VIDEO: Fox News focuses on potential layoffs in Colorado if wind tax credit expires
Tuesday, May 01, 2012 at 4:12 pm
U.S. Sen. Michael Bennet, D-Colo., went on Fox News today to once again make the case for the extension of the expiring wind tax credit.
If Congress does not act, the tax credit will expire at the end of the year, putting thousands of jobs in Colorado at risk and even more nationwide. The wind energy sector has already begun layoffs in anticipation of the tax credit, according to Bennet and others.The measure has support from all of Colorado’s congressional delegation except U.S. Rep. Doug Lamborn, a Republican.
U.S. Rep. Scott Tipton testified on behalf of extending the tax credit at a House Small Business Subcommittee hearing last week. Vestas Wind Technologies is a large employer in the 3rd Congressional District, where Tipton is up for re-election. His opponent, state House minority leader Sal Pace, has been critical of Tipton for not doing enough to get the wind production tax credit extended.
In the Senate, both Bennet and Sen. Mark Udall, D-Colo., have repeatedly tried in vain to attach the tax credit to bigger pieces of legislation. Here is today’s Fox News report: