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Outrageous “fiscal pork”
Credit: Bangor Daily News | Jan. 09, 2013 | bangordailynews.com ~~
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Translate: FROM English | TO English
As I read the Jan. 4 article, “Fiscal cliff package includes $75.3 billion tax deal for wind farms, NASCAR, rum” by Richard Rubin of the Bloomberg News about the pork included in fiscal cliff tax-break extensions, one paragraph blew me away.
“The bill includes a one-year extension through 2013 of the production tax credit for wind power, at a cost of $12.2 billion. That will save as many as 37,000 jobs in an industry that’s expected to stall this year, the American Wind Energy Association said.”
All weekend I could not get that statement out of my mind. I used a calculator to determine the per job tax credit to the wind industry. It works out to be more than $329,000 per job saved for one year.
There was more pork included in the budget deal, it’s just that this one was the most outrageous example I noticed.
Is it any wonder that “We the People” have so little faith in our representatives in Washington to do what is in the best interest of all the people?
Carol Russell
Bangor
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