http://online.wsj.com/article/SB10000872396390444405804577559442776203150.html?mod=WSJ_Opinion_AboveLEFTTop
GONE WITH THE WIND
Mitt Romney isn’t famous for taking political risks, so it was notable and welcome on Monday when he came out against subsidies for wind power. If that doesn’t sound like stop-the-presses news, remember that Republicans aren’t really as implacably opposed to energy handouts as both Democrats and Republicans want the public to believe.
So from the top: The wind industry more or less exists at the pleasure of politics, specifically because of a federal subsidy known as the production tax credit that provides developers with a 2.2-cent writeoff for every kilowatt hour of electricity they produce. In effect, the credit means that wind’s energy competitors are taxed at a higher rate. This annual $1.6 billion special advantage has hung around for a decade but lapses at the end of the year, and Washington is now debating an extension.
Holding fast on this deadline ought to be an easy call for Republicans, who say they want to make the tax code fairer and get the government out of picking energy winners and losers in particular. But a sizeable cheering section within the GOP wants to maintain the status quo.