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:
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