Stimulus bill bails out billionaires

Posted 1/7/21

The new “stimulus” bill contains a lot of giveaways for renewable energy.

Wind and solar generation projects are huge tax shelters for Wall Street billionaires

The bill extends the …

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Stimulus bill bails out billionaires

Posted

The new “stimulus” bill contains a lot of giveaways for renewable energy.

Wind and solar generation projects are huge tax shelters for Wall Street billionaires

The bill extends the investment tax credit for solar projects. The production tax credit for wind projects is also extended; and the Secretary of the Interior is required to permit at least 25,000 megawatts of renewables projects by 2025.

When all costs are accounted for renewables make expensive energy, which is why they maintain a lavish program of political contributions and lobbying.

It’s the old take a little from many and give to a concentrated few.

Jim Clarkson, Columbia

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