President Obama supports tax breaks for wind energy.
You do the math.
Marcos Moulitsas posted about it yesterday.
Iowa is quite competitive this year. [Click here to see the trendlines on DailyKos]. So in an election where marginal parochial issues may make a difference, it’s surprising that ethanol isn’t center stage. It’s wind power.
The lines are now drawn on a political hot button in Iowa: a lucrative tax break for wind energy.
Mitt Romney is against it, President Barack Obama favors it — opposing stances that could have political and economic implications in Iowa, which has more wind energy jobs than any other state in the nation.
And it’s not just Democrats attacking Romney for his position.
Top GOP leaders in Iowa — including Republican Gov. Terry Branstad and the entire congressional delegation — champion the tax break as a vital economic development tool.
Monday evening, U.S. Rep. Tom Latham said the position Team Romney laid out “shows a lack of full understanding of how important the wind energy tax credit is for Iowa and our nation. It’s the wrong decision.” Latham called for Romney to re-evaluate.
A spokeswoman for U.S. Sen. Chuck Grassley said Monday he considers the tax credit he authored to be a tremendous success, but he has been talking with wind backers “about options that include a multi-year phase-out along with tax reform.”