01.28.15

Gardner Statement on Wind Production Tax Credit Vote

Washington, D.C. – Senator Cory Gardner (R-CO) released the following statement on his vote against the nonbinding amendment offered by Senator Heitkamp (D-ND) to express the sense of the Senate that the Wind Production Tax Credit should be extended for five years:

“I am a true believer in the ability of wind energy to be a key part of an all-of-the-above energy strategy. I have been a major proponent of the Wind Production Tax Credit in the past, and I continue to support incentives for wind energy. It plays a vital role in powering our homes and helping to grow our economy in Colorado.

“This amendment, however, is the wrong way to go about it and highlights the continued need for an overhaul our entire tax code. Unfortunately, the amendment advocates the reauthorization of this tax credit without any means to pay for the extension, which I cannot support. Further, the amendment offers no vision of how to eventually ramp down this tax credit, which was always intended to be temporary.

“I am still a major supporter of wind energy, and I look forward to working with Senator Heitkamp on the issue going forward. Regrettably, the lack of responsible planning in this amendment makes it harder for those of us who do support the Wind Production Tax Credit to come to a bipartisan agreement about its extension. I hope that the Senate can work on the badly-needed reform that could properly incentivize clean American energy while modernizing our nation’s tax code.”

###