How The Tax Debate Misunderstands Wind

Fact Check: What critics are getting wrong about wind power during the tax reform debate

Greg Alvarez, November 21, 2017 (Into The Wind)

“…[Skeptics of wind power are using the House tax reform proposal] to spread misleading information, especially about the Production Tax Credit (PTC) that has unleashed the private capital needed for wind to scale up…The reality is that tax credits for wind energy are already in the midst of an orderly phaseout and will be gone after 2019. In the meantime, this policy is achieving its goals: creating tens of thousands of new jobs, triggering massive investment in rural America, and generating affordable electricity…[But the House’s tax reform proposes] deep cuts in the value of the remaining tax credits…[and new retroactive rules] that companies cannot go back in time to comply with…[It threatens] projects already underway with cancellation…[and puts at risk] 60,000 U.S. jobs and $50 billion of private investment in new infrastructure…[Yet conservatives continue to spread] false and misleading information about wind…The Senate’s tax reforms do] by U.S. wind workers and all the rural Americans who are counting on this new cash crop to revitalize their communities…” click here for more

click to enlarge

Tweet