America's Most Favored Industry - A lame-duck Congress will decide the wind-energy-production tax credit’s future
Robert Bryce writes on NRO: In the history of American business, it's difficult to find an industry that has enjoyed more political favoritism than the wind-energy sector now enjoys.The wind industry gets subsidies, mandates, and a de facto exemption from prosecution under some of America's oldest wildlife laws.
With the lame-duck session of Congress now under way, the American Wind Energy Association and its allies on Capitol Hill have begun a lobbying effort to extend the Production Tax Credit, the 2.2-cent-per-kilowatt-hour subsidy that the wind sector has received for about two decades. A bill that would extend the tax credit is pending in the House of Representatives.
“If we’re going to have a discussion of which industries merit federal support and which don’t, the discussion needs to be intellectually honest.”