| Wind Watch is a registered educational charity, founded in 2005. |
Alexander offers amendment to stop farm bill from allowing rich developers to double dip
Credit: www.chattanoogan.com 19 June 2012 ~~
Translate: FROM English | TO English
Translate: FROM English | TO English
U.S. Senator Lamar Alexander Tuesday urged his colleagues to vote for his amendment to S. 3240, the farm bill, that would prevent wind developers from benefiting from both an energy tax credit and new loans or loan guarantees provided in the bill, saying, “Vote yes if you don’t like double-dipping into the federal treasury.”
He released the following statement on the amendment:
“The farm bill the Senate is debating provides new loans, new loan guarantees for wind turbines – on top of the $14 billion in federal tax dollars we’ll spend over the next five years for them – $6 billion through the production tax credit and the other $8 billion through the Section 603 grants. My amendment to the farm bill simply says: no double dipping – if you take advantage of the wind-production tax credit to build windmills, which I oppose, you can’t also take advantage of the subsidy through the farm bill.”
Right before the Senate voted on his amendment, Sen. Alexander said on the Senate floor, “If my colleagues think it is a good idea to give rich developers of wind turbines a double dip into the federal treasury at a time when we’re borrowing 40 cents of every dollar, then this provision in the farm bill is for you.”
The amendment was defeated 33 to 66.
This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.
The copyright of this article resides with the author or publisher indicated. As part of its noncommercial educational effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.
| Wind Watch relies entirely on User Funding |
 (via Stripe) |
 (via Paypal) |
Share:
[ Short URL: https://wind-watch.org/news/?p=24639 ]
