Americans for Prosperity oppose the Extending the Production Tax Credit

  The Coalition for the Preservation of the Golden Crescent and Concerned Residents of Hammond and have joined forces with American’s  for Prosperity to fight the Production Tax Credit.
  

 September 06, 2012 

 Americans for Prosperity is leading a huge coalition of 64 organizations to express strong opposition to extending the federal Wind Production Tax Credit.

The Senate Finance Committee recently passed a measure that would renew and dramatically expand several targeted tax credits for renewable energy, including wind power.

The Production Tax Credit (PTC) was enacted by Congress in 1992 as a temporary measure to beef up the wind industry, and is nothing more than a welfare program  and it should be allowed to expire . For example between  the years 2009 and 1213  wind subsidies  will have cost American tax payer s $14 Billion and 6 Billion of these alone are from the Production Tax Credit .

Wind PTC Coalition Letter FINAL





 Source: Americans for Prosperity