||I recently read an article by Katie Tubb from dailysignal.com that really made a good case for getting rid all of the subsides for wind and solar energy. Supporters argue they are necessary for a lot of reasons, such as business certainty, stimulating the economy, preserving jobs, combating global warming, competing internationally, and so forth.
But in reality, they actually hurt the very industries they’re supposed to help by reducing innovation and making U.S. companies less competitive at home and abroad. The truth is that a free market is far more likely to produce the growth and innovation that subsidy supporters claim to want. And yet each year, when Congress tries to extend, re-extend, or retroactively extend targeted tax credits for renewable energy, it hurts long-term innovation and growth.