WASHINGTON D.C. – The Internal Revenue Service announced yesterday that the federal Production Tax Credit for wind will increase in 2013 at a cost of $545 million dollars to U.S. taxpayers. In recent days, the White House released details about the impact of automatic spending cuts that took effect on March 1. The Institute for Energy Research (IER) has measured the cost of yesterday’s inflationary adjustment for the wind industry against the metrics offered by the White House to demonstrate the harm that the sequester causes to programs that benefit disabled children, seniors, public health and safety, and education.
Below is a chart detailing IER’s analysis:
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