The wind energy sector spent big money in 2012 to protect its federal
tax credits, lobbying disclosure reports released this week show.
The American Wind Energy Association (AWEA) spent more than $2.1 million in 2012, a 61 percent increase from the $1.5 million it spent the previous year.
The dramatic increase came as the AWEA was fighting to protect the wind energy production tax credit (PTC), a lucrative tax-break set to expire at the end of the year.
Congress first enacted the wind energy PTC in 1992, and has renewed it seven times since, but the tax credit faced an uncertain fate amid the back-and-forth fiscal cliff negotiations. It officially expired for one day before being revived.
Read more: http://freebeacon.com/big-wind-spends-big/
The American Wind Energy Association (AWEA) spent more than $2.1 million in 2012, a 61 percent increase from the $1.5 million it spent the previous year.
The dramatic increase came as the AWEA was fighting to protect the wind energy production tax credit (PTC), a lucrative tax-break set to expire at the end of the year.
Congress first enacted the wind energy PTC in 1992, and has renewed it seven times since, but the tax credit faced an uncertain fate amid the back-and-forth fiscal cliff negotiations. It officially expired for one day before being revived.
Read more: http://freebeacon.com/big-wind-spends-big/
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