Two days ago, I happily blogged that the renewable energy tax subsidies were doomed due to a territorial dispute between the House of Representatives and the Senate. This was good news because the federal giveaways are a waste of taxpayer money.
I spoke too soon. According to Reuters, Senate leaders tacked the renewable energy tax credit onto their version of the massive bailout plan, which will be voted on tonight.
To add insult to injury, the energy tax provisions are being used as a means to pass the bailout, which is an even worse waste of federal dollars. Charity for renewable energy is popular among a bipartisan swath of Congress because the money gets spread around to boondoggle energy projects in Congressional districts across America. So Senate leaders added it on to the bailout to make the bill more attractive to their colleagues.
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