A business that cannot survive without taxpayers paying 50 percent of the costs does not help the economy
Wind Energy Subsidies Are As Useful As VHS Tape Subsidies
The wind production tax credit is set to expire at the end of this year, which has the industry crying out for continued subsidies.
Heritage’s Nicolas Loris has made the case that the wind energy tax credit makes as much sense as a VHS production tax credit. Can you imagine the logic: “We can’t afford to lose our VHS tape manufacturing plants. They provide valuable jobs. Americans need a variety of ways to watch recorded entertainment.”
Loris says this is what proponents of wind energy tax credits sound like.
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The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
