retain Billions In Big Oil Subsidies

Posted on September 27, 2012 by TRP

The future of wind tax credits is still tied up in Congress as the clock runs down to extend the production tax credit for wind (PTC) expiring at the end of the year. This week, 47 House Republicans urged House Speaker John Boehner (R-OH) to let them expire.

Although GOP districts hold 81 percent of the nation’s wind power capacity, Republicans are deeply split on investing in wind (Mitt Romney, for example, drew criticism from fellow Republicans for opposing the PTC). Boehner’s home state supports up to 6,000 wind jobs.

The GOP remains less divided on issues favoring Big Oil.

Of the 47 Republicans asking Boehner to end the wind investments, 46 voted in March 2011 against closing tax loopholes that let Big Oil collect $4 billion in annual subsidies.

MORE: 46 Republicans Claim Wind Credits Are Too ‘Costly’ After Voting To Retain Billions In Big Oil Subsidies | ThinkProgress.

 


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