Higher-Income Americans Have Been Cashing In On Green Home Subsidies Under Biden – Tampa Free Press

“‘Americans making an average or below-average income don’t have extra room in the budget for electric vehicles and solar panels or to invest in green energy companies,’ Preston Brashers, a research fellow for tax policy in The Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the DCNF. ‘Many everyday Americans can barely afford groceries and rent, let alone Energy Star-rated homes filled with energy-efficient appliances.’ … A study published in July by the National Bureau of Economic Research found that the majority of the $47 billion in green tax credits claimed between 2006 and 2021 went to households in the top 20% of incomes earned.”

Instead of subsidizing people with enough capital to buy expensive new technology, the government should stimulate development and production of clean technology that moderate- and low-income people can afford… Agree with the Heritage Foundation on this one. (How does Heritage propose to help low-wage families?)

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