Senators are working to try and untangle the hold up of tax extenders legislation that includes the wind production tax credit and 49 other measures. The main hurdle remains disagreement over whether or not to repeal a medical devices tax. Iowa Wind Energy Executive Director Mike Prior remains hopeful Senators will get moving on that legislation as it’s needed for his industry and its economic well being.
Prior says it’s important lawmakers get that approved before its gets kicked down the road to the lame duck session where its chances for passing could dim. He says the Wind Production Tax credit, part of that package is one of the few extenders that calls for its own phase out down the road.
Senate Finance Chair Ron Wyden and Ranking Member Orrin Hatch are working to find a compromise and a way to move the extender’s legislation. Meanwhile Senate Majority Leader Harry Reid says the extenders legislation will have to wait until after the November elections.
