Sen. Chuck GrassleyChuck GrassleyGOP senator grilled over DeVos vote during town hall Big Pharma must address high drug prices ObamaCare fix hinges on Medicaid clash in Senate MORE (R-Iowa) said Monday that he had proposed amendments that would restore the tax credits for wind energy and biodiesel production.
Both measures would amend the Bring Jobs Home Act, which seeks to discourage outsourcing jobs by ending certain tax credits. The wind and biodiesel incentives, popular in Iowa because they benefits industries common to the state, expired last year.
Grassley is not optimistic about his measures, because he does not expect Senate Majority Leader Harry Reid (D-Nev.) to allow any amendments to be considered.
“But I want to draw attention to the potential growth in a sector of the economy that’s right under our noses,” he said. “This area could get a real boost if the majority in Congress chooses to act to restore these tax incentives.”
Both credits were in a package of tax measures that failed in the Senate in May.
The wind credit in particular has been controversial, as it was meant as a temporary measure to help the wind energy industry to develop, but it was on the books for more than two decades.