This Thursday the Senate Finance Committee is taking up a bill that extends the wind production tax credit, a handout for wind energy producers that distorts our energy markets. It’s long past time for Washington to stop using the tax code to manipulate our economy and our energy production.
Thankfully, one of your senators sits on the Finance Committee and he or she will have a chance to vote on whether to extend this subsidy.
Click here to email your senator’s office today and urge a no vote on the Wind Production Tax Credit.
This subsidy is actually scheduled to expire at the end of the year. This time it’s easy for Congress to do the right thing: just do nothing, and these wasteful subsidies will expire as planned.
These types of energy subsides are poor policy. Just look at the subsidies for ethanol, which despite decades of preferential treatment is still not self-sustaining. Or look at the hundreds of millions of taxpayer dollars wasted on green energy companies like Solyndra, Beacon Power and Ener1, all of which are now bankrupt.
The wind power industry itself said they only needed taxpayer support for a little while to help them get off the ground. That was 20 years ago, and we’re still providing a $5 billion special tax subsidy each year for an industry that supplies just over 2% of our power.
It’s time for this subsidy to end.
Click here to email your senator’s office today and urge a no vote on the Wind Production Tax Credit.
Americans for Prosperity® (AFP) is a nationwide organization of citizen leaders committed to advancing every individual's right to economic freedom and opportunity. AFP believes reducing the size and scope of government is the best safeguard to ensuring individual productivity and prosperity for all Americans. AFP educates and engages citizens in support of restraining state and federal government growth, and returning government to its constitutional limits. AFP has more than 2,000,000 members, including members in all 50 states, and 34 state chapters and affiliates. More than 95,000 Americans in all 50 states have made a financial investment in AFP or AFP Foundation. For more information, visit www.americansforprosperity.org
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