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This week, Reps. Kenny Marchant and Mike Pompeo introduced H.R. 1901, a bill to eliminate the wind Production Tax Credit (PTC).This legislation has several important provisions. First, it repeals the inflation adjustment, which would save taxpayers approximately 35% for the reminder of the ten-year window. It slightly adjusts and tightens the “beginning of construction” language […]
WASHINGTON – Today, the American Energy Alliance lauded Representatives Kenny Marchant and Mike Pompeo for introducing H.R. 1901, a bill to eliminate the wind Production Tax Credit (PTC). The bill tightens eligibility requirements for new wind projects, ends an inflation adjustment provision—saving taxpayers about 35 percent—and repeals the underlying statute so the subsidies will stop […]
The wind industry often peddles the false claim that conventional energy sources like natural gas, coal, and nuclear receive more subsidies than wind power. Industry lobbyists at the American Wind Energy Association (AWEA) use this myth as a talking point to push for more subsidies, including the federal Production Tax Credit. In reality, the exact […]
Randy Simmons, professor of political economy at Utah State University, recently co-authored an article with Strata Policy Analyst Megan Hansen that sheds light on the true, hidden cost of wind power. Simmons and Hansen find that the enormous amount of federal subsidies and grants given to wind power every year make it hard for Americans to understand just […]
From FY 2010 to 2013, wind subsidies increased by 9 percent from $5.4 billion to $5.9 billion. So while you’re paying your hard-earned taxes, know that Big Wind is living large.
Amid last week’s fierce Senate debate over the Keystone XL pipeline bill, Sen. Chuck Schumer of New York made light of the economic benefits of the pipeline when he said, “The fact is that the Keystone would create only 35 permanent jobs—a drop in the bucket. A fried chicken franchise creates about as many jobs.” […]
This week the American Wind Energy Association’s (AWEA) CEO Tom Kiernan published an op-ed at The Hill‘s Congress Blog titled “The State of the Wind Industry is Strong.” We noticed that Mr. Kiernan’s piece omitted several important points about the state of American wind energy, so we took it upon ourselves to make those additions for him, our […]
WASHINGTON — American Energy Alliance President Thomas Pyle issued the following statement on the Senate approving an extension of the wind Production Tax Credit (PTC): “Christmas came early for wind industry lobbyists courtesy of the United States Congress. By passing a retroactive extension of the wind Production Tax Credit, Congress is taking money out of […]
American Energy Alliance President Thomas Pyle published an op-ed today for the Las Vegas Review-Journal titled “It’s time for wind tax credit to get blown away.” The text of the op-ed follows: Lame-duck Senate Majority Leader Harry Reid soon will lose control of a chamber he has helmed for eight years. As the sun sets on his reign, one […]
Speaker of the House John Boehner issued the following statement today on President Obama’s climate deal with China: “This announcement is yet another sign that the president intends to double down on his job-crushing policies no matter how devastating the impact for America’s heartland and the country as a whole. And it is the latest […]