Wind Power Tax Credit ‘Dead’ in Congress This Year, according to Bloomberg.com
Don't ever count out the greedy push of the wind developers but according to this Bloomberg.com post, the revival of the wind industry's sacred Production Tax Credit may be dead this year.
Here is the lead in to the article, followed by the link:
Mar 11, 2014 5:18 PM ET
A federal tax credit that benefits wind power projects is dead in Congress this year as Republicans seek a broader tax overhaul, Representative Charles Boustany said.
“Maybe there will be some in the Senate who will try to revive it but I really do think it’s dead in the House,” Boustany, a Louisiana Republican and member of the House Ways and Means Committee, said in an interview today in New York. While the credit might be revived as part of lame-duck legislation after the November elections, that seems unlikely, he said.
http://www.bloomberg.com/news/2014-03-11/wind-power-tax-credit-dead...
The most galling excerpt from this article comes, of course, from the wind industry:
The credit’s demise amounted to “retroactive tax increases” for wind companies that have invested as much as $25 billion a year in U.S. projects and would undermine investor confidence, said Tom Kiernan, chief executive officer at the American Wind Energy Association.
REALLY?? Since when has loss of a taxpayer give away to a special interest ever been construed as “retroactive tax increases”? These thieves have had enough taxpayer subsidies!
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Comment
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Comment by clyde macdonald on March 12, 2014 at 1:37pm
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The wind corporations may play in Maine the role that the Koch brothers are playing nationally by bankrolling our political candidates This bears careful watching. As a life-long Democrat, I am disturbed hat so many Democrat politicians have been bowled over by false claims from the notorious wind power corporations. I may only hope that campaign financial reports will not reveal that wind power contributions to them have been massive. Oh, yeah, the partisan Republican majority on the US Supreme Court, via the Citizens United decision assures that we will never know.
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Comment by Dan McKay on March 12, 2014 at 8:41am
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Because Maine State Legislators can never muster the guts needed to eliminate taxes, such as the mounting array that adorn our electric bills, ( RGGI, Efficiency Maine, RPS, PUC long term renewable contracts ), maybe they can add a tax on the output from wind conversion projects to offset the current taxes on electricity that enables the wind conversion industry. Of course, this is a moronic idea, but a " retroactive tax increase " will, no doubt, persuade some of the idiots forming and shoving energy policy upon us.
Maine as Third World Country:
CMP Transmission Rate Skyrockets 19.6% Due to Wind Power
Click here to read how the Maine ratepayer has been sold down the river by the Angus King cabal.
Maine Center For Public Interest Reporting – Three Part Series: A CRITICAL LOOK AT MAINE’S WIND ACT
******** IF LINKS BELOW DON'T WORK, GOOGLE THEM*********
(excerpts) From Part 1 – On Maine’s Wind Law “Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine if the law’s goals were met." . – Maine Center for Public Interest Reporting, August 2010 https://www.pinetreewatchdog.org/wind-power-bandwagon-hits-bumps-in-the-road-3/From Part 2 – On Wind and Oil Yet using wind energy doesn’t lower dependence on imported foreign oil. That’s because the majority of imported oil in Maine is used for heating and transportation. And switching our dependence from foreign oil to Maine-produced electricity isn’t likely to happen very soon, says Bartlett. “Right now, people can’t switch to electric cars and heating – if they did, we’d be in trouble.” So was one of the fundamental premises of the task force false, or at least misleading?" https://www.pinetreewatchdog.org/wind-swept-task-force-set-the-rules/From Part 3 – On Wind-Required New Transmission Lines Finally, the building of enormous, high-voltage transmission lines that the regional electricity system operator says are required to move substantial amounts of wind power to markets south of Maine was never even discussed by the task force – an omission that Mills said will come to haunt the state.“If you try to put 2,500 or 3,000 megawatts in northern or eastern Maine – oh, my god, try to build the transmission!” said Mills. “It’s not just the towers, it’s the lines – that’s when I begin to think that the goal is a little farfetched.” https://www.pinetreewatchdog.org/flaws-in-bill-like-skating-with-dull-skates/
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Hannah Pingree on the Maine expedited wind law
Hannah Pingree - Director of Maine's Office of Innovation and the Future
"Once the committee passed the wind energy bill on to the full House and Senate, lawmakers there didn’t even debate it. They passed it unanimously and with no discussion. House Majority Leader Hannah Pingree, a Democrat from North Haven, says legislators probably didn’t know how many turbines would be constructed in Maine."
https://pinetreewatch.org/wind-power-bandwagon-hits-bumps-in-the-road-3/
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