GasBuddy Blog

GasBuddy News Article

votes

Battle grows over extending tax breaks for wind energy producers

Fox News -- Federal lawmakers warn that states stand to lose wind industry jobs if Congress fails to pass legislation to extend the federal tax break for wind energy producers, known as the production tax credit, which is due to expire at the end of this year.

"We're just not doing our job,' Sen. Michael Bennet, D-Colo., said. "We need to get after it."

Bennet and fellow Colorado Democratic Sen. Mark Udall are both concerned that their state alone could lose 6,000 jobs. And according to the American Wind Energy Association, as many as 37,000 manufacturing jobs could be at risk nationwide.

The producer credit helps offset the cost of electricity production during a wind farm's first 10 years. It came about in 1992 when the industry was still finding its legs. It's also something that must be renewed

Read the Full Article

Submitted May 02, 2012 By: angel4me

Back To News

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: Battle grows over extending tax breaks for wind energy producers	Post a Reply Back to Topics

REPLIES (newest first)Ignore Short Messages

First

Next Last

KAR120CSII Champion Author Oregon Posts:3,193 Points:623,520 Joined:Apr 2010	Message Posted: May 3, 2012 1:21:23 PM Ignore KAR120CSII Report Abuse Wind will work when we set up a real energy grid. And it won't need subsidies. And get the Chinese turbines out of here.
sparky808 Champion Author Honolulu Posts:3,013 Points:600,660 Joined:Sep 2011	Message Posted: May 3, 2012 12:30:25 PM Ignore sparky808 Report Abuse Thank you for posting.
Amplion Champion Author Oregon Posts:6,777 Points:1,867,010 Joined:Sep 2005	Message Posted: May 3, 2012 6:11:51 AM Ignore Amplion Report Abuse TERMINATE ALL TAX BREAKS !!!!
N5EXY Champion Author Austin Posts:5,502 Points:1,512,030 Joined:Jul 2004	Message Posted: May 3, 2012 12:05:07 AM Ignore N5EXY Report Abuse Lot of hot air.
FuelOilOH Champion Author Cleveland Posts:2,837 Points:1,180,220 Joined:Oct 2007	Message Posted: May 2, 2012 11:53:31 PM Ignore FuelOilOH Report Abuse Seems to me that when our Oracles of Energy in Washington decide to spend our money on yet another renewable energy project they should assign a timeline or an exit strategy as to when the free (our money) money will end and the company must then prove profitable. Then our all knowing Senate Sub Committees can haggle on what that time of free ride should be.
kgbellman Champion Author Ann Arbor Posts:2,723 Points:733,790 Joined:Mar 2011	Message Posted: May 2, 2012 11:50:50 PM Ignore kgbellman Report Abuse If it gets companies to explore the idea, it "might" be worth it
52MPG Champion Author Dayton Posts:7,272 Points:1,743,655 Joined:Apr 2006	Message Posted: May 2, 2012 11:45:10 PM Ignore 52MPG Report Abuse One should not depend on political favors to keep your business alive.
hotrod_brother Champion Author Tampa Posts:12,606 Points:2,232,195 Joined:Oct 2006	Message Posted: May 2, 2012 11:36:12 PM Ignore hotrod_brother Report Abuse "We're just not doing our job,' Sen. Michael Bennet, D-Colo., said. "We need to get after it." Got to love this quote from this idiot. Sound like most all of the politicians in D.C. We need to throw out the whole stinking bunch and start over. Come on November!
nomad228 Champion Author Columbus Posts:3,117 Points:575,140 Joined:Feb 2011	Message Posted: May 2, 2012 11:29:57 PM Ignore nomad228 Report Abuse i'm all for it if they will put one in my yard for free and hook it up so i never ever have to pay for electricity ever ever again and it passes to the next onwer of this property as in one of my relatives. : ) oh! and they maintian it for free in whats that big word they like to use on their contract to rip homeowners off in the government deals in perpituity or something like that.learn alot watching court tv.hahahahahahahaha and senate tv where they waste millions of tax dollars yacking for hors on nothing.
KrsnaDragon Champion Author Montreal Posts:2,417 Points:533,250 Joined:Nov 2011	Message Posted: May 2, 2012 11:28:58 PM Ignore KrsnaDragon Report Abuse The subsidization of ethanol as a motor fuel hardly worked -- how is this any different..?
