03 Aug '12, 10pm

Romney's Folly: Ending Tax Breaks for Wind Power

Romney's Folly: Ending Tax Breaks for Wind Power

Gage Skidmore via Flickr /CC BY 2.0 You'd be hard-pressed to name a single American energy source that doesn't benefit from government support. Coal companies get subsidies. Nuclear power plants are backed by massive loan guarantees. Oil companies, even the most profitable ones in the world, get truly impressive federal handouts . And, of course, wind and solar companies get tax credits. But presidential candidate Mitt Romney opposes just one of the incentives listed above; want to venture a guess as to which one it is? It's tax breaks for wind power, obviously! The only subsidy that's doing what a subsidy is supposed to do—encourage investment in something we want more of. Few Americas would say, 'yes, I'd like more of my tax dollars to support the coal industry.' This matters, because at the moment the production tax credit (PTC) for wind power is under existential threa...

Full article: http://www.treehugger.com/environmental-policy/mitt-romne...

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