Obama Throws Weight Behind Wind Tax Credit Extension

Law360, New York (May 24, 2012, 7:50 PM EDT) -- President Barack Obama on Thursday made his strongest pitch yet for renewing federal tax credits for wind power projects, which are set to expire at the end of the year.

Speaking at an Iowa turbine factory, Obama pressured Congress to extend the production tax credit, backing renewable developers who testified before legislators in March that expiring tax perks would cripple the U.S. wind industry.

“If Congress doesn’t act, companies like this one will take a hit,” Obama said at the TPI Composites Inc. factory, which hired...
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