Senator Lamar Alexander notes in his recent speech before the Senate that the production tax credit (PTC) sought by the heavily funded American Wind Energy Association lobby was initially intended to be a temporary tax break when it began in 1992.
Still begging after all these years, the wind business – aka energy’s hobo – has re-defined the abbreviation PTC to mean Permanent Tin Cup.
Senator Alexander, like many of us, asks: “And what do we get in return for these billions of dollars of subsidies? We get a puny amount of unreliable electricity that arrives disproportionately at night when we don’t need it.”
Senator Alexander’s full comments provided here for your convenience:
Full text at MasterResource: Sen. Alexander: Statement on Production Tax Credit ($27 billion over 10 years is enough!)