Political Quotes

“I have come to the floor to talk about the wind production tax credit. This is a subject that I've talked about before. The Senator from Pennsylvania, Mr. Toomey, will, I believe, come soon to talk on the same subject. The wind production tax credit is so generous with taxpayers' money that wind developers can actually give away their electricity for free and still make a profit. Let me say that again. I am talking today about the wind production tax credit, which is a tax subsidy--taxpayer dollars--given to wind developers, and it is so generous that the developers can actually, in some cases, give away their electricity for free and still make a profit. That wind production tax credit has been extended 11 times. It has been on the books for more than 25 years. This was a tax credit that was supposed to jump-start a new industry--that's 25 years of jump- starting. Four years ago, Congress agreed to end it. We thought that was it. In doing so, Congress asked taxpayers to provide another $24 billion, according to the Joint Committee on Taxation, to extend the wind production tax credit--$24 billion more in subsidies for another 5 years and gradually phase out the credit. That is what we thought we did 4 years ago. We would spend $24 billion more in exchange for phasing out and ending the wind production tax credit.…”