On the recordNovember 3, 2017
As time goes on, people are going to have a chance to look at the details of the Republican tax plan. It is clear that the benefits are concentrated to those who need help the least, ignoring those who need help the most, and producing an unaffordable deficit in the future. But one of the most disturbing elements of this is that the Republican plan would gut the agreement that we negotiated in good faith with the wind energy industry to be able to wean them off tax subsidies. It was phased down in exchange for that certainty. The industry has up to $50 billion that is at risk by having the Federal Government pull the rug out from underneath them. We were well on the path towards sustainability with a clean American bill--low carbon energy. It puts at risk 50,000 jobs as a result of the reversal in course, and it raises questions for American business whether or not they can trust the American Congress to keep a deal. This is an element that must be changed. We must respect the agreement that we made and protect the massive investment in manufacturing and employment. ____________________
