It's time for Congress to stop chasing windmills.
Townhall (12/16/20) reports: "Famed Chicago School economist and Nobel Prize winner Milton Friedman often said, 'There is nothing so permanent as a temporary government program.' Each year, when it comes time to pass an omnibus spending bill, taxpayers get a firsthand view of just how prophetic Friedman’s words were. This year is no different as Congress negotiates end-of-year spending and a potential COVID relief package. Programs and subsidies that should have gone by the wayside years ago once again find themselves squarely on the table. Such is the case with the production tax credit (PTC) and investment tax credit (ITC) for both the wind and solar industries. The American taxpayer has been burdened enough by the rampant spending of the past year combatting the coronavirus and the deleterious effects of the associated lockdowns. Both the PTCs and ITCs for these industries – that have long since become mature enough to stand on their own – are sad testaments to government waste. Another troubling provision would potentially mandate 100 percent renewable power. According to the American Energy Alliance, 'The word on the street is that there are negotiations taking place to try and jam a pre-negotiated energy bill into the year-end spending bonanza. AEA obtained a page from the discussion draft that appears to include a provision from the House Green New Deal lite version of energy legislation, H.R. 4447, making is a "Sense of Congress" that calls for 100% of power demand to come from "clean, renewable, or zero-emission" energy sources.' This type of mandate would open the floodgates of taxpayer subsidies and raise energy costs. "
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"When Joe Biden and his cronies tell you paying a new tax will be good for you, they are lying. A carbon tax won’t save the Earth, but it will make average people poorer. No kind of creative accounting can change this fact."
– H. Sterling Burnett,
The Heartland Institute
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