Tuesday, September 25, 2012

Wind farm subsidy should be zeroed out


Editorial from the Charelston Daily mail

This $12 billion boondoggle undermines the U.S. economy

After 20 years, Congress likely will allow tax credits for wind turbines to expire on Dec. 31. Facing trillion-dollar annual deficits as far as the eye can see, the nation cannot afford the subsidies.
Federal revenues lost to this industry amounted to $14 billion over the last four years alone.
But 20 years of tax credits have failed to make wind power practical. The industry lives on subsidies.

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