September 12, 2008
"If you are going to use tax policy to shape energy strategy then you want to raise taxes on the things you want to discourage — gasoline consumption and gas-guzzling cars — and you want to lower taxes on the things you want to encourage — new, renewable energy technologies. We are doing just the opposite,” writes Friedman.
While Congress has renewed tax credits for oil and gas, those for wind and solar energy expire in December. “These credits are critical because they ensure that if oil prices slip back down again — which often happens — investments in wind and solar would still be profitable. That’s how you launch a new energy technology and help it achieve scale, so it can compete without subsidies.”
Comments | 10 Total
September 12, 2008 at 11:05am
Rip EmpsonSeptember 12, 2008 at 2:27pm
Mel BlitzerSeptember 12, 2008 at 6:22pm
Dale MoyenSeptember 13, 2008 at 3:22pm
Carel Two-EagleSeptember 14, 2008 at 12:02am
Robin MonroeSeptember 14, 2008 at 11:38am
Shawn BarneySeptember 14, 2008 at 12:17pm
Nunzio MartinSeptember 15, 2008 at 12:42am
jay draimanSeptember 15, 2008 at 10:35am
Daniel PaulSeptember 15, 2008 at 5:53pm
Brian Schoenbaechler