Fact check: Heritage's Loris misguided on wind incentive
The Heritage Foundation's blog carried an article recently by Nicholas Loris criticizing the federal wind energy Production Tax Credit (PTC). The following comment was posted in response.
Federal tax incentives have helped all of our domestic energy industries to grow and produce the energy that our economy needs to function and prosper. For new energy technologies to gain a foothold in the marketplace so that the U.S. can diversify its energy portfolio and reduce its vulnerability to fuel price shocks, some degree of initial support is needed. Given those facts, the key question is: are renewable energy incentives out of line with those that have previously supported other energy industries? One particularly informative