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USA tax cuts will preserve 85,000 jobs in wind energy

The head of the American Wind Energy Association, Denise Bode, called it “a great holiday present for the 85,000 American workers in the wind energy industry, tens of thousands of whom will now be able to get back to work.’’……

Tax Cuts for Energy, Too – NYTimes.com. Matthew Wald, 17 dec 10, The just-concluded fight in Congress over taxes has mostly been viewed as an argument over the Bush-era tax cuts, but it was also a cliffhanger make-or-break deal for a variety of energy taxes. In the package signed Friday afternoon by President Obama, chief among these is the subsidy for wind and solar projects known as the Treasury Grant Program, the most recent form of federal aid for renewable energy…….The grant program was scheduled to expire on Dec. 31…..the bill that extended the Bush-era tax cuts for two years also included a one-year extension of the grant program.
That is especially important for wind projects, which have been tapering off in anticipation of the end of the grant program…….
The head of the American Wind Energy Association, Denise Bode, called it “a great holiday present for the 85,000 American workers in the wind energy industry, tens of thousands of whom will now be able to get back to work.’’……

Another cliffhanger is new loan guarantees for nuclear projects. On Dec. 8 the House approved an additional $7 billion in loan guarantees for new nuclear projects as part of a “continuing resolution” that would finance most of the federal government’s operations, but the Senate will not act until next week.

Tax Cuts for Energy, Too – NYTimes.com

December 17, 2010 - Posted by Christina Macpherson | politics, USA