Democratic Senator Michael Bennet says Congress needs to 鈥渟et aside politics鈥� and renew a popular wind energy production tax credit that expires at year鈥檚 end. Tens of thousands of jobs are at stake, and according to Sen. Bennet time is running out.
With wind gusts whipping around outside Windsor, Senator Bennet toured Hexcel, a plant that manufactures materials used in wind turbine blades. This company and others in Colorado鈥檚 wind industry say they鈥檙e facing an if Congress doesn鈥檛 renew the credit by year鈥檚 end.
"If our companies in Colorado don鈥檛 have predictability about the future, they will have to make decisions that will result in layoffs for people," he says. "So every minute counts.鈥�
So far, Bennet says the credit renewal has been filed as an amendment to a broader transportation bill, which is currently stalled in Congress.
鈥淲hen we get back we鈥檙e going to see whether it will move in the next few weeks,鈥� he says. 鈥淚f we鈥檙e unable to do that, we鈥檙e just going to have to keep fighting because at the end of the year it expires.鈥�
The tax credit faces opposition from Republicans like Sen. Lamar Alexander (R-Tenn) who say that the money could be better spent in other areas of the budget.
So far, the credit has helped wind become more cost competitive with other energy sources, and has led to a hiring boom in Colorado thanks to companies like Hexcel and Vestas Wind Systems.
Bennet is in Colorado鈥檚 Congressional delegation who are calling on Congress to renew the wind energy tax credit.