We’re broke – But not too broke to stop funding wind farms.
The White House boasted over the wind energy incentives they were able to include in their Senate fiscal cliff plan. The fiscal cliff budget package approved by the U.S. Senate today will provide a one-year extension of
the wind production tax credit.
Extension of renewable energy incentives, the R&E tax credit and other business incentives: The agreement extends tax relief for businesses through the end of next year. This means extending the Production Tax Credit, a key incentive for renewable energy that many Republicans had been trying to end, as well as the Research & Experimentation tax credit. In addition, the agreement extends 50 percent bonus depreciation, a cost-effective temporary measure to support investment and growth. All of these would be extended through the end of 2013.
"Barry wants to give in Incentives for Wind Farms that don’t produce enough power to lite up a small town, but he won’t give any Incentives for the real energy, Coal, Natural Gas, and Oil. Nice to see Obama discriminating against Industries he has a prejudice towards and with the help of the Republican Congrassholes. I want to see one of these ugly wind farms on Obama’s Hawaiian estate 5 years from now. No f**cking chance." MC