Democrats Working to Justify Keeping Wind Tax Credits
We get it, the Democrats are way out of power and desperate to get some campaign donations to run for office but their support for corporate welfare wind tax credits last week made them look hypocritical. David Van of Sooner Politics wrote an excellent story that laid out the hypocrisy.
Getting away from the part of the working man they tried to help carve out $74,000,000 for the wind energy lobby, an anomaly as nearly all of the Democrats hail from urban areas or from the Southeast part of the state where there are no wind turbines.
The attempt failed and the bill that made the wind credits non refundable passed by 51 to 46. No longer can the wind turbine companies come to the state with a warrant for $50 million dollars when they are paying zero taxes. Now they can use the credits to offset their taxes. Perhaps the credits can be sold on the thriving state tax credit market for fifty cents on the dollar. But at least someone will be offsetting some tax instead of the state having to write a fifty million dollar check with no warning.