The production tax credit is slated to expire at the end of the year, and many in the wind industry in the US already saw its demise as a foregone conclusion. However some were still hoping for an eleventh hour reprieve for the PTC given the nation's lukewarm job creation rate.
Those hopes now seem certain to be dashed if Romney defeats the incumbent Barack Obama and takes up residence on Pennsylvania Avenue in Washington, DC comes January 2013.
In an interview this week with the Des Moines Register, Shawn McCoy, a spokesman for Romney's Iowa campaign, said the candidate would certainly "allow the wind credit to expire, end the stimulus boondoggles, and create a level playing field on which all sources of energy can compete on their merits".
McCoy went on to say the campaign believes wind energy will continue to "thrive wherever it is economically competitive, and wherever private sector competitors with far more experience than the president believe the investment will produce results".
The newspaper said Romney's campaign later confirmed he planned to allow the tax credits to lapse, stating that he prefers an energy policy environment where technology-specific incentives are removed.
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