For decades, the government has doled out billions of dollars
in tax subsidies to the wind power industry. The program, called the Wind
Production Tax Credit, has provided wind companies with a subsidy of $22 per
megawatt-hour of energy generated since 1992.
Originally intended to expire in 1999, Congress is currently debating
an eighth extension of this harmful subsidy. The Joint Committee on Taxation estimates
a one-year extension would cost $12.1 billion.
Despite being propped up by hardworking taxpayers, the wind
power industry has proven incapable of competing on the free market stage. Wind
generates less than 3 percent of the nation’s power supply, and there are few
signs of improvement in the near future.
Our government has a nasty habit of picking winners and
losers – and the Wind Production Tax Credit is a sure-fire loser. Congress
should allow the program to expire, and finally force wind power to stand on
its own two feet.
Sign this petition and demand Congress stop propping up this wasteful special
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