“Perverse tax incentives such as the PTC serve only as an encouragement for Colorado’s green fantasies and wind profiteers.”
Amy Oliver Cooke and Michael Sandoval write in the Pueblo Chieftain:
Colorado’s newspapers are loaded with pleas to extend the current 2.2 cents per kilowatt-hour Production Tax Credit for wind energy. With the exception of Republican Rep. Doug Lamborn, the entire Colorado congressional delegation signed a letter urging Congress to continue the PTC at a cost of $3.5 billion annually.
We disagree with the majority and wonder why Americans should subsidize Colorado’s green fantasy and a resource that is neither practical nor economically viable…