Big Wind’s Big Costs for Taxpayers

The debate over the wind industry’s key tax-credit—scheduled to expire at the end of the year—is heating up as the November election approaches. Mitt Romney has said that, if elected, he will let the credit expire. President Obama wants to extend it: In his speech at the Democratic National Convention last month, he declared, “thousands of Americans have jobs today building wind turbines.”

The Manhattan Institute just released the latest in its Issues 2012 series of policy briefs, “Subsidizing Big Wind: The Real Costs to Taxpayers.” Authored by MI senior fellow Robert Bryce, the report argues that wind-jobs are too expensive to be sustainable. If Big Wind can’t survive without federal subsidies, it doesn’t deserve to be in business.

Avik Roy: Are House Republicans Caving in on Repealing Obamacare? Doubtful.

Politico is reporting that House Republicans are preparing for the possibility that the Supreme Court upholds the law by drafting new legislation. “When the court rules,we’ll be ready,” House Speaker John Boehner (R., Ohio) told the House Republican Conference on Wednesday. But what’s surprising about alleged GOP plans is that they involve preserving significant—and damaging—aspects of the Affordable Care Act, for what appear to be political reasons. I’m not convinced that the story is accurate…

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