Political Quotes

“I believe the amendment I offer on behalf of the Senator from Arizona, Mr. Kyl, and myself would improve the amendment offered by the Senator from Nevada and the Senator from Washington. As I listened to them talking, their concern is for emerging technologies, for businesses that are trying to develop emerging technologies to have time to plan, and so they offer a 1-year extension of the production tax credit, which gives a 1 cent per kilowatt hour tax credit to most emerging technologies producing electricity for commercial sales. Some renewable electricity sources receive a larger 2 cents per kilowatt hour credit. I would propose, along with Senator Kyl, that we make it a 2-year extension for emerging technologies. The way we would pay for that so it would not be any more expensive than the proposal they have offered is to do with wind what we have already done with solar: take it off the list of 2-cent-per-kilowatt-hour technologies and put it on the 1-cent list. In other words, we would be creating a 2-year extension of the production tax credit for renewable technologies.”