2,000 Greedy Organizations Leaching Off the PTC.

Comment

Comment by Eric A. Tuttle on September 18, 2015 at 10:08am

How is it a tax increase? The PTC's reduce their taxes, thus increasing ours. Logically, I.E .... if a town (or nation) needs a million dollars for the year, from 1000 taxpayers at $1000 each and one gets a 2% tax credit, that means 999 persons need to make up that 2%.  Removal of the PTC's would result in a tax decrease. If the premise is used that they would pay a percentage of their production in taxes, it would result in a tax decrease for the other 999 persons, though not an equal percentage of the requirement. However if they have an excess of product, that they can not sell, those taxes would not be collected from sales or income taxes due to employment reduction, resulting in a tax increase for the 999. The balance is market driven competition, not Government intervention to serve or promote an ideal. The government needs to remove all subsidies and other sources of welfare from all energy sectors. During WWII when Rapid Action was needed, in defense, this was needed. However today, given a proper risk to reward ratio, vs a pocketed Welfare to Market mix, government is not to conduct business of the private sector. It is forbidden for government to be preforming or competing with businesses that exist. It is only to do what only can not be done by the private sector up until those capabilities are established. Much of today's accounting, social programs, medical and others should be divorced from direct government employment where a private capacity exists, though retention of oversight should exist as needed.

End the PTC's Give us a tax break.  

Comment by Paula D Kelso on September 17, 2015 at 9:03pm

So the 2,000 leachees say,

As the signees of the letter made clear, not only are the “tax provisions … critically important to US jobs and the broader economy,” but any “failure to extend these provisions is a tax increase” that they believe “will inject instability and uncertainty into the economy and weaken confidence in the employment marketplace.”

So if the tax credits and handouts stop, taxes will go up?! Not for the millions of taxpayers who would be helping fund these scams. Why should we pay more taxes so foreign corporations can come into Maine and ruin our state's natural resources and they get the tax benefits. Elsewhere it talks about 500 factories and thousands of US workers employed in manufacturing wind turbines. Really? Anyone got the truth on that one? Seems to me that the article lumps several different tax ripoffs in with wind energy and thereby makes a lot of false statements.

Comment by Eric A. Tuttle on September 17, 2015 at 5:18pm

The new Texas 90 turbine facility temporarily provided 300 jobs, with but 20 remaining, while occupying 33,000 acres. Though the article did not state whether or not the 20 jobs remaining were direct employment or increases in service sector jobs such as building homes or facility related or minimum wage jobs serving food.  The real truth can only closely had with a visit to those areas and with scientific based calculations of physical abilities such projects. Something that is suppose to be provided to the public by those receiving public funding, and our taxpayer supported research agencies who can not seem to do the job they are paid to do, but rather utilize slanted or false industry data under a disclaimer.