Romney camp: Let wind energy tax credits expire

posted at 7:21 pm on July 30, 2012 by Erika Johnsen

Finally. You may know that I’m generally irked by subsidies in all of their many forms, since subsidies always and necessarily serve to distort free-market signals in some regard — but the elimination of these particular subsidies are particularly dear to me, seeing as how I’m one of those darn “libertarian free-market fundamentalists” the wind lobby hates so very much. President Obama is obviously a major proponent for making sure that federal incentives for green-energy production are here to stay, and I’ve been waiting for Romney to distance himself from this little money-wasting feat of government stupidity and stick to the free-market line.

Campaign aides confirmed that Romney wants the quick demise of the credits, which will lapse in less than six months absent congressional action, ending uncertainty about how he wants to phase out the credits.

“He will allow the wind credit to expire, end the stimulus boondoggles, and create a level playing field on which all sources of energy can compete on their merits,” Shawn McCoy, a spokesman for Romney’s Iowa campaign, said in a statement to The Des Moines Register.

“Wind energy will thrive wherever it is economically competitive, and wherever private sector competitors with far more experience than the president believe the investment will produce results,” McCoy said

Heh. The wind lobby will have a hissyfit. (‘And I would’ve gotten away with it, too, if it hadn’t been for you meddling libertarian free-market fundamentalists!’) Wind’s influential supporters are already upset because uncertainty over the tax credit is causing layoffs in the wind industry, and the end of the subsidies would cause a major contraction for them. But proponents might want to ask themselves, why is it that wind energy’s future is so inextricably linked to the extension of these subsidies?

Oh, that’s right — because wind energy is perhaps one of the dumbest things the government has ever spent our money on, ever. Shouldn’t the fact that the industry has been so dependent on these tax credits for so long send up some red flags? As The Hill article states, “The number of new wind power installations have fallen off sharply in the past when the credit has been allowed to lapse, which last happened in 2004.” Wind is not yet capable of surviving on its own in the free market, and it’s been sucking up our money for far too long.


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‘And I would’ve gotten away with it, too, if it hadn’t been for you meddling libertarian free-market fundamentalists!’)

Nice Scooby-Doo plug.

gsherin on July 30, 2012 at 7:25 PM

President Obama is obviously a major proponent for making sure that federal incentives for green-energy production are here to stay

and by “stay” you mean “long enough to get your Solyndra plant built, running, and realize that, despite the subsidy, nobody wants solyndra solar panels and then it fails”, right?

/definitions.

ted c on July 30, 2012 at 7:26 PM

No more subsidized bird-chopping?

Tim_CA on July 30, 2012 at 7:28 PM

Wind’s influential supporters are already upset because uncertainty over the tax credit is causing layoffs in the wind industry,

Imagine what would happen today if NPR+PBS are uncertain over their future funding :D

burrata on July 30, 2012 at 7:32 PM

Let ALL tax credits expire.

Grunt on July 30, 2012 at 7:33 PM

ted c on July 30, 2012 at 7:26 PM

I meant to thank you for clearing up some details I didnt know about the Iran expedition under Carter

kenny on July 30, 2012 at 7:33 PM

Romney camp: Let wind energy tax credits expire

…oh oh!…Where is JugEars going to get money beside Hollywood then?

KOOLAID2 on July 30, 2012 at 7:38 PM

Music to my ears Mitt.

tom daschle concerned on July 30, 2012 at 7:40 PM

stop the war on lesbian seagulls ( and LGBT golden eagles) !!!!!

a July 2008 study of the wind farm at Altamont Pass, California, estimated that an average of 80 golden eagles were killed there by wind turbines each year. The study, funded by the Alameda County Community Development Agency, estimated that about 10,000 other protected birds were being killed along with the eagles every year at Altamont. Where is the outrage over this slaughter? It would seem ecologists have a blind spot when it comes to the wind energy industry. As a result, the carnage caused by wind turbines, the “Cuisinarts of the Air,” is getting greenwashed. And birds are not the only creatures wind turbines kill—they kill bats and people as well.

http://www.theresilientearth.com/?q=content/wind-power-green-and-deadly

“Cuisinarts of the Air” !!!!!

mittens on July 30, 2012 at 7:42 PM

Boy howdy, Mitt’s pissing off all the right people today.

