Wind credit out of Senate tax package – for now

Romney’s stance could create political hurdles for supporters of the credits. Republicans must now buck their party’s presumptive nominee if they back the incentives that have long had bipartisan backing.

Capitol Hill sources expect an amendment to add the extension when the Finance Committee meets, or efforts to include the measure in the underlying bill that’s up for debate Thursday.

The credit is currently scheduled to expire at the end of the year.

The wind industry is pushing hard for extension of the credit, calling it essential to financing new power projects. New wind installations have fallen off when the credit has lapsed in the past, which last occurred in 2004.

Romney’s opposition to the incentive puts him at odds with some heartland Republicans who back the credit, including Sen. Chuck Grassley (R-Iowa), a member of the Finance panel.

—This post was updated at 11:13 a.m.