The new President will take office in just a few weeks. He has stated that he will do away with the renewable energy subsidy called the production income tax credit.
Back in the early part of the 21st century, wind and solar were heralded as the cool new way to save the planet. Several big renewable projects were built in Nebraska. Several local units of government have become fondly accustomed to the tax revenue generated by the local renewable energy project. What happens to that tax revenue when the federal subsidy is no longer paid?
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