I shouldn't have to spend so much money on an accountant every year. But I don't really have a choice.
The policy is a true budget buster and is ineffective in the long term.
It's part of the government's expensive public-private partnership meant to address concerns over a reliance on foreign countries, like China, for semiconductors.
The credit "is at best a break-even proposition and more likely a net cost" for the state.
The tax credits currently rank as the largest subsidy in state history.
It's taxpayers who lose when politicians give gifts, grants, and loans to private companies.
According to a report from Good Jobs First, St. Louis' public schools took the brunt of the loss at nearly 65 percent of the total.
That's bad news for Americans.
Lawmakers can take small steps that are uncontroversial and bipartisan to jumpstart the fiscal stability process.
The program generates just 19 cents for every dollar spent.
According to a Treasury Department website, two of the three Cybertruck models currently offered would qualify for tax credits.
How to declare a ceasefire in the carbon tariff wars.
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
At least a dozen states have beefed up targeted incentives to coincide with handouts from the Commerce Department.
Movie Industry Says Georgia's Film Tax Credits Are Great. State Auditors Say They're a Waste of Money.
Contradicting a new report funded by entertainment industry advocates, state auditors have cast significant doubts on the tax credit program's actual effectiveness.
Carmakers don't need a crony-capitalist slush fund.
The ideology champions the same tired policies that big government types predictably propose whenever they see something they don't like.
In 2019, discretionary spending was $1.338 trillion—or some $320 billion less than what Republicans want that side of the budget to be.
Maybe taxpayers would make fewer mistakes if the federal tax code weren't so hopelessly complex.
In 2021, the state of Georgia made an expensive bet on an unproven company that could be headed for financial catastrophe.
The Inflation Reduction Act imposes byzantine requirements to qualify for the credits. Some automakers are simply ignoring them and finding other ways to lower prices.
Eliminating taxation on compensation for being a human guinea pig is just good public policy.
The state promised Ford nearly $900 million in incentives, including new and upgraded roads. But it chose to run that new road through a number of black-owned farms.
Volkswagen unveiled a cheap new electric concept car, but protectionist policies mean it's not worthwhile for the company to introduce it in the U.S.
Congress’ Joint Committee on Taxation reported that a permanent expansion would cost more than $1.4 trillion over a decade.
Stellantis, one of the largest automakers on the planet with billions in cash on hand, got a generous handout from the state of Indiana for choosing to build its battery manufacturing plant there.
Biden sat in a truck that costs as much as $120,000 to promote a tax credit that only applies to electric vehicles retailing for up to $80,000.
The factory may have been a bad deal for Virginia, but tying the decision to Chinese aggression is the wrong move.
But partisans are having the wrong debate.
Free Market Think Tank Names Georgia Electric Vehicle Plant the 'Worst Economic Development Deal of 2022'
Rivian, an electric truck manufacturer that hopes to compete with Tesla, received a lucrative deal to build a new factory in Georgia despite concerns about its finances.
The Congressional Budget Office projects that future deficits will explode. But there's a way out.
It's especially outrageous when considering the billions of dollars in fraud that took place thanks to COVID-19 relief programs.
The policy has some bipartisan support, despite the fact that it has mostly been a failure since its inception.
If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.
Honda, one of the world's largest automakers, announced it would spend $4 billion building and upgrading factories in Ohio. The state is showering it with public funds anyway.
From immigration to drug reform, there is plenty of potential for productive compromise.
Businesses are all in favor of competition, tax cuts, and deregulation only until they aren't—meaning only until subsidies might benefit them.
Possibly the federal government's most efficient pandemic spending effort.
From cronyist subsidies to an unfair tax code, there are several key fixes Congress could make to better serve the public.
Many conservatives no longer appear to care much for fiscal conservatism.
Even Democrats are criticizing the bill's unrealistic expectations.
If you believe that moving most of our chip production onshore is good for national security, you should labor for regulatory reforms rather than subsidies.
Under Biden, Trump, and Obama, government federal spending almost doubled.