Excerpt from Article Posted at: http://stlouisrenewableenergy.blogspot.com/2010/10/renewable-energy-tax-credits-keeping.html
1)-Every job saved was an American job. 100% of projects that receive investment tax credits through 1603 (tax credit program) are built in the U.S. as required by the Recovery Act. The program also supports America's growing manufacturing and supply chain industries. U.S. wind turbine domestic manufacturing has grown 12-fold, with an increase in domestic content from 25% only a few years ago to over 50% now, and nearly 400 American manufacturing facilities making wind components. Contrary to recent campaign ads, data from the International Trade Commission (ITC) shows that less than 5% of the value of turbine parts used in the U.S. is imported from China.
2)-Every job saved was an American job. 100% of projects that receive investment tax credits through 1603 are built in the U.S. as required by the Recovery Act. The program also supports America's growing manufacturing and supply
chain industries. U.S. wind turbine domestic manufacturing has grown 12-fold, with an increase in domestic content from 25% only a few years ago to over 50% now, and nearly 400 American manufacturing facilities making wind components. Contrary to recent campaign ads, data from the International Trade Commission (ITC) shows that less than 5% of the value of turbine parts used in the U.S. is imported from China.
3)- The program is a more efficient use of taxpayer money because 100% of the incentive goes to the company making the investment and creating the jobs.
Taxpayers get more jobs and clean energy job creation per dollar spent in the USA . Many people have confused this program with discretionary government grants and recent news stories have suggested, for example, that the only projects that should receive the incentive are those begun after the Recovery Act was passed.
Entire Article Posted at: http://stlouisrenewableenergy.blogspot.com/2010/10/renewable-energy-tax-credits-keeping.html
[Scotty-this article was also emailed to the Rob(y) Blunt Campaign. ]
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