Sen. Lamar AlexanderLamar AlexanderDemocrats block energy spending bill over Iran amendment Overnight Finance: Puerto Rico pressure builds; Big tariff vote Wednesday Senate votes to increase wind energy funding MORE (R-Tenn.) said the Obama administration is tweaking the tax code to protect and extend wind energy subsidies.
“Congress allowed this wasteful wind subsidy to expire at the end of last year,” Alexander said on Thursday. “Now the Obama administration is yet again going around Congress and allowing Big Wind to waste even more taxpayer dollars, instead of forcing wind to stand on its own in the marketplace and respecting the fact that Congress has allowed this wasteful Washington subsidy to expire.”
Alexander said the wind industry has already received billions of taxpayer dollars and some states have little to show for it.
“The IRS has announced it will now be easier to qualify for the wind production tax credit, Washington’s most conspicuous and wasteful taxpayer subsidy and one that unfairly burdens Tennesseans,” Alexander said. “Tennessee gets very little of the benefit of this wasteful wind subsidy, because the wind doesn’t blow enough in the southeastern United States.”