Mitt Romney Would End Wind Energy Tax Credit

Source: Huffington Post

Mitt Romney would end a tax credit for wind energy producers if he's elected, his campaign confirmed to the Des Moines Register Monday, setting a clear contrast with President Barack Obama on the issue.

"He will allow the wind credit to expire, end the stimulus boondoggles, and create a level playing field on which all sources of energy can compete on their merits," Iowa campaign spokesman Shawn McCoy said in a statement to the paper. "Wind energy will thrive wherever it is economically competitive, and wherever private sector competitors with far more experience than the president believe the investment will produce results."

Support for the wind energy tax credit could be a big issue in Iowa, which has the highest number of wind energy jobs in the country, according to the Register.

Romney joins a number of other Republicans in opposing the tax break, under the argument that it costs too much -- around $1.6 billion this year -- and props up businesses with government subsidies.

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