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Well, we certainly have this kind of thing going on at the federal level! Programs that actually turn a profit over time?
What kind of corporate socialism would that be?
Good timing, G.E.. One day AFTER the vote. Cripes.
GE Says Renewable Energy Tax Credit Pays For Itself - Environmental Leader - 19 Jun 08
"GE, the United States’ leading maker of electricity-generating wind turbines, says wind farms built last year that benefited from the credit will generate $250 million more in tax revenue over their lifetime than the program costs. GE’s $250 million payoff figure does not take into account taxes paid to state or local governments or environmental benefits and is based on an estimated time frame of two years to build the wind farms and an estimated 20 to 25 years wind farm lifespan."
Wind Farm Taxes Make Up Losses From Incentives - GE Study - CNN Money - 18 Jun 08
" The study's release comes a day after the U.S. Senate voted down a procedural motion needed to advance a $57 billion package that includes an extension of the production credit for wind energy production. The credit program expires Jan. 1."
"The GE unit estimates wind farms built last year will provide $250 million in tax revenue to the U.S. Treasury. Losses from the incentive program will be offset by income tax revenue from the wages of workers, project vendors and the project itself once the 10-year credit period expires, according to the GE study."
What kind of corporate socialism would that be?
Good timing, G.E.. One day AFTER the vote. Cripes.
GE Says Renewable Energy Tax Credit Pays For Itself - Environmental Leader - 19 Jun 08
"GE, the United States’ leading maker of electricity-generating wind turbines, says wind farms built last year that benefited from the credit will generate $250 million more in tax revenue over their lifetime than the program costs. GE’s $250 million payoff figure does not take into account taxes paid to state or local governments or environmental benefits and is based on an estimated time frame of two years to build the wind farms and an estimated 20 to 25 years wind farm lifespan."
Wind Farm Taxes Make Up Losses From Incentives - GE Study - CNN Money - 18 Jun 08
" The study's release comes a day after the U.S. Senate voted down a procedural motion needed to advance a $57 billion package that includes an extension of the production credit for wind energy production. The credit program expires Jan. 1."
"The GE unit estimates wind farms built last year will provide $250 million in tax revenue to the U.S. Treasury. Losses from the incentive program will be offset by income tax revenue from the wages of workers, project vendors and the project itself once the 10-year credit period expires, according to the GE study."
