Sens. Join Cry For Wind Production Tax Credit Expiration

Law360, New York (December 18, 2013, 2:00 PM EST) -- Ten U.S. senators on Tuesday joined a growing chorus of lawmakers who think Congress should let the wind production tax credit expire at the end of this year, saying in a letter to Senate Finance Committee heads that the credit has served its purpose.

The bipartisan group, which includes Sens. John McCain, R-Ariz., and Joe Manchin, D-W.Va., says the wind production tax credit is distorting the electricity market by providing a federal tax subsidy that is sometimes more valuable than the wholesale price of electricity in...
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