FOR IMMEDIATE RELEASE
Contact: Jeff Gohringer, 202-454-4573 or Jeff_Gohringer@lcv.org
WASHINGTON – Paul Ryan will campaign at the Iowa State Fair today where he is expected to talk about anything but his ticket’s opposition to the Production Tax Credit (PTC) for wind energy. The reason? In opposing the renewal of the PTC, the Romney-Ryan ticket stands on the wrong side of Iowa’s voters, business leaders and the state’s entire Congressional delegation. The state’s largest newspaper has even criticized this extreme position, which could cost the state thousands of jobs.
“When he’s standing on his soapbox today, Paul Ryan won’t be able to explain why he cares more about the Koch Brothers than he does about Iowa’s workers,” said Navin Nayak, LCV Senior Vice President for Campaigns.
The Romney-Ryan campaign’s position on the PTC could lead to layoffs in Iowa and across the nation. The Iowa Wind Energy Association has said that ending the PTC “could mean the loss of several thousand jobs” in Iowa. Nationally, the wind trade group estimates that letting the PTC expire will cost 37,000 jobs.
Just like Romney, Ryan opposes tax incentives for renewable energy. Forbes has noted that Ryan is “against renewable energy subsidies,” and has “voted against tax credits for renewable electricity, tax incentives for alternative fuels, investing in homegrown biofuel, and raising automotive CAFÉ standards.” All the while, Ryan has received $244,250 and counting from the oil and gas industry.
The Romney-Ryan ticket has advocated ending the PTC while continuing to give Big Oil billions in taxpayer-subsidized handouts. In April, the League of Conservation Voters Victory Fund and Priorities USA Action partnered to release a television ad titled “$200 Million Man” to highlight Romney’s pledge to protect Big Oil at the expense of middle class Americans.
# # #
Paid for by the League of Conservation Voters, www.lcv.org, and not authorized by any candidate or candidate’s committee.