May 23, 2012 at 16:54 PM EDT
In Case You Missed It: Broad Bipartisan Support to Extend the Production Tax Credit
Tomorrow the President will travel to TPI Composites in Newton, Iowa where he will highlight steps Congress can take right now to create American jobs, and support American companies and manufacturers – all while continuing to increase clean energy production here at home.    As part of his Congressional To-Do List, the President will call on Congress to pass legislation that will extend the Production Tax Credit (PTC) – which provides an important tax credit to utility-scale wind producers in the United States – alongside an expansion of the 48C Advanced Energy Manufacturing Tax Credit that supports American-made clean energy manufacturing in towns and cities across the country. According to industry estimates, the wind industry supports nearly 20,000 direct jobs along with over 30,000 manufacturing jobs in its supply chain, and some in industry have estimated that without extending the PTC, as the President is calling for, up to 37,000 jobs could be lost. read more
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