“A chance to stop the corrupt culture”
RALEIGH – Americans for Prosperity, North Carolina’s leading grassroots advocate for economic freedom, issued a statement today on the future of the state’s taxpayer handouts to renewable energy companies, in the context of ongoing state budget negotiations.
Americans for Prosperity-North Carolina State Director Donald Bryson provided the following statement:
“It’s time for lawmakers to make responsible decisions about the future of North Carolina’s electrical grid. The subsidies and mandates for expensive, so-called green energy are no longer a sustainable path or an acceptable burden for taxpayers. Americans for Prosperity has advocated separately for the end of North Carolina’s renewable energy tax credit and the Renewable Portfolio Standard. It is morally repugnant that some lawmakers are now trying to maintain both costly laws.”
“There is no justification for both subsidizing an industry with taxpayer dollars while mandating that those same taxpayers purchase products from that industry.”
“The state’s renewable energy tax credit is set to expire on December 31. We urge the state budget conferees to agree with the state Senate’s plan and allow this sweetheart deal for “green energy” to expire. The tax code should be used for one thing: to generate revenue for government’s legitimate functions. It should have low rates, a proper neutral base, and very few special provisions. With this budget, policymakers have a chance to stop the corrupt culture of picking winners and losers with the tax code.”