Outrageous “fiscal pork”
Bangor Daily News | Jan. 09, 2013 | bangordailynews.com
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
URL to article: https://www.wind-watch.org/news/2013/01/09/outrageous-fiscal-pork/