Tax credits for wind energy
It’s clean, it’s infinitely renewable, and it’s nearly constantly available in Kansas. But there are those in Washington … including a Representative from one of the windiest districts in the U-S … who say government subsidies for wind power development is a bad idea.
Siemens is laying off nearly half its Kansas workers, 146 employees at the company’s wind turbine plant in Hutchinson … which opened for business in 2010. The company sites changing market conditions and uncertainty about a tax credit for wind turbine installations.
Kansas Senator Jerry Moran blames the layoffs on uncertainty coming from Washington. Kansas 4th District Representative Mike Pompeo has joined other Republicans in pushing for an end to all energy tax credits. Pompeo has said government should not be involved in picking “winners” and “losers” with the tax code. We presume Mr. Pompeo also favors ending subsidies for oil and gas, which President Obama has requested.
Our thought for today is from Bernard Berenson:
“Governments last as long as the under-taxed can defend themselves from the over-taxed.”