There was an interesting story in the New York Times this morning about the dependence of the wind power generation industry on Federal tax credits to function. Those tax credits are due to expire next year. They would amount to about 2.5 billion dollars this year and some think that is too big a giveaway by the Federal government. How dumb is that?
This renewable wind energy industry is growing by about 25% a year because of those credits. Now, think about the money we are spending in bush's war in Iraq where the death toll of American kids now stands at 3473 and Iraqis at 70,000. We have spent almost $431 billion there so far to secure a polluting and non renewable energy source called oil. How can there be any question about continuing the wind tax credits?
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