Schumer, a New York Democrat, in early December asked Trump to support “permanent tax incentives for domestic production of clean electricity and storage, energy efficient homes and commercial buildings, electric vehicles, and modernizing the electric grid.”But Chuck wants "good" government money...
“If left unchecked, the damage caused by climate change will cause untold human suffering and significant damage to the U.S. economy,” Schumer wrote to Trump on Dec. 6.
Extending tax subsidy provisions primarily benefiting wind and solar power would cost nearly $32 billion over the next four years, according to Joint Committee on Taxation (JCT) estimates. Permanently extending these tax subsidies could add billions more to the tab. JCT estimates solar and wind tax subsidies will cost more than $7 billion in 2019.
Based on JCT estimates, continuing solar and wind tax subsidies is nearly six times the $5.7 billion Trump is asking from Congress for a border wall along the U.S.-Mexico border.
Friday, January 11, 2019
Green Money To Burn
Schumer's subsidies are expensive: