Let the wind-power tax credit expire
Wind power is horizon blight.
It's also what economists call rent-seeking. "Rents" are what you get when you're a political crony and you convince the government to take money from others and give it to you. The country would be better off with fewer rent-seekers feeding on the federal budget.
March 25, 2012
by E. Thomas McClanahan
in Kansas City Star
Gov. Sam Brownback and U.S. Sen. Jerry Moran, both Republicans of Kansas, should know better. They teamed up recently on a piece for The Star supporting renewal of the federal wind-energy production tax credit, which expires at the end of this year.
The article assured readers that continuing the subsidy would not be an attempt to "pick winners and losers" and that the wind industry only needs a bit more time to become competitive. The subsidies, they wrote, aren't cash handouts. They're "reductions in taxes that help cover the cost of doing business."
The latter point is pure eyewash. From the... [continue via Web link]