Senate lawmakers rejected a one-year extension for the Production Tax Credit. The PTC was attached as an amendment to the two-year highway bill.
The extension failed on a 49-49 vote. It needed to gain 60 votes in order to pass under a Senate agreement. A separate amendment from Sen. Jim DeMint, R-S.C., that called for an end to all federal energy subsidies also failed in the Senate, 72-26.
American Wind Energy Association CEO Denise Bode said she was “disappointed” that the PTC and other subsidies were not passed.
“The clock is ticking and the stakes for a timely extension of the PTC could not be clearer,” Bode said in a statement. “We stand to lose one of America’s best new sources of American manufacturing jobs.”
The PTC will officially expire on Dec. 31 if it not granted an extension.
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