In confronting the growing challenge of China, as with Japan in the 1980s and other challengers in the…
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Rubio: Beat China via Free Trade and Passing Trans-Pacific Partnership, Not Self-Destructive Protectionism

In confronting the growing challenge of China, as with Japan in the 1980s and other challengers in the past, the easy and simplistic response is to advocate protectionism.  But America remains the most prosperous and innovative nation in human history on the basis of free trade, not protectionism.  If closing borders to trade was the path to prosperity, then North Korea would be a global exemplar.

On that chord, Senator Marco Rubio (R - Florida), set to give a much-anticipated foreign policy speech on the campaign trail today, offers a refreshing commentary in today's Wall Street Journal entitled "How My Presidency Would Deal With China."  In his piece, Rubio advocates free trade and passing the Trans-Pacific Partnership as effective tools for confronting China, resisting the…[more]

August 28, 2015 • 09:52 am

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Home Press Room 64 Organizations to Congress: “Let the Wind Production Tax Credit Expire!”
64 Organizations to Congress: “Let the Wind Production Tax Credit Expire!” Print
Thursday, September 06 2012

In a letter sent to every member of the U.S. Senate and U.S. House of Representatives, the Center for Individual Freedom today joined a coalition of 64 organizations in urging Congress not to extend the wind Production Tax Credit (PTC).

The letter, which was organized by Americans for Prosperity, points out that “[t]he PTC was created in 1992 to get the wind industry off the ground. Yet 20 years later, we have little to show for it. We’re still providing a $5 billion special tax break each year for an industry that supplies just over 2% of our power.

“If a new technology truly has worthwhile benefits for American consumers such as lower cost, higher efficiency, or environmental benefits, then that technology will demonstrate its value by competing in the open market for consumers’ dollars—not by living off of special provisions in the tax code. American consumers—not Washington lawmakers—should decide the future of American energy,” the letter continues.

The wind PTC is set to expire at the end of the year.

Read the entire letter below.  Download a copy of the letter, including its signatories, here (.pdf).


64 Organizations to Congress:
“Let the Wind Production Tax Credit Expire!”

September 6, 2012

Dear United States Senators and Representatives:

The principal federal support for wind energy, the so-called Production Tax Credit (PTC), is scheduled to expire at the end of this year. The undersigned organizations and the millions of Americans we represent stand opposed to extending the wind PTC. This special provision continues the deplorable practice of using the tax code to favor certain groups over others.

Whenever the government protects a particular industry, as it has with wind energy production, the industry tends to remain dependent on it. As Nobel laureate economist Milton Friedman noted, “The infant industry argument is a smoke screen. The so-called infants never grow up.” The wind PTC, like other green energy incentives, is a prime case in point. The PTC was created in 1992 to get the wind industry off the ground. Yet 20 years later, we have little to show for it. We’re still providing a $5 billion special tax break each year for an industry that supplies just over 2% of our power.

If a new technology truly has worthwhile benefits for American consumers such as lower cost, higher efficiency, or environmental benefits, then that technology will demonstrate its value by competing in the open market for consumers’ dollars—not by living off of special provisions in the tax code. American consumers—not Washington lawmakers—should decide the future of American energy.

It is time to end special tax provisions that distort the energy market and increase energy prices. We urge you to let the wasteful wind PTC expire as planned at the end of the year.

Sincerely, 
 

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