Saturday, August 18, 2012

Wind Energy Subsidies Are As Useful As VHS Tape Subsidies

Wind Energy Subsidies Are As Useful As VHS Tape Subsidies: The wind production tax credit is set to expire at the end of this year, which has the industry crying out for continued subsidies.

Heritage’s Nicolas Loris has made the case that the wind energy tax credit makes as much sense as a VHS production tax credit. Can you imagine the logic: “We can’t afford to lose our VHS tape manufacturing plants. They provide valuable jobs. Americans need a variety of ways to watch recorded entertainment.”

Loris says this is what proponents of wind energy tax credits sound like.

See original work for more on this and other stories.

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