tax credits

A chief criticism of the $787 billion economic stimulus bill, enacted in February, was that too large a portion went to tax cuts in lieu of spending. Critics, including some conservative economists, argued that people would simply save that money, rather than spending it to stimulate the economy.
Showing signs that they can learn from history, [...]

Despite stated claims from politicians of every stripe about the desire to free the United States from the grip of foreign energy sources, the federal government has offered $15.3 billion in subsidies for imported oil since 2002, according to a new analysis from the Environmental Law Institute.
The report totals government expenditures on different energy sources, [...]

New HUD program allows first-time homebuyers to borrow against an $8,000 tax credit for downpayments, raising questions about what was learned from the housing crisis.

During the first presidential debate, McCain said that “No one in Arizona is against solar” as he championed alternative energy development. But people in his home state say the senator has not been helpful in developing its most abundant resource — sunