Wind Industry Should Mull Tax Credit Phase-Out, Baucus Says
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The wind energy industry should think “very seriously” about backing a proposal to phase out a tax credit for building more energy-generating turbines, U.S. Senate Finance Committee Chairman Max Baucus said today.
The Montana Democrat said in an interview that phasing out the tax credit might be the most realistic way to keep it from expiring altogether at the end of the year. Companies that invest in wind energy include General Electric Co., based in Fairfield, Connecticut, and Denmark’s Vestas Wind Systems A/S.