In a speech Thursday on the Senate floor, Senator Lamar Alexander (R-Tenn.) gave the following floor speech in response to the wind industry’s phase-out proposal of the wind Production Tax Credit:
“This government in Washington, DC, is borrowing 42 cents out of every dollar we spend. That is why I come to the floor to point out a proposal that has been made to fleece the taxpayers out of an additional $50 billion over the next 6 years. This is a proposal that is as brazen as a mid-day bank robbery on Main Street. It is a proposal by the wind developers of America to say to the taxpayers: ‘Please give us $50 billion or so more dollars over the next 6 years to phase-out the Federal taxpayer subsidy for wind power…’”
Watch the full video below:
The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.
