Fact check: WSJ stumbles with PTC-bashing editorial
A recent anti-wind Wall Street Journal editorial ("Windy Republicans," May 5) overlooked a number of facts about the federal wind energy Production Tax Credit (PTC) and the accomplishments of the U.S. wind industry. In response, we provide this point-by-point rebuttal.
WSJ: The GOP swept Congressional elections in 2010 promising to end President Obama's $800 billion stimulus and stop industry bailouts. Too bad nobody told that to Iowa Republican Steve King and his colleague Dave Reichert of Washington.
Response: The federal PTC is an effective tool to allow developers to raise private capital in the marketplace and bring renewable energy projects to completion.The PTC provides an income tax credit of 2.2 cents per kilowatt-hour ...