Library filed under Taxes & Subsidies

The Real Buffett Rule: Obama's favorite tax adviser refines his soak-the-rich policy

"I will do anything that is basically covered by the law to reduce Berkshire's tax rate," he said. "For example, on wind energy, we get a tax credit if we build a lot of wind farms. That's the only reason to build them. They don't make sense without the tax credit." Think about that one. Mr. Buffett says it makes no economic sense to build wind farms without a tax credit.
5 May 2014

Hot air from Sen. Udall on the wind subsidies

Wind energy might be great: we would commend any energy producer who found a way to provide efficient, inexpensive, abundant, reliable, and clean energy, regardless of the source. If it worked as Sen. Udall and his allies claim, we as consumers might even support it with our hard-earned dollars. If the product is inferior to its competition and more expensive (unless buoyed by tax-credits), we wouldn't make that investment-our money is better off elsewhere.
3 May 2014

New York Wind falls short... again

Nys-windgen-2009-2013_thumb By the end of 2013, wind energy represented 94% of the fuel used to meet New York State's RPS mandate. Twenty wind power plants are operating in the state with an installed capacity of 1,730 megawatts. We've been tracking NY's wind production figures since 2009 and its performance has not improved.  
28 Apr 2014

Windfarm owners were paid €10m not to produce energy

Irish wind-farm operators receive payouts from other electricity providers in respect of "constraints" or "curtailments" where a transmission or distribution line is down for maintenance or where there is a local fault, or when there is high wind at a time of low-energy demand (for example, in the middle of the night) and turbines are shut down due to over-capacity.
20 Apr 2014

Congress should ignore calls to extend expired wind subsidies

American taxpayers and ratepayers have seen little return on their forced investment in wind energy over the past 20 years. Wind power consistently breaks its promises of long-term job creation, economic activity, and affordability. Swayed by special interests in the wind energy industry, they focus on the hopeful prospect of a thriving wind industry while overlooking the real problems that arise from subsidizing it.
17 Apr 2014

Showdown puts energy credit at risk

But Wyden and Hatch left other tax provisions that had been part of previous “extenders” bills on the cutting room floor — most notably the production tax credit (PTC) for wind and other renewable sources of electricity. Some provisions often derided as corporate pork survived in the bill, like a preference for the Puerto Rican rum industry, while others — a tax break for NASCAR tracks, for instance — were excluded.
2 Apr 2014

Renewable-energy benchmarks to be frozen indefinitely under new bill

Ohio Senate Republicans release a plan on Friday to indefinitely freeze the state’s annual benchmarks for renewable energy and energy efficiency, a bill that sponsors say is an embrace of science and affordability. ...If the freeze becomes law, the standards would remain at current levels, which is 2.5 percent for renewable energy and 4.2 percent for energy efficiency.
27 Mar 2014
back to top