The wind energy credit buried in the tax extender deal should get the ax

The wind energy credit buried in the tax extender deal should get the ax « Hot Air:
It continues to dish out billions of dollars in wind energy credits which are distorting the market and continuing to flush taxpayer money into technology which is allegedly standing on its own feet these days. Also, recent changes to the language of the credit open it to systemic abuse. The American Energy Alliance explains.

“The wind PTC was a bad idea yesterday, it’s a bad idea today, and it will be a bad idea tomorrow.

“Over twenty percent of this extenders deal, nearly $10 billion, is a handout to AWEA and its allies like the League of Conservation Voters who spent $75 million during the midterm elections in an effort to defeat Republicans. Now the House Republicans are prepared to reward them with a massive handout courtesy of the American taxpayer. This sweetheart deal will cost American families close to $100 per household, and will stick them with more expensive and less reliable electricity in the future.

“A vote for this deal is also an endorsement of President Obama’s climate agenda, as the PTC is integral to the administration’s costly climate action plan.