"WASHINGTON, Oct 25 (Reuters) - Donald Trump has promised to gut U.S. President Joe Biden's climate subsidies if elected. But many of Trump's allies are benefiting from them thanks to big investments in solar power, electric vehicles, carbon sequestration, hydrogen and other clean energy technologies.
"Reuters found at least seven of Trump's close allies and fundraisers, or the firms they run, hold hundreds of millions of dollars-worth of stakes in companies that are significant beneficiaries of the tax breaks embedded in the Inflation Reduction Act, Biden's signature climate law."
Of course, Reuters thinks this means Trump will not do what he says. I think it means that these allies do not consider that these subsidies are important enough to part company with Trump. If the government offers a tax credit or subsidy, what company would refuse to take advantage of it?
I know someone with gobs of student loan debt who regards Biden's forgiveness program as indefensible but is willing to take advantage of it if possible. I really cannot argue too strongly in opposition considering how much we are all taxed to fund stupid stuff....like alternative energy programs. Do not give away chocolate cake at a diabetes support group, but do not be surprised if the plate is locked clean.
No comments:
Post a Comment