I admit I’m a little behind the curve on this one, but it was just too ridiculous to pass up.
Last week, Governor Romney’s presidential campaign announced in Iowa that if he is elected president, he will allow the Production Tax Credit (referred to below as the “wind credit”) to expire.
According to The Des Moines Register,
Shawn McCoy, a spokesman for Romney’s Iowa campaign, told The Des Moines Register, “He will allow the wind credit to expire, end the stimulus boondoggles, and create a level playing field on which all sources of energy can compete on their merits.”
It the Romney campaign actually wanted to get rid of all energy subsidies, I’d be 100 percent for it because energy subsidies create market distortions. But of course the Romney campaign continues to support oil subsidies; because of course they don’t create an uneven playing field.
Besides, if Romney wanted to do away with oil subsidies, you can bet the Koch brothers et. al. wouldn’t be bankrolling his campaign anymore.
That aside, Romney really needs to work on his swing-state strategy. Iowa has more wind energy jobs than any other state, and Iowa Republicans were quick to point out just how misguided his notion was.
As Republican Rep. Tom Latham pointed out, this proposal demonstrates “a lack of full understanding of how important the wind energy tax credit is for Iowa and our nation.”
This isn’t just turning heads in Iowa, either. Green energy jobs are so important here in Colorado that only one Republican representative, Doug Lamborn, supported Romney’s notion. Even Birther lunatic Rep. Mike “Obama’s not an American” Coffman opposed Romney’s proposal. (This clown is my representative, sadly.)
Lest we forget, the wind energy tax credit was originally signed by George H. W. Bush in 1992 and renewed in 2005 by a Republican Congress and signed by George W. Bush.
The bottom line is Romney’s wacky proposal to do away with the PTC and the wind energy tax credit is so ridiculously off-the-wall that even his own party is disavowing his statements.
I seriously doubt Romney ever expected this to be good policy. He’s just doing the pandering he needs to do to appease the Tea Party and his oil billionaire donors.
He never needed Colorado and Iowa’s 15 electoral votes, anyway.