Obama calls for Congress to enact 'green' tax credits

May 25, 2012
US President Barack Obama speaks after touring TPI Composites, a wind blade manufacturer, in Newton, Iowa. Obama urged Congress on Thursday to extend tax credits for clean energy companies the White House says are responsible for some 37,000 jobs.

President Barack Obama urged Congress on Thursday to extend tax credits for clean energy companies the White House says are responsible for some 37,000 jobs.

On his way back from a fundraising and campaigning tour in California, Obama stopped in the Midwestern state of Iowa, which he hopes to win over his likely Republican adversary Mitt Romney in November elections.

He toured wind turbine blade manufacturer TPI Composites, saying the has "taken off" thanks to tax credits. In Iowa alone, accounts for nearly 20 percent of electricity use.

"America now has enough wind capacity to power 10 million homes. So this is an industry on the rise... It's an industry that's putting people to work," said Obama, a vocal backer of jobs during his 2008 campaign.

But he warned that progress made on that front was now "in jeopardy" if Congress does not extend tax credits that will expire at the end of the year.

"If Congress doesn't act, companies like this one will take a hit. Jobs will be lost," Obama said.

"That's not a guess. That's a fact. And we can't let it happen."

He recalled that the city of Newton, Iowa, was hit hard by the closure of the headquarters of home and commercial appliance company Maytag, now a division of Whirlpool.

Heather Zichal, Obama's deputy energy assistant, says up to 37,000 renewable energy jobs are at stake and could disappear if Congress does not extend the tax credits.

Obama has unveiled a new line of attack against his Republican adversaries in Congress, urging lawmakers to act on a "to do list" of measures aimed at boosting the weak economy.

The US unemployment rate fell to 8.1 percent in April but remains far from the five percent of early 2008, before the hit with full force. Weak job growth is one of the main threats looming over Obama's chances of winning a second term.

Explore further: Qi wireless charging standard offers more design freedom

add to favorites email to friend print save as pdf

Related Stories

Obama promotes clean energy; GOP hits Dem spending

Oct 02, 2010

(AP) -- Wind, solar and other clean energy technologies produce jobs and are essential for the country's environment and economy, President Barack Obama said in promoting his administration's efforts.

Wind, solar becoming cost competitive: Chu

Mar 23, 2011

Clean sources of energy such as wind and solar will be no more expensive than oil and gas projects by the end of the decade, US Energy Secretary Steven Chu said Wednesday.

Obama meets Apple supremo Steve Jobs

Oct 22, 2010

US President Barack Obama met Apple chief executive Steve Jobs in the San Francisco area Thursday and discussed education and technology's role in the economy, the White House said.

Bill Gates attends Obama fundraiser

Feb 18, 2012

Billionaire philanthropist Bill Gates attended a campaign fundraiser for President Barack Obama on Friday, where the US leader cited his example to push for raising taxes on wealthy Americans.

Obama sharpens jobs element of energy pitch

Feb 03, 2011

President Barack Obama, turning briefly to his eclipsed domestic agenda Thursday, called on the nation's businesses to make fresh investments in clean energy technology that lay a foundation for long-term ...

Obama to promote energy ideas at Penn State

Feb 03, 2011

(AP) -- Promoting an overshadowed domestic agenda, President Barack Obama on Thursday will propose a new tax credit and other steps aimed at persuading the nation's businesses to make their buildings more energy-efficient.

Recommended for you

Qi wireless charging standard offers more design freedom

8 hours ago

Wireless charging is getting a new technology treatment which offers more design freedom. The Wireless Power Consortium's advance in its Qi wireless charging standard means that phones and chargers will no ...

'Wetting' a battery's appetite for renewable energy storage

13 hours ago

Sun, wind and other renewable energy sources could make up a larger portion of the electricity America consumes if better batteries could be built to store the intermittent energy for cloudy, windless days. Now a new material ...

New system to optimize public lighting power consumption

14 hours ago

In order to meet the efficiency requirements of the latest public lighting regulations, researchers from the School of Industrial Engineers of Universidad Politécnica de Madrid (UPM), in collaboration with ...

Many tongues, one voice, one common ambition

Jul 31, 2014

There is much need to develop energy efficient solutions for residential buildings in Europe. The EU-funded project, MeeFS, due to be completed by the end of 2015, is developing an innovative multifunctional and energy efficient ...

Panasonic, Tesla to build big US battery plant

Jul 31, 2014

(AP)—American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs.

User comments : 0