Saturday, February 18, 2012

Wind Subsidies--the Production Tax Credit is Opposed by Senator Lamar Alexander

From the Chattanoogan.com:

Alexander Opposes Production Tax Credit, Wind Industry Subsidy

Wednesday, February 15, 2012
In a speech Wednesday on the floor of the United States Senate, Senator Lamar Alexander called on Congress to reject any efforts to “put in the payroll tax agreement a four-year extension of the so-called production tax credit,” calling it “a big loophole for the rich and for the investment bankers.”
Senator Alexander said: “Let's not even think about putting this tax break for the rich in the middle of an extension of a tax deduction for working Americans this week. Let's focus on reducing the debt, increasing expenditure for research, and getting rid of the subsidies.

Read the rest of the story here.