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  • bluecheese4u bluecheese4u Feb 14, 2013 12:19 PM Flag

    Yet Another Storm Brewing Over Wind Production Tax Credit

    Yet Another Storm Brewing Over Wind Production Tax Credit

    February 14, 2013Tina Casey

    Wow, talk about taking the wind out of a guy’s sails. Just minutes after President Obama urged the nation to support more wind power in his State of the Union address, Rep. James Lankford (R-OK) sure put a damper on things. He announced that his House subcommittee intends to challenge the new one-year extension for the production tax credit for wind power. That comes on the heels of a similar announcement last month by Rep. Darryl Issa (R-CA), who complained that the new wind tax credit extension is a “dramatic” change from previous versions.
    The investigation threatens to throw yet another monkey wrench in the path of the wind industry, which is just coming off a banner year for wind production in 2012.

    Trouble Ahead for the Wind Production Tax Credit
    As Chairman of the House Oversight and Government Reform Committee’s Energy Policy, Health Care and Entitlements Subcommittee, Lankford isn’t just blowing smoke. According to our friends over at The Hill, Lankford said that the wind production tax credit will be “the subject of increased oversight.”

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    • Wind energy is massively more expensive than any other type of energy. Nuke energy's subsidy is many times less than wind. Make the people who want wind power pay the full cost of it.Democrats should be all against the subsidy, as it is nothing more than "Corporate Welfare".

    • ...The Energy Department also took the opportunity to steal some thunder from the House investigation, stating that:
      “The recent extension of the Production Tax Credit (PTC) is also helping the wind industry continue to surge forward…Now, instead of layoffs, we’re hearing stories from American wind companies that are retaining and re-hiring workers instead of moving business overseas.”
      If you’re wondering what the Energy Department hopes to accomplish by posting articles on its website, the point is not so much that they expect to gin up lot more support from the general public. It’s a signal to Issa and Lankford that some heavy hitters in the private sector are betting on strong growth for the U.S. wind industry.

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