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Tax Breaks & Subsidies and Colorado
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Sens. Bennet and Udall are not doing enough to combat America's debt
June 16, 2012 in The Denver Post
June 16, 2012 in The Denver Post
Senators Bennet and Udall have consistently backed extension of three little-known items: the Production Tax Credit, the Investment Tax Credit, and Section 1603 grants. These notorious mechanisms provide billions in subsidies to the least efficient, most hated, and most environmentally destructive type of power generation: industrial wind projects.
Also filed under [
USA]
So why is this higher mandate likely to hike your bills? Because when government creates an artificial market by fiat, shortages almost always follow (of turbines for wind power, for example), thus boosting the mandate’s cost. For that matter, if all forms of renewable energy could compete on their own, they wouldn’t need a mandate in the first place.
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General|
Impact on Economy]
DENVER - The House passed and sent to the Senate a bill that attempts to lure more wind farms to northeastern Colorado. The vote was 54-9 earlier this week.
Also filed under [
Energy Policy]