Wednesday, June 13, 2012

Even Wind Executive Doesn’t Want Wind Tax Credit....

The expiration of the production tax credit (PTC) for wind and other renewable energy sources is the subject of intense debate. Some see the credit as a tool for creating jobs and battling global warming. Others see it as an expensive, market-distorting device that rewards inefficiency and punishes competitiveness. Support for the latter position is growing—for good reasons, as the full economic impact of the PTC is beginning to be felt on a wider scale.

Even some who benefit from this taxpayer-funded handout to industry are now speaking out against it.

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