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Monday, December 24, 2012

One Nice Part


Not every part of the fiscal cliff is something scary. One nice part is that the tax credit for "wind energy" will expire on December 31st. There seems little chance that it will be renewed. The tax credit costs Americans well over one billion dollars per year. It was passed originally as a mechanism to give wind power an initial boost to get it started. Since then, the credit has morphed into a perpetual sinkhole where federal funds go to die. If wind energy is ever to become economically viable, it should already have reached that point. There is no need for a never ending subsidy to this industry. It will be nice to see it go.




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