Production Tax Credit Survives Fiscal Cliff
One piece of good news from this week’s fiscal cliff deal: wind-energy production tax credits — imperiled since last summer — have been extended through 2013 as part of the year-end budget deal. Thank you to the thousands of Green Americans who sent a message to their representatives in Congress demanding that this necessary incentive for cleaner energy remain intact.
The deal, passed by the House on Tuesday, extends the research-and-development tax credit through 2013, helping to preserve the jobs of high-skill researchers working on tomorrow’s technologies and scientific advances. As Obama said in his remarks Tuesday night, “We can’t keep cutting things like basic research and new technology and still expect to succeed in a 21st century economy.”