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A serious energy policy debate blows through 2012 campaign
That CBO report said energy-related tax breaks cost $20 billion in 2011 and 68 percent of them went to renewable energy, while only 15 percent went to fossil fuels. ..."we're subsidizing today's relatively mature onshore wind technology by a larger proportion than we did when it was in its infancy. That makes no sense, especially in the current environment."
August 10, 2012
by Tom Curry
in NBC News
On the campaign trail in Colorado Thursday President Obama assailed Mitt Romney for opposing the tax break for wind energy production, saying the presumptive nominee would put tens of thousands of jobs at risk by letting them expire.
"At a moment when homegrown energy, renewable energy, is creating new jobs in states like Colorado and Iowa, my opponent wants to end tax credits for wind energy producers," Obama said.
"Think about what that would mean for a community like Pueblo. The wind industry supports about 5,000 jobs across this state. Without those tax credits, 37,000 American jobs, including potentially hundreds of jobs... [continue via Web link]
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Tax Breaks & Subsidies
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