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Thu December 27, 2012
Brownback Hopeful Wind Energy Tax Credit Will Be Extended
A wind energy tax credit is set to expire at the end of this year, but Gov. Sam Brownback is still holding out hope that lawmakers in Washington will extend the credit. He'd prefer to see it phased out more slowly over several years. Some critics of the credit have called it wasteful spending, but the governor says it's been the driving factor behind the wind industry in Kansas.
"I think they have a legitimate point of view, I just think it would be better off phasing it over four years," says Brownback.
"I think we've got a shot, and we will get some extension and... maybe a slower percentage on a go forward basis."
Meanwhile, Kansas Congressman Mike Pompeo has said he doesn't believe the wind energy credit will be extended if lawmakers in Washington can't reach an agreement to avoid the fiscal cliff.