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America's Most Favored Industry - A lame-duck Congress will decide the wind-energy-production tax credit’s future

America's Most Favored Industry
Via nationalreview.com » Submitted On Thu, 12/13/2012 - 7:02pm by Norman Wolfe

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.”

Comments

very good website:

===== http://www.globalmarket.name// =====

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1 year 8 months ago
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The "intellectually honest" subsidy for any industry is ZERO!

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1 year 8 months ago

With all the talk of our 401ks / IRAs - gosh, doesn't this seem like a great place for the government to invest our money?

Jeeze o Pete it keeps getting uglier.

1 year 8 months ago
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