Green Subsidies Bill Perfectly Illustrates Washington’s Spending Addiction

Christmas came early last year for green companies looking for Washington handouts after Congress passed legislation extending massive subsides for wind, solar, and other renewable energy companies. Now the Senate is attempting to ensure that Christmas comes again for these same companies by expanding the qualifying sources for green goodies. Some senators are under the impression that energy subsides help spur “innovation.” They want to therefore attach targeted tax breaks for renewable energy sources as part of legislation to reauthorize funding for the Federal Aviation Administration. The tax credits benefit companies producing energy from fuel cells, geothermal, biomass, combined heat and power systems, and small wind power. The problem with this is that free enterprise, not the federal government, drives energy innovation. More...