Green Energy Not for Environment, but Corporate Welfare

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President Joe Biden keeps lecturing corporate America to 'pay your fair share' of taxes. It turns out he's right that some companies really are getting away scot-free from paying taxes.

President Joe Biden keeps lecturing corporate America to "pay your fair share" of taxes. It turns out he's right that some companies really are getting away scot-free from paying taxes.

What's worse is that Biden keeps spoiling the children with lavish gifts for bad performance. A new report by tax expert Adam Michel at the Cato Institute finds the green energy subsidies — mostly created by Biden policies like the so-called Inflation Reduction Act — will drain the Treasury of as much as $1.8 trillion over 10 years.

What have we gotten for this mountain of taxpayer-funded green energy largesse? Nothing, really. Today, we still get 80% of our energy in America from fossil fuels and nuclear power. Wind and solar are stuck at less than 10%. This is some investment we're making.

 

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