Our tax dollars at work - alt.energy

| No Comments

President Stompy Feet is spending our money like there is no tomorrow. From The Daily Caller:

Obama 2016 Budget Includes $48 Billion In ‘Green Energy’ Subsidies
President Obama’s budget proposal for 2016 asks Congress for $4 trillion, including about $48 billion in tax incentives over the next decade for various green energy programs.

“In order to secure America’s energy future and protect our children from the impacts of climate change, the budget invests in clean energy, improving energy security, and enhancing preparedness and resilience to climate change,” according to a White House fact sheet on the 2016 budget proposal.

Obama’s plan to incentivize green energy production, expanded use of energy efficiency measures, investments in carbon capture technology, advanced energy manufacturing and producing biofuels will increase the budget deficit $42.5 billion by 2025. Obama’s budget also includes subsidies for building alternative fuel vehicles and energy-efficient homes that will increase the deficit by $5.8 billion over the next decade.

 And who stands to profit? Follow the money:

The costliest green energy provision in the budget is a proposal to make permanent tax credits for producing electricity from wind and solar energy sources. Permanently extending these subsidies would cost $31.5 billion over the next decade. Most Republicans, however, have opposed extending such green energy tax credits.

The wind industry in particular has lobbied heavily for extending the Wind Production Tax Credit — a tax subsidy that pays wind power producers $23 for each megawatt hour of electricity produced for 10 years. The wind PTC has been a major source of growth for the wind industry, who has warned that allowing the credit to expire will hurt job growth.

But lawmakers allowed the wind PTC to lapse at the end of last year, which has given Obama an opening to appease wind producers and once again propose making green energy tax credits permanent.

 And the joke is that the big players in Wind power - Vestax and Siemens - are not US corporations. Obama is giving our tax dollars away to foreign corporations. If he was really serious, he would be investing in Thorium - here is a five minute clip on the technology:

 

Leave a comment

October 2022

Sun Mon Tue Wed Thu Fri Sat
            1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31          

Environment and Climate
AccuWeather
Cliff Mass Weather Blog
Climate Depot
Ice Age Now
ICECAP
Jennifer Marohasy
Solar Cycle 24
Space Weather
Watts Up With That?


Science and Medicine
Junk Science
Life in the Fast Lane
Luboš Motl
Medgadget
Next Big Future
PhysOrg.com


Geek Stuff
Ars Technica
Boing Boing
Don Lancaster's Guru's Lair
Evil Mad Scientist Laboratories
FAIL Blog
Hack a Day
Kevin Kelly - Cool Tools
Neatorama
Slashdot: News for nerds
The Register
The Daily WTF


Comics
Achewood
The Argyle Sweater
Chip Bok
Broadside Cartoons
Day by Day
Dilbert
Medium Large
Michael Ramirez
Prickly City
Tundra
User Friendly
Vexarr
What The Duck
Wondermark
xkcd


NO WAI! WTF?¿?¿
Awkward Family Photos
Cake Wrecks
Not Always Right
Sober in a Nightclub
You Drive What?


Business and Economics
The Austrian Economists
Carpe Diem
Coyote Blog


Photography and Art
Digital Photography Review
DIYPhotography
James Gurney
Joe McNally's Blog
PetaPixel
photo.net
Shorpy
Strobist
The Online Photographer


Blogrolling
A Western Heart
AMCGLTD.COM
American Digest
The AnarchAngel
Anti-Idiotarian Rottweiler
Babalu Blog
Belmont Club
Bayou Renaissance Man
Classical Values
Cobb
Cold Fury
David Limbaugh
Defense Technology
Doug Ross @ Journal
Grouchy Old Cripple
Instapundit
iowahawk
Irons in the Fire
James Lileks
Lowering the Bar
Maggie's Farm
Marginal Revolution
Michael J. Totten
Mostly Cajun
Neanderpundit
neo-neocon
Power Line
ProfessorBainbridge.com
Questions and Observations
Rachel Lucas
Roger L. Simon
Samizdata.net
Sense of Events
Sound Politics
The Strata-Sphere
The Smallest Minority
The Volokh Conspiracy
Tim Blair
Velociworld
Weasel Zippers
WILLisms.com
Wizbang


Gone but not Forgotten...
A Coyote at the Dog Show
Bad Eagle
Steven DenBeste
democrats give conservatives indigestion
Allah
BigPictureSmallOffice
Cox and Forkum
The Diplomad
Priorities & Frivolities
Gut Rumbles
Mean Mr. Mustard 2.0
MegaPundit
Masamune
Neptunus Lex
Other Side of Kim
Publicola
Ramblings' Journal
Sgt. Stryker
shining full plate and a good broadsword
A Physicist's Perspective
The Daily Demarche
Wayne's Online Newsletter

About this Entry

This page contains a single entry by DaveH published on February 8, 2015 10:11 AM.

Talking about the weather - temperature 'adjustments' was the previous entry in this blog.

The Gallup figures on unemployment - Obama's Big Lie is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.

Monthly Archives

Pages

OpenID accepted here Learn more about OpenID
Powered by Movable Type 5.2.9