By Roy L Hales
The “Tea Party” has been holding back approval of an $85 billion tax package since December, because it includes a $13 billion production tax credit (PTC) for wind energy. They claim that after “tens of billions of tax-payer dollars,” it is time to end “this sweetheart deal.” That’s an interesting sentiment, coming from people who apparently have no objection to letting oil producers continue to use “tens of billions of tax-payer dollars” every year. A broad spectrum of business leaders, and the governors of at least four states, are concerned about the impact delaying the PTC has had, and is having, on their economies. There is also opposition to wind farms from some environmentalists and many of the communities where they have been installed. The Production Tax Credit is a modern day Gordian knot.