"The principal federal support for wind energy, the so-called Production Tax Credit (PTC), is scheduled to expire at the end of this year. The undersigned organizations and the millions of Americans we represent stand opposed to extending the wind PTC. This special provision continues the deplorable practice of using the tax code to favor certain groups over others."Whenever the government protects a particular industry, as it has with wind energy production, the industry tends to remain dependent on it. As Nobel laureate economist Milton Friedman noted, 'The infant industry argument is a smoke screen. The so-called infants never grow up.' The wind PTC, like other green energy incentives, is a prime case in point. The PTC was created in 1992 to get the wind industry off the ground. Yet 20 years later, we have little to show for it. We're still providing a $5 billion special tax break each year for an industry that supplies just over 2% of our power."If a new technology truly has worthwhile benefits for American consumers such as lower cost, higher efficiency, or environmental benefits, then that technology will demonstrate its value by competing in the open market for consumers' dollars -- not by living off of special provisions in the tax code. American consumersnot Washington lawmakersshould decide the future of American energy."It is time to end special tax provisions that distort the energy market and increase energy prices. We urge you to let the wasteful wind PTC expire as planned at the end of the year."
32 Years of Environmental Reporting for serious Environmental Professionals