
No new taxes have been proposed. Congress is instead considering whether to renew an existing $1.3 billion-a-year tax break for the industry that's set to expire at the end of the year. FactCheck says the industry may create half a billion jobs over 20 years, but the jobs would "displace jobs and economic activity elsewhere." The website says the tax break debate in the ad couldn't be airing at a worse time for the wind industry because natural gas is "already bringing stiff competition" making wind energy not economical even with a tax subsidy. Also, some Republican legislators are pushing to repeal all tax breaks for renewable energy, fueled mostly by the failure of Solyndra. (Read more)
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