Letter from Glenn Schleede to Republican Governors

 

Dear Republican Governors:

 

In response to your request, Without doubt, your highest priority should be to reform the US and state tax codes to stop the massive transfer of wealth from ordinary taxpayers to the owners of "Renewable" energy facilities (including wind, solar, and ethanol.  The massive special interest tax breaks, flying under the cover of "stopping climate change' have already cost ordinary citizens, taxpayers,and consumers billions of dollars -- all for the benefit of renewable facility owners**  and their "tax equity partners (mostly big banks and financial firms.  The participation of some Republican governors in lobbying efforts to extend federal wind and solar production tax credits is especially disgusting. Governors should also fight for repeal of state "renewable portfolio standards" that have added to the massive wealth transfer.

 

There has been plenty of evidence available for 5 years or more that (a) electricity from wind energy is high in cost and low in real value, (b) and (c)  ethanol use forced by renewable fuel standards has environmental costs as well as costs to consumers who are forced to bear the cost of less efficient fuel for automobiles.

 

It's time for Governors as well as establishment politicians in Washington and state capitals to stop crony capitalism masquerading as something to stop "global warming.

 

In case you haven't noticed, grassroots voters are fed up with the whole Washington establishment and there is a good possibility that the growing voter anger will spread to state political leaders.

 

** some. such as Spain-based Iberdrola and US-based NextEra, and  Warren Buffett's Berkshire Hathaway have reaped Billions and Billions from these programs and special interest tax breaks -- often at the expense of our children and grandchildren who will inherit the massive national debt and electric customers who are paying higher monthly electric bills and finding that they have less money to spend for food, clothing, shelter, health care and education.. 

 

Glenn Schleede

Ashburn, VA