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News stories tagged with "fiscal-cliff"

Turbines at the Marble River wind farm in Clinton, NY. Photo: Sarah Harris
Turbines at the Marble River wind farm in Clinton, NY. Photo: Sarah Harris

Fiscal cliff deal brings good news for wind industry

As part of its "fiscal cliff" deal, the U.S. Congress agreed earlier this week in Washington, D.C., to extend production tax credits for wind energy producers until the end of 2013.

In 2012, wind projects could only qualify for the production tax credit if they'd finished construction and started producing energy. But this year, projects will be eligible for the tax break simply by starting construction. They don't have to be finished by the end of the year.  Go to full article
US Rep. Bill Owens.
US Rep. Bill Owens.

North Country House delegation votes yes on"fiscal cliff" deal

North Country congressman Bill Owens, a Democrat from Plattsburgh, voted in favor of a zero-hour spending bill late last night that averted the so-called "fiscal cliff".

Owens was joined by Republicans Chris Gibson and Richard Hanna, who also currently represent parts of the North Country.

They helped lift the measure past opposition from conservative Republicans. The bill passed on a vote of 257 to 167.

The controversial bipartisan deal came just in time to spare the country broad tax hikes and deep cuts to Federal spending, which Owens called "dangerous."  Go to full article
Bob Andrews feeds the heifers in his barn in Fowler. Photo: David Sommerstein.
Bob Andrews feeds the heifers in his barn in Fowler. Photo: David Sommerstein.

Dairy farmers fear own "fiscal cliff"

One big item caught up in gridlock created by the current budget debate, with its "fiscal cliff" threat, is the federal farm bill.

Most farmers are still covered by crop insurance and other programs until next planting season, but that's not true of dairy.

Dairy farmers now have no safety net if milk prices fall. And with feed prices soaring, many feel they're falling off a cliff of their own.  Go to full article

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