Kochs and Republicans launch bid to snuff out wind-energy tax incentives

[applegrove]

Kochs and Republicans launch bid to snuff out wind-energy tax incentives

By John Upton at the gristmill

http://grist.org/news/kochs-and-republicans-launch-bid-to-snuff-out-wind-energy-tax-incentives/

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So far, Hanson says 44 House Republicans and one Democrat, Nick Rahall of coal-loving West Virginia, have signed onto an anti-PTC letter being circulated by Rep. Mike Pompeo (R-Kan.).

AFP has also put together its own letter [PDF] on the issue. “The wind industry has very little to show after 20 years of preferential tax treatment,” it reads. “Congress should break from the past and allow the wind PTC to expire as scheduled, once and for all. Americans deserve energy solutions that can make it on their own in the marketplace — not ones that need to be propped up by government indefinitely.”

Speaking of being propped up indefinitely, would this be an appropriate debate in which to bring up the billions of dollars in tax breaks and other subsidies doled out by the U.S. every year to fossil fuel companies? Rep. Jackie Spier (D-Calif.) certainly thinks so.

“Big oil still gets subsidies even though just the biggest five oil companies … made a combined $118 billion in profits in 2012,” Speier said during a committee hearing on the PTC. “Oil and gas have received over $4.8 billion each year in government subsidies over 90 years.”



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[Buddha_of_Wisdom]

1. DENIED. Also, the U.S. Courts will order that every coal dirt will be shoved up David and Charles

Koch's rear end immediately and make sure it's hot.