Corporate Welfare

[MSimon]

http://wattsupwiththat.com/2014/08/25/b ... -campaign/

As reported by the Wall Street Journal, the increasingly politicized IRS recently relaxed the definition of “commence construction” to the point where the definition bears no resemblance to the actual words. During a hearing by the House Energy Policy, Health Care and Entitlements subcommittee last October, Curtis G. Wilson of the IRS admitted that developers can now game the system to the point where projects built years in the future could still meet the eligibility requirement for “commence” now.

U.S. taxpayers and ratepayers are doomed when, instead of allowing the markets to work, crony-corruptocrats are picking the winners and losers in the energy marketplace, using such nefarious tactics.

[Diogenes]

http://wattsupwiththat.com/2014/08/25/b ... -campaign/

As reported by the Wall Street Journal, the increasingly politicized IRS recently relaxed the definition of “commence construction” to the point where the definition bears no resemblance to the actual words. During a hearing by the House Energy Policy, Health Care and Entitlements subcommittee last October, Curtis G. Wilson of the IRS admitted that developers can now game the system to the point where projects built years in the future could still meet the eligibility requirement for “commence” now.

U.S. taxpayers and ratepayers are doomed when, instead of allowing the markets to work, crony-corruptocrats are picking the winners and losers in the energy marketplace, using such nefarious tactics.

Oh, "Big Wind" is what you are referring to as "Corporate Welfare." Well certainly. It is an utter crock, and would not be occurring but for the FedGov tampering in the energy market place. When it is viable, it will build itself without help from the FedGov.


But still, this sort of corporate welfare does not create millions of street criminals. The regular sort of welfare does that.