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Thu Feb 16, 2012, 10:21 AM

Wind energy: Iowa model for success

http://www.politico.com/news/stories/0212/72954.html

Low, stable tax rates generate jobs and economic growth. This idea has been the bedrock of conservative economic ideology for decades. One industry that represents this essential conservative principle is U.S. wind energy.

Low taxes in the form of the federal Production Tax Credit for wind have driven as much as $20 billion of private investment a year into the U.S. economy. Wind power is now one of Americaís biggest sources of new electricity and fastest growing manufacturing sectors. It has accounted for more than a third of all new U.S. electric generation in recent years.

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I know wind powerís success story firsthand. Iowa was the first state to generate 20 percent of its electricity from wind. Now, wind supports as many as 5,000 Iowa jobs, and $11 million in annual land lease payments to Iowa farmers. Iowa wind has prompted $300 million in private investment in Iowa manufacturing facilities.

This success story is spreading across the country. Low taxes have helped windís manufacturing sector grow 12-fold ó to more than 400 factories in 43 states. Wind industry leaders know how to expand this business and provide more U.S. jobs.

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Reply Wind energy: Iowa model for success (Original post)
jpak Feb 2012 OP
libinnyandia Feb 2012 #1

Response to jpak (Original post)

Thu Feb 16, 2012, 10:59 AM

1. Steve King is more interested in cutting taxes than protecting the envoronment.

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