National Resources Defense Council makes flawed case for PTC
If policy wonks want to recommend policies that boost job growth, lower energy prices, and provide greater tax revenues, then removing federal obstacles to conventional energy development makes more sense than extending the PTC
The Natural Resources Defense Council (NRDC) is touting two new studies that allegedly show the benefits of the Production Tax Credit (PTC) for the U.S. economy. Yet their arguments are flawed, and if anything simply show the superiority of removing federal obstacles to profitable energy sources such as coal, oil, and natural gas.