Bazinga

bluealice on July 30, 2012 at 7:42 PM

Please end the Solyndra boondoggles.

Would any venture capitalist invest in a company that made a product for $12, sold it for $6 in a market where your competitors price was $3?

I think not…with much laughter as you scuttled out of the room. But Team Super Genius Wyle B. Obama did. Of course the man not knowing what year it is is proof of unbelievable super genius…..and all the other F’ ups.

jukin3 on July 30, 2012 at 7:43 PM

Campaign aides confirmed that Romney wants the quick demise of the credits, which will lapse in less than six months absent congressional action, ending uncertainty about how he wants to phase out the credits.

Hope Romney feels the same about the ethanol subsidy, which is even more absurd and costly than these idiotic wind energy ones.

TXUS on July 30, 2012 at 7:43 PM

Solar is next.

GarandFan on July 30, 2012 at 7:43 PM

The country needs to learn how much they’ve paid for the wind power sham.

Speakup on July 30, 2012 at 7:44 PM

Wind energy blows.

OldEnglish on July 30, 2012 at 7:44 PM

A good start.

While we’re at it why don’t we offer reparations to all of GM’s debtors. The UAW can pay them in stock if they don’t have the cash.

CorporatePiggy on July 30, 2012 at 7:45 PM

Yeah, and aren’t these credits basically tax cuts for the wealthy and for the evil corporations that own the wind farms?

TXUS on July 30, 2012 at 7:47 PM

YES! These landscape marring, noise pollution imparting, bald eagle killers do not make any economic or energy sense. On the margins it crowds out conventional energy, raises the cost of energy for everybody, and the huge govt subsidies are simply not sustainable (look at Europe).
The only possible justification is gwarming, but we know that’s bunk (currrent temps are not unusual + contrary to the ipcc claims there is no evidence that CO2 causes warming!); and further, wind does not even help reduce our “carbon footprint,” because when you add up all the resources and subsidies needed to produce a given amount of inefficient wind energy, CO2 use per kilowatt is going to be higher than conventional energy! (google it)

anotherJoe on July 30, 2012 at 7:47 PM

Cut liberals off from all oil and oil products. Give them wind and solar without recourse to anything else. And that includes their facelifts that use oil by-products. Hear that Mistress Pel…?

kenny on July 30, 2012 at 7:49 PM

Freebird!

thatsafactjack on July 30, 2012 at 7:52 PM

There are very few liberals and conservatives who truly get energy.

Romney comes closer than almost anyone else.

Alberta_Patriot on July 30, 2012 at 7:53 PM

WOR ON WINDZ!!1

thirtyandseven on July 30, 2012 at 7:54 PM

ted c on July 30, 2012 at 7:26 PM

I meant to thank you for clearing up some details I didnt know about the Iran expedition under Carter

kenny on July 30, 2012 at 7:33 PM

No sarcasm here Ted. You are a gentleman.

kenny on July 30, 2012 at 7:55 PM

Hope Romney feels the same about the ethanol subsidy, which is even more absurd and costly than these idiotic wind energy ones.

TXUS on July 30, 2012 at 7:43 PM

Especially considering this news today.

Corn prices hit record as crops shrivel

btw, in Nov. 2011 Romney said this

“I’m not running for office based on making promises of handing out money. And you’re not looking for that, but I don’t want to suggest, ‘Hey, I have money for everything. More money for schools, new projects, economic development, more money for farmers.’ We’re going to have to live within our means.”

Spokesperson Eric Ferhnstrom clarified Romney’s position in an email to HuffPost, adding: “He supports ethanol but he doesn’t believe any subsidy is permanent.” Source

Flora Duh on July 30, 2012 at 7:55 PM

First wind, then ethanol!!

