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At the Basic American Rights Seminar in Eugene, Oregon on September 29, the keynote speaker was Ann McElhinny, director of the documentaries Not Evil, Just Wrong and FrackNation. Always an energetic speaker, one subject of her talk really stuck out.
America needs an energy policy that embraces the nation’s abundant natural resources. Yet the government’s continues to push wind energy, which has done little to create more affordable or reliable energy. After 20 years of government subsidies for the wind industry spearheaded by the Production Tax Credit (PTC), wind energy remains unreliable, economically disastrous, and harmful to the environment.
The $800 billion plus stimulus package passed back in 2009 had huge implications for the wind industry. Under the section 1603 program, 75 wind farms across the country received over $4.4 billion worth of federal grants.
Many proponents of wind energy, including our current president, point to Europe as an example of how successful the wind industry can be if only given a chance in America. But how well is the wind industry really doing in Europe?
Yesterday the Senate Finance Committee passed the Family and Business Tax Cut Certainty Act of 2012. Included in the Chairman’s mark are proposals to extend the Production Tax Credit (PTC). Under current law, taxpayers can claim a 2.2 cent per kilowatt hour tax credit for wind electricity produced for a 10-year period. This proposal would extend the PTC for another year allowing renewable energy facilities that begin construction before the end of 2013 to claim the 10-year credit.
A common misconception exists in the alternative energy circle that says wind power does not cause environmental damage. This is simply not true. The wind industry has negative impact on the environment as acknowledged by the Global Wind Energy Council and other proponents of wind energy.
The federal government has been subsidizing the wind industry for almost two decades under the Production Tax Credit (PTC). Despite costing taxpayers over $1billion annually and providing for less than 3 percent of total electricity generation in the country, the president insists on extending the program indefinitely.
It’s a liberal cocktail of big government that no one wants to drink and it’s being served to you in the Flood Insurance bill, S. 1940. The bill is designed to return fiscal solvency back to the Federal Flood Insurance Program (FFIP) which was started back in the 1960’s. The program, like most other federal schemes deemed “self-sustaining” has been drowning, mind the pun, in debt.