Senate Committee seeks to make renewable energy handout “permanent”

The Never Ending Renewable Energy Handout

By Institute for Energy Research —— Bio and Archives--May 21, 2010

Global Warming-Energy-Environment | Comments | Back To Full Article

Washington, D.C. – Acknowledging that some sources of energy just can’t cut it on their own, the Senate Finance Subcommittee on Energy, Natural Resources, and Infrastructure held a hearing today to consider making the manufacturing tax credit for renewable energy technologies permanent. This program was created last year as part of the $787 billion stimulus package. To date, the program has granted $2.3 billion worth of tax credits and is said to “generate” 17,000 jobs (that’s $135,295 per job for those inclined to crunch the numbers).

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