BP's Tatics in Cape Vincent Ny

Sunday, March 24, 2013

Congressional oversight needed on Wind PTC rulemaking

After 20 years of tax credits, the production tax credit (PTC) was scheduled to expire at the end of 2012.
Neither the House nor the Senate saw fit to extend this overly generous corporate benefit when it was considered on its own merits and the PTC did, in fact, expire. Yet in the final hours of the fiscal cliff negotiations[1], a package of energy tax extenders[2] was surreptitiously added to the bill which assured the PTC a $12 billion, 1-year extension.
This move was done behind closed doors, without debate or opportunity for amendment and no obligation of the Congress to find a way to pay for it. The abuse of the Public Trust did not end there.
Continue reading via this link to [Industrial Wind Action]

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