Khun Joe on July 30, 2012 at 7:57 PM

Freebird!

thatsafactjack on July 30, 2012 at 7:52 PM

Thank you for not linking that tune. Major burn out, that and Stairway to Heaven.

Bmore on July 30, 2012 at 8:00 PM

Republicans: Destroying those shovel ready jobs Obama created.

/

antipc on July 30, 2012 at 8:06 PM

Windows were once considered a huge problem for our birds. Are windows being replaced by wind turbines as the number one killer?

Birds.

Bmore on July 30, 2012 at 8:06 PM

“He will allow the wind credit to expire, end the stimulus boondoggles, and create a level playing field on which all sources of energy can compete on their merits,” Shawn McCoy, a spokesman for Romney’s Iowa campaign, said in a statement to The Des Moines Register.

Music to my ears!!

I’ve seen many criticize Romney saying he has a big environmentalist funding his PACs… and I’ve been very critical myself of Mitt for his waffling on global warming.

So this is a very good thing to see, go on record now for being against this wind energy garbage just like it was great to see Romney attacking Solyndra.

LevinFan on July 30, 2012 at 8:06 PM

The ad campaign has begun in South Texas to contact your Rep and have him vote yes for wind energy subsidies. T. Boone must be p.oed about right now.

DDay on July 30, 2012 at 8:12 PM

BATS for ROMNEY! Squeak-Squeak!

Pork-Chop on July 30, 2012 at 8:17 PM

We need to get read of the bio-deisel mandate to bring down the price of food. Food prices starting in the fall are really going to suck until next years crop comes in unless we stop burning our corn.

KenInIL on July 30, 2012 at 8:29 PM

Do you know when the first wind energy tax credits were passed by Congress and signed into law? While Jimma Carter was Pres. Congress said it was to “give the industry a boost in the marketplace and put it closer on par to oil and coal based energy sources.”

Do ya think 25 + years is enough????

svar42 on July 30, 2012 at 8:43 PM

Right on cue:

$20,000 per house.

Funding for the turbines comes from a $395,000 grant from the U.S. Department of Agriculture that aims to reduce energy costs in rural areas of the country.

How does one “reduce” energy costs when the cost of this plan is $20,000 per house?

How many cumulative years would it take for a household’s electric bill to reach $20k? And then not to mention the upkeep costs to these wind turbines. It’s not like you put them out there and they’re maintenance-free forever-and-ever-amen.

ButterflyDragon on July 30, 2012 at 9:02 PM

Of course the credit should expire, but so should the mandates put on the utilities. The latter is easier for politicians to overlook because there’s no direct cost to the government. It only screws the electric utility customers and is just another reason that it makes more sense to move your business to China.

Ditto ethanol mandates.

slickwillie2001 on July 30, 2012 at 9:31 PM

A good start.

While we’re at it why don’t we offer reparations to all of GM’s debtors. The UAW can pay them in stock if they don’t have the cash.

CorporatePiggy on July 30, 2012 at 7:45 PM

Government Motors will be in Bankruptcy II within ten years, and hopefully the government won’t corrupt the process the second time around.

slickwillie2001 on July 30, 2012 at 9:36 PM

Solar is next.

GarandFan on July 30, 2012 at 7:43 PM

To be followed close behind by the bloody ethanol battle.

Bitter Clinger on July 30, 2012 at 9:49 PM

“..uncertainty over the tax credit is causing layoffs in the wind industry..”
that and the looming trainwreck expenses of Affordable Health.
Dang. Almost like the problems of running a REAL business or something.

Unless you blow hard enuf to score an exemption, we could imagine.
/.

CaveatEmpty on July 30, 2012 at 10:35 PM

NO we need compromise. Let the ethanol and farm subsidies go as well.

… What, so I want a two-fer. Is that so wrong?

gekkobear on July 30, 2012 at 11:35 PM

Let wind energy tax credits expire

…and stop subsidizing the zombies of a technology which failed 100 years ago!!!

The only thing “green” about windmills is the pile of OUR MONEY which they consume without producing any useful result.

landlines on July 31, 2012 at 11:11 AM