As Siemens’ tax-sheltering market dries up in Europe, its U.S. marketing efforts are clearly geared toward increasing its income and profits via wind’s tax sheltering schemes in the United States.
The company stands to make millions, so Siemens ad campaign is obviously part of an overall pitch to persuade Congress to extend the hefty wind Production Tax Credit (PTC), more accurately called“Pork-To-Cronies.”
As Warren Buffett recently admitted,
“We get tax credits if we build lots of wind farms.
That’s the only reason to build them.
They don’t make sense without the tax credit.”
Taxpayers and ratepayers, beware!
As reported by the Wall Street Journal, the increasingly politicized IRS recently relaxed the definition of “commence construction” to the point where the definition bears no resemblance to the actual words.
During a hearing by the House Energy Policy, Health Care and Entitlements subcommittee last October, Curtis G. Wilson of the IRS admitted that developers can now game the system to the point where projects built years in the future could still meet the eligibility requirement for “commence” now.
U.S. taxpayers and ratepayers are doomed when, instead of allowing the markets to work, crony-corruptocrats are picking the winners and losers in the energy marketplace, using such nefarious tactics.
Sadly, most people don’t even know the difference between energy and power.
U.S. taxpayers and ratepayers are doomed when, instead of allowing the markets to work, crony-corruptocrats are picking the winners and losers in the energy marketplace, using such nefarious tactics.
Sadly, most people don’t even know the difference between energy and power.
This reality has built the framework for the biggest swindle ever perpetrated on citizens worldwide.
Many have bought into the alarmist argument that “we have to do something” to stop “dangerous manmade global warming.”
Enter the wind industry sales department, primed to capitalize on public fears and alarmist hype.
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