Lisa Linowes: Say No on a PTC Extension in COVID-19 stimulus
Lisa Linowes - March 21, 2020
As the White House and Congress negotiate a massive Covid-19 stimulus, the wind and solar industries are pushing for more PTC/ITC extensions. They are shameful and our political class can't be trusted. This letter to Congressional leaders emphasizes why the subsidies should expire as promised in 2015.
We are among the millions of taxpayers who watched in stunned disbelief as Senator Grassley and others in leadership reneged on their 2015 promise to permanently end the wind production tax credit (PTC) by 2019 if we accepted the phase-down. Instead, during the final hours before the December 2019 holiday break Congress voted for a PTC extension with an increase.
Now, less than 3 months later, the wind industry is again seeking preferred treatment as part of the COVID-19 stimulus bill negotiations. During this time when the health and finances of Americans are at risk due to this forced COVID-19 economic slowdown, it’s essential for Congress to understand the facts about wind and look past the hype promoted by industry proponents.
Please consider the following:
According to the US Treasury, the PTC and ITC represent the most expensive government expenditures in the energy sector over the next decade. Together, they dwarf all other energy-related credits and will reach over $9 billion in 2021 and over $60 billion by 2029.
(source: https://home.treasury.gov/system/files/131/Tax-Expenditures-2021.xlsx )
Please continue reading here:
http://www.windaction.org/posts/51080-say-no-on-a-ptc-extension-in-...
Views: 216
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Comment by Willem Post on March 23, 2020 at 4:57pm
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The virus relief package was twice voted down, in the Senate, because the Democrats were eager to get their laundry list into the Senate bill that had nothing to do with virus relief, including additional tax credits for solar panels and for wind turbines!!!!!
The list includes at least 10 items.The Democrat leadership did not want to waste the crisis to get what they wanted.
Now, while “Rome is burning”, Pelosi is going to take her sweet time to write her own House bill.
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Dudley - I think that gax tax is already set to sunset "when hell freezes over". Our Dear Transportation leader can't see beyond the status quo for innovation and efficiency. I think their prediction is $324 million a year shortfall on STATE roads and bridge repairs. And that's just 8000 out of the 12000 miles of roads we have. That shortfall will come from gas taxes and bonds - but where does the money to repay bonds come from? At some point roads became unsustainable and we need a new solution. As I like to say - we have reached the End of the Road.
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The plus side of this crisis when ended is to TRADE the 2 trillion in benefits to Americans and businesses in this financial crisis for the subsides provided to every crony capitalist ,subsidy recipient , mercantilist which should include all entities such as wind , solar etc. This goes for every state and municipality. How about we have a sunset gasoline tax of 10-20 cents so we can fix the roads instead of adding more toll booths.. FIX THE ROADS.
DUDLEY GRAY
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Comment by Gary Campbell on March 22, 2020 at 5:12pm
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As Rahm Emmanuel once said "Never let a good crisis go to waste". How pathetic!
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I'd say HHS has a shot at beating that $60 billion mark,
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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