Institute for Energy Research President Thomas Pyle issued the following statement on the Internal Revenue Service’s decision to double the “commence construction” period for wind power projects from two to four years:
“This is nothing short of theft from American taxpayers. The IRS is far more concerned about providing special interest handouts through the wind PTC than protecting the American families who actually pay taxes. This is a travesty, but it is par for the course for an administration that has no concern for the economic well being of everyday Americans.
“This is just another example of the Obama administration circumventing the will of Congress, which began the process of phasing out this wasteful subsidy in December of last year. It now falls to Congress to clean up the taxpayer-funded mess this administration has made.”
Source: Big Wind’s Windfall – IER