Trump backs wind power tax break

Trump backs wind power tax break
© Getty Images

Donald TrumpDonald TrumpBiden prepares to confront Putin Biden aims to bolster troubled Turkey ties in first Erdoğan meeting Senate investigation of insurrection falls short 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.


“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.”