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Author Topic: Wind Power  (Read 13527 times)

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Re: Wind Power
« Reply #30 on: April 05, 2014, 02:15:57 pm »
US Senate Committee Votes to Extend Tax Breaks for Wind Farms

 Stephen Ohlemacher, Associated Press 
 April 04, 2014  |  2 Comments 

WASHINGTON, D.C. -- U.S. wind farms would keep their treasured tax breaks as part of an $85 billion package of temporary tax cuts passed by a key Senate committee Thursday.

Some U.S. firms with foreign income would be winners too after Senate Finance Committee Chairman Ron Wyden, D-Ore., backed off plans to significantly trim the package.

Congress routinely passes the package of more than 50 temporary tax breaks for businesses and individuals, but they were allowed to expire at the start of the year. The Senate Finance Committee voted Thursday to extend all but two of them through 2015.

The bill passed on a voice vote, with support from both Democrats and Republicans.

Congress is expected to pass the tax package by the end of the year, so businesses and individuals can continue to claim the tax breaks when they file their 2014 taxes next year.

Wyden acknowledged that periodically extending temporary tax breaks makes it difficult for businesses and families to plan. He said he hopes to work on a comprehensive overhaul of the tax system, making some of the tax breaks permanent while eliminating others.

"Many of these extenders are well-intentioned and ought to be permanent," Wyden said. "Their stop-and-go nature obviously contributes to the lack of certainty."

But Wyden's inability to scale back the package shows how difficult it can be to cut cherished tax breaks.

"The challenge on taxes is to always try to find the common ground where you can move ahead," Wyden said after the vote.

Wyden's initial draft of the bill would have eliminated a generous tax credit for using wind farms and other renewable energy sources to produce electricity. But the credit was restored, at a cost of $13.3 billion.

Sen. Chuck Grassley, R-Iowa, claimed credit for saving it.

"Renewable energy supports thousands of jobs and generates billions of dollars in investment across the country," Grassley said. "It's good news for the economy and for energy diversity to restore these provisions."

Democratic leaders havenít scheduled the measure for consideration by the full Senate. In the Republican-led House of Representatives,   lawmakers are focused on making some provisions permanent and repealing others.


Add Your Comment
 April 5, 2014 

After 20 years of tax breaks for wind that have cost a 100 billion dollars we have an industry that is dependent upon the taxpayers as much as any Pentagon contractor. About half the cost of any wind turbine is paid for with federal subsidies. On top of this there are state mandates and various backdoor subsidies to expand the grid at other people's expense rather than the wind farm paying for this like other power generators. At the same time the wind quality at new sites is decreasing that implies we have used up most of the really good sites when considering both wind conditions and transmission costs.

This raises questions. Should the taxpayer rather than the ratepayer pay for electricity bills in the U.S. That is what this level of subsidy implies. Should the political establishment make technology choices? It is a fundamental policy shift in the U.S. Historically the role of government has included R&D and subsidies to help commercialize new technologies. That is to address risks considered too large for the private sector to bear. However, today it is a subsidy program so large that it would make American agriculture blink in disbelief. It is state planning that matches the old Soviet Union--with every indication that it is working about as well. This experiment as been done in Germany where it has managed to double electricity costs within a decade and increase carbon dioxide emissions while only producing 24% of the total electricity demand.

 A. G. Gelbert   
 April 5, 2014 

Dear ANONYMOUS Koch Brothers/Big Oil Shill/Liar/Mens Rea/Actus Reus (you get the idea....):

After 100 years of forced subsidies for fossil fuels including contrived shocks, cheap land and ocean use rights compliments of we-the-people, wars for MORE fossil fuel profits, wars for protection of Big Oil resources, not U.S. national security (It's always been about Big Oil greed security but the PR is ALWAYS flag waving scare mongering), I praise your amazing ability to totally ignore truth, ethics, mathematics, reality and the laws of thermodynamics in your never ending quest to get more profit over planet. Mephistopheles is proud of you. You are a walking, talking example of an ethics free human. Have a nice day.   

For those, unlike the above ANONYMOUS(E) (as in "hidden rat") master of mendacity who holds a doctorate in doubletalk, who want read about how the U.S. was PREVENTED from transitioning to 100% renewable energy by the year 2000, go here.


Hope deferred maketh the heart sick: but when the desire cometh, it is a tree of life. Pr. 13:12


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