in News Departments > Policy Watch
print the content item

Sen. Lamar Alexander, R-Tenn., who has been one of the most vocal congressional opponents of the wind energy production tax credit (PTC), has sponsored a budget amendment in the U.S. Senate that would repeal the PTC - which he calls a "wasteful federal taxpayer subsidy for unreliable, expensive wind energy" - in order to help pay for the repeal of the federal government's excise tax on medical devices.

"This amendment is about ending two damaging tax policies that are costing Americans billions of dollars, and costing Tennesseans good jobs," Alexander said when sponsoring the amendment. “It gets rid of a 20-year-old, multibillion-dollar subsidy for unreliable, expensive wind energy that stands no chance of powering our nation’s 21st century economy, and it repeals the Obamacare tax on life-saving medical devices - Tennessee’s top export and an important source of good jobs.

“The federal government’s taxpayer subsidy of wind is interfering with the marketplace,” Alexander continued. “After receiving the subsidy for 20 years, the wind industry produces only nine percent of our pollution-free electricity. It’s time for wind power to take its place in our free-market system and compete with natural gas, nuclear and coal.”

The medical-device tax places a 2.3% excise tax on medical device manufacturers. Alexander says the amendment’s ultimate goal would be to repeal both the PTC and the medical-device tax without increasing the federal debt.


Trachte Inc._id1770
Latest Top Stories

Are Fitch Ratings' Claims About Wind Farm Underperformance Unfounded?

A recent report from Fitch Ratings suggests that wind farms underperform due to an overestimation of wind resources, but AWS Truepower says the analysis misses the mark.


SunEdison Buying First Wind In $2.4 Billion Deal

Global solar company SunEdison and its yeildco have announced an agreement to buy the Boston-based developer, a major player in the U.S. wind industry.


U.S., China Reach Ambitious Climate Change Accord

The agreement between the global superpowers leans heavily on the deployment of renewable energy, such as wind and solar.


What The Midterm Elections Mean For The U.S. Wind Industry

Both chambers of Congress are now under Republican control for the first time since 2006. How will wind energy fare?


GE Blade Crashes At Mehoopany Wind Farm In Pennsylvania

The turbine manufacturer says the Nov. 2 incident is "isolated and unrelated" when compared to earlier blade issues.

BG 2015DblBox_id2032
Renewable NRG_id1934
Hybrid Energy Innovations 2015