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PRESIDENT OBAMA CALLS FOR PERMANENT, REFUNDABLE PTC

Monday, February 18, 2013 - 8:00AM

President Barack Obama has called on Congress to make the production tax credit (PTC) permanent and refundable. In The President’s Plan for a Strong Middle Class and a Strong America, which the president released in conjunction with his 2013 State of the Union address, he sets a goal of doubling renewable energy generation from wind, geothermal and solar sources by 2020. Making the PTC permanent and refundable, as part of comprehensive tax reform, he said, would provide incentives and certainty for investments in new clean energy.

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