In response to:

Cash Cow Offered by Lame Ducks

Mary Kay Wrote: Nov 18, 2012 2:57 PM
"Going forward, we don’t need a gift horse and we don’t need to give well-connected cronies any more steak off the cash cow. We don’t need energy that is inefficient, ineffective, and uneconomical. We do need energy that is abundant, available, and affordable. We do need an energy policy that is based on sound science and free-market principles that will unleash an economic recovery." AMEN! END Corporate Welfare for Big Wind! END the PTC! www.PTCFacts.Info

One of the important agenda items for the lame duck session of the 112th Congress is the extension of the Production Tax Credit (PTC) for wind energy. The PTC is set to expire December 31 and Congress estimates that extending it for one year will cost about $12 billion. I’ve written on it repeatedly.

It has been expected that during the lame duck session, PTC supporters will try to tuck an extension of at least one year into a bigger tax-extender package filled with provisions the fiscally-conservative, small-government Republicans support, therefore pushing them to acquiesce and let the...