The Koch-brothers-funded Americans for Prosperity spearheaded a letter claiming that 117 organizations oppose reviving wind-energy tax breaks that expired at the end of 2013. The Energy and Policy Institute discovered that a majority of the groups have ties to the Koch brothers or other fossil-fuel interests.
The 2004 tax holiday only made things worse because companies realized they could get out of paying taxes entirely if they moved profits offshore and held out until the next holiday season. If we do it again, every company will be compelled to move jobs, factories and profit centers out of the country to stay competitive.
The House Ways and Means Committee voted this week to add $310 billion to the U.S. deficit by making permanent six tax credits for businesses. To put their fiscal irresponsibility into context, $310 billion represents half of the entire federal deficit this year -- which is the lowest it has been since President Obama took office.