Opinions
Republicans Blow With the Wind
Because wind-powered electricity is so expensive, more than half of the 50 states have passed renewable energy mandates that require utilities to purchase wind and solar power-a de facto tax on utility bills. And don't forget subsidies to build transmission lines to deliver wind power to the electric grid.
What have taxpayers received for this multibillion-dollar "investment"?
March 6, 2012
in Wall Street Journal
Another industry wants to keep its taxpayer subsidies
Congress finally ended decades of tax credits for ethanol in December, a small triumph for taxpayers. Now comes another test as the wind-power industry lobbies for a $7 billion renewal of its production tax credit.
The renewable energy tax credit-mostly for wind and solar power-started in 1992 as a "temporary" benefit for an infant industry. Twenty years later, the industry wants another four years on the dole, and Senator Jeff Bingaman of New Mexico has introduced a national renewable-energy mandate so consumers will be required to buy wind and solar power no matter how... [continue via Web link]
Filed under
:
Tax Breaks & Subsidies
:
USA
| < prev | next > |
Note: this article may be subject to the Fair Use Notice.