The leaders of our government don’t seem to realize that our fiscal problems are due to our massive debt.
They kept the wind farming subsidy alive.
The 13th-hour deal approved by both houses of Congress on New Year’s Day includes a provision extending the much discussed wind power production tax credit. The credit, which gives a tax break of 2.2 cents for every kilowatt-hour of energy produced by wind, was set to expire at the end of 2012 and will now include projects that complete construction in 2013.
According to wind energy industry players, the PTC remains crucial for the continued ascendance of wind power. The American Wind Energy Association, a lobbying group, said in a press release that the PTC’s extension could save up to 37,000 jobs. The group’s outgoing CEO, Denise Bode, thanked President Obama and Congress for the move.