Income tax bills?
Yes, according to Randy Simons in his Newsweek op-ed.
Here's the dirty little secret: Care of those who worship at the altar of environmentalism and their Drum Major, President Barack Obama, back in 2009 they legislated that federal and state income taxes will pay for electricity through subsidies and grants that fuel wind and other energy producers. In fact, for the past 3+ decades, wind energy--which, in 2014, supplied only 4.4% of U.S. electricity--has received $30B.
- The best estimate available for the total cost of wind power is $149/megawatt-hour with federal and state policies average an additional $23/megawatt-hour to the cost of wind power.
- That ~15.5% is what consumer pay for those subsidies and grants for "sustainable" energy through their annual income tax bills.
This so-called "strategic investment" is sustainable only as long as taxpayers are willing to foot the bill, transferring their hard-earned $$$s to wind farm corporations, many of which are units of foreign companies. In fact, 84% of total clean-energy grants awarded by the federal government have gone foreign-owned wind companies.
Now, that's what The Motley Monk calls "crony socialism"...at its best! What a great snow job.
Let the discussion begin...
To read the op ed, click on the following link: