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Posts from December 0

Let the PTC Expire: Letter and Signatories (100+ groups and counting)

By Robert Bradley Jr. -- December 18, 2013

“It is precisely the fact that the market does not respect vested interests that makes the people concerned ask for government interference.”

– Ludwig von Mises, Human Action (1940), p. 334 [4th Edition, 1966, p. 337].

Government goes to those who show up. The wind industry got there first (concentrated benefits, diffused costs). But the pro-consumer, pro-taxpayer, pro-freedom movement has staged an impressive counter attack against government-dependent cronyism. Energy politics dates from the mid-nineteenth century in the United States–but never has more than one hundred pro-liberty groups spoken with one voice before.

Will the wind Production Tax Credit expire as scheduled at the end of this year? The American Wind Energy Association (AWEA) hopes not. Why? Because continued expansion depends on the timing of this huge subsidy (see this graph by the editors of Real Clear Energy).