CdnLynx Champion Author Ontario Posts:1,024 Points:524,960 Joined:May 2008	Message Posted: May 2, 2012 11:28:44 PM Ignore CdnLynx Report Abuse As much as I dislike tax breaks or some other type of subsidies, I find the tax breaks/benefits extended towards the oil industry even more distasteful and disturbing! The oil industry is dealing in a finite energy supply; if any industry is going to get subsidies, it would be more beneficial for the renewable energy to be receiving any benefits. However, the taxpayer is the one deserving/needing the break, they have been carrying the parasitic oil industry for far too long. Its time for non-renewable resource industry to be investing into the renewable energy not the taxpayer!
Lerxst17 Champion Author Dallas Posts:1,040 Points:399,850 Joined:Feb 2012	Message Posted: May 2, 2012 11:22:20 PM Ignore Lerxst17 Report Abuse I'm sick of subsidizing this crap.
RetFireLT Champion Author Kentucky Posts:2,660 Points:171,185 Joined:Mar 2011	Message Posted: May 2, 2012 11:20:53 PM Ignore RetFireLT Report Abuse They would do better to harnes all the hot air and gas coming from D.C.. We are already paying out the arse for it anyway.
Zonk Champion Author Michigan Posts:6,491 Points:2,104,715 Joined:Oct 2005	Message Posted: May 2, 2012 11:20:12 PM Ignore Zonk Report Abuse The biggest wind bag lives in the White House.
ssect8 Champion Author Hartford Posts:8,004 Points:2,094,720 Joined:Jun 2006	Message Posted: May 2, 2012 11:18:22 PM Ignore ssect8 Report Abuse Wind and solar are not the way of the future, stop wasting tax payer money.
NorthglennBill Champion Author Denver Posts:7,437 Points:1,474,870 Joined:Oct 2008	Message Posted: May 2, 2012 11:17:08 PM Ignore NorthglennBill Report Abuse I like wind farms. It is a way to produce electricity practically pollution free. But I line 20 year old subsidies even less. After 20 years it is time for the wind turbine industry to find a way to be affordable or time to try something else.
crreed1 Champion Author West Virginia Posts:1,995 Points:2,528,285 Joined:May 2005	Message Posted: May 2, 2012 11:16:35 PM Ignore crreed1 Report Abuse when do we get a tax break?
jetskijerry Champion Author North Carolina Posts:3,906 Points:774,220 Joined:Mar 2011	Message Posted: May 2, 2012 11:15:49 PM Ignore jetskijerry Report Abuse lower our prices
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: May 2, 2012 11:14:43 PM Ignore tedjm1 Report Abuse Time to stop gov't sponsored tax breaks. This is not helping our economy, nor is it helping Americas falling status.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:557,730 Joined:Mar 2006	Message Posted: May 2, 2012 11:14:26 PM Ignore Dodge_Me Report Abuse Hmm
otherdave Champion Author Indiana Posts:3,403 Points:1,271,110 Joined:Oct 2008	Message Posted: May 2, 2012 11:14:03 PM Ignore otherdave Report Abuse The biggest wind energy producers are in D.C. and they don't want any competiton!
mgune9 All-Star Author Dallas Posts:914 Points:200,395 Joined:Feb 2012	Message Posted: May 2, 2012 11:12:47 PM Ignore mgune9 Report Abuse windmill power has a very long way to go
regout Champion Author Quebec Posts:2,965 Points:834,655 Joined:May 2010	Message Posted: May 2, 2012 11:12:37 PM Ignore regout Report Abuse More fun.
jkpsr Champion Author New Jersey Posts:4,089 Points:1,103,855 Joined:Jun 2005	Message Posted: May 2, 2012 11:12:24 PM Ignore jkpsr Report Abuse 10 years on the public dole. When will they stand on their own?
jem069 Champion Author Detroit Posts:2,548 Points:689,030 Joined:Jan 2011	Message Posted: May 2, 2012 11:12:23 PM Ignore jem069 Report Abuse Ok
milespergallon Champion Author Illinois Posts:9,759 Points:1,911,285 Joined:Feb 2007	Message Posted: May 2, 2012 11:11:13 PM Ignore milespergallon Report Abuse More interested in news about the Natural Gas vehicle and/or the HYDROGEN Alternative Fuel Cell Vehicle than stupid junk about wind.
Bezalel Champion Author Oklahoma City Posts:12,108 Points:2,292,720 Joined:Oct 2006	Message Posted: May 2, 2012 11:10:25 PM Ignore Bezalel Report Abuse nightworker998, here the power company offers electricity from wind power at an EXTRA cost! How green is that? !
HEBster Champion Author Kentucky Posts:8,798 Points:2,375,975 Joined:May 2006	Message Posted: May 2, 2012 11:08:46 PM Ignore HEBster Report Abuse Gotta pay for themselves!
umitb Champion Author Indianapolis Posts:3,686 Points:845,390 Joined:Apr 2010	Message Posted: May 2, 2012 11:05:27 PM Ignore umitb Report Abuse ok
SBlouch Champion Author San Antonio Posts:8,740 Points:1,861,215 Joined:Apr 2007	Message Posted: May 2, 2012 11:05:15 PM Ignore SBlouch Report Abuse Gee, I would think with Obama being for alternative energy sources would get this tax break passed.
Toppers Champion Author Atlanta Posts:9,022 Points:2,472,645 Joined:Mar 2005	Message Posted: May 2, 2012 11:04:46 PM Ignore Toppers Report Abuse Gotta be self sustaining
bpj13 Champion Author North Carolina Posts:3,285 Points:876,400 Joined:Oct 2009	Message Posted: May 2, 2012 11:04:11 PM Ignore bpj13 Report Abuse Ok
nightworker998 Champion Author Maryland Posts:1,812 Points:668,365 Joined:Mar 2009	Message Posted: May 2, 2012 10:59:32 PM Ignore nightworker998 Report Abuse Wind farming large startup costs reasonable maintenance and profit due to no fuel costs all you need is for the wind to blow.
min_fuel Champion Author Philadelphia Posts:1,956 Points:722,545 Joined:Jan 2008	Message Posted: May 2, 2012 10:56:12 PM Ignore min_fuel Report Abuse Always about jobs, roll that out and things get different.
gasmanAR Rookie Author Arkansas Posts:1 Points:45,595 Joined:Sep 2008	Message Posted: May 2, 2012 10:55:58 PM Ignore gasmanAR Report Abuse wind power is great, but show the average joe the money he is saving ? zero?
jrsva Champion Author Virginia Posts:9,863 Points:1,614,950 Joined:Jan 2006	Message Posted: May 2, 2012 10:54:26 PM Ignore jrsva Report Abuse Wind “energy” is a fraud and delusion, at least in the eastern states. Wind produces small amounts of unreliable, low quality electricity. Wind turbines must have continuous backup from base-load generation (coal, nuke, etc), which can take over when the wind changes. Wind farms are really tax farms, sowing the fertile ground of government subsidy and tax preference to harvest windfall (literally) profits at the expense of taxpayers and consumers of electricity. The jobs benefit is also vastly overstated. Wind (tax) farms create some jobs during construction but only a few maintenance jobs in the longer term. The production tax credit should NOT be extended.
GoneUpAgain Champion Author Atlanta Posts:7,624 Points:1,348,175 Joined:May 2004	Message Posted: May 2, 2012 10:54:12 PM Ignore GoneUpAgain Report Abuse If the only way jobs can be created is through expensive tax breaks for companies that mostly fail, then I vote no. Government has no legitimate reason to be financially supporting (keeping alive) businesses that can not go it alone.
boatmen Champion Author New York Posts:3,085 Points:624,305 Joined:Jan 2011	Message Posted: May 2, 2012 10:52:18 PM Ignore boatmen Report Abuse Bet they make sure all is good for oil company's
SpankyMI Champion Author Kalamazoo Posts:2,723 Points:762,205 Joined:Jan 2011	Message Posted: May 2, 2012 10:51:13 PM Ignore SpankyMI Report Abuse Another waste of a good tax break.
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: May 2, 2012 10:51:09 PM Ignore tippybuddy Report Abuse o
DeeLA Champion Author Los Angeles Posts:4,828 Points:1,367,280 Joined:Nov 2008	Message Posted: May 2, 2012 10:49:12 PM Ignore DeeLA Report Abuse Old News.
q2 Champion Author Alberta Posts:2,044 Points:382,045 Joined:Nov 2008	Message Posted: May 2, 2012 10:49:01 PM Ignore q2 Report Abuse After 10 years it should be able to stand on its own.
abcdMA Champion Author Worcester Posts:7,937 Points:1,577,905 Joined:Nov 2008	Message Posted: May 2, 2012 10:48:04 PM Ignore abcdMA Report Abuse lose jobs--the adminstration is all ears now--another way to eliminate jobs
DriverofRed Champion Author Calgary Posts:2,188 Points:414,360 Joined:Dec 2011	Message Posted: May 2, 2012 10:44:59 PM Ignore DriverofRed Report Abuse so what?
glvdj Sophomore Author South Bend Posts:129 Points:534,505 Joined:Feb 2011	Message Posted: May 2, 2012 10:40:01 PM Ignore glvdj Report Abuse I'll take one! err two!
bif65 Champion Author Virginia Posts:1,023 Points:195,880 Joined:Jan 2011	Message Posted: May 2, 2012 10:38:50 PM Ignore bif65 Report Abuse ok
USCCRN Sophomore Author Long Island Posts:145 Points:104,240 Joined:Mar 2012	Message Posted: May 2, 2012 10:35:57 PM Ignore USCCRN Report Abuse Give more tax breaks for everyone in America!
HawaiianGuy Champion Author Idaho Posts:9,538 Points:3,081,650 Joined:May 2003	Message Posted: May 2, 2012 10:35:31 PM Ignore HawaiianGuy Report Abuse What? This is contrary to Obama's vision of a "Green Economy". It's all of those "shovel-ready" jobs, you know.
Ray_10589 Champion Author New York Posts:4,956 Points:1,184,935 Joined:May 2009	Message Posted: May 2, 2012 10:35:28 PM Ignore Ray_10589 Report Abuse we need a fairer tax system
gmcgas Champion Author Atlanta Posts:5,963 Points:1,716,120 Joined:Mar 2004	Message Posted: May 2, 2012 10:35:18 PM Ignore gmcgas Report Abuse no new taxes.