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Key Vote Alert: Oppose Efforts to Extend PTC in Tax Extender Legislation

Dec 2, 2014 by AFP

Dear Senators and Representatives:

On behalf of more than two million Americans for Prosperity activists in all 50 states, I write to urge you to reject efforts to extend the main handout for the wind energy industry, the production tax credit (PTC). Therefore we urge you to vote NO on the House version of the “tax extenders” package, which includes a provision to extend the PTC retroactively, at a cost of $9.5 billion over the next decade.

I urge you to vote NO on H.R. 5771 because it includes a special-interest tax provision to extend the wind production tax credit (PTC).

AFP has been consistent in opposing special tax provisions that are narrowly targeted to provide benefits to politically connected industries. Earlier this year, we sent letters to the Senate Finance Committee and the House Ways and Means Committee, strongly urging members to oppose such tax provisions, specifically the PTC. This past week, AFP President Tim Phillips wrote in the Wall Street Journal, “[I]t would be a mistake for Congress to renew the PTC again, and it is time to let the wind industry compete with other energy industries in a fair market. Congress should ignore the hot air surrounding the PTC and let it flutter away forever.”

Concerning is the fact that this legislation is being falsely advertised as tax relief for American families. In reality, this tax extender package is corporate welfare for the politically-connected wind energy industry. A retroactive extension of these wind subsidies makes up over 20 percent of the total cost of the package.

Congress should reject this last-minute effort to resurrect this special tax treatment to the wind industry during lame duck session before the members the American people have chosen in the recent elections are seated.

I urge you to vote NO on H.R. 5771 because it includes a special-interest tax provision to extend the wind production tax credit (PTC).

Visit our scorecard online: www.AFPscorecard.org

Sincerely,

Brent Wm. Gardner

Director of Federal Affairs

Americans for Prosperity