The President’s Budget and the PTC
Budget, electricity, ITC, Obama, PTC
By Institute for Energy Research —— Bio and Archives--February 18, 2015
Global Warming-Energy-Environment | Comments | Back To Full Article
In his recently proposed budget for Fiscal Year 2016, President Obama includes permanent extensions to the wind Production Tax Credit (PTC) and Investment Tax Credit (ITC) amounting to $31.5 billion over ten years. Coupled with its stated desire to limit carbon dioxide emissions, the Administration is continuing its pattern of punishing energy sources that work while subsidizing those that do not pass the market test.
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