Trump backs wind power tax break

Trump backs wind power tax break
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Donald TrumpDonald John TrumpTrump says he will 'temporarily hold off' on declaring Mexican drug cartels as terror organization House Judiciary Committee formally receives impeachment report Artist behind gold toilet offered to Trump sells banana duct-taped to a wall for 0,000 MORE told attendees at a Iowa town hall that he supports the federal tax credit that is used to incentivize wind power.

When a voter asked the presidential hopeful about the production tax credit that subsidizes wind power Thursday night, he said he is “OK” with it.

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“It needs subsidy, otherwise they're not going to get built,” he said. “They’re very expensive to build and they’re very expensive to maintain.”

The credit, which expired at the end of last year, has strong bipartisan support in Iowa, where wind power provides more than a quarter of the state’s electricity. Iowa ranks No. 3 in the country in terms of wind power capacity.

But the subsidy’s support is not as strong nationally, especially among Republicans, who see it as an unfair distortion of the market.

“It’s an amazing thing when you think they can, out of nowhere, out of the wind, they make energy,” Trump said, who added that he doesn’t like federal subsidies in general. “But, it’s a problem. They’re very expensive to build and without it I don’t think they work without subsidy, which is a problem because when you need subsidy it's a problem.”