Wind-Energy Group Backs Six-Year Phaseout for U.S. Break
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The wind-energy industry asked Congress to extend a tax break for six years, a time frame it said was long enough to cut costs and short enough to ease fears the credit will become a permanent part of the tax code.
The American Wind Energy Association, whose members include General Electric Co. and the U.S. unit of Siemens AG, offered the proposal yesterday in a letter to Senator Max Baucus, a Montana Democrat and chairman of the Finance Committee, and other members on the tax-writing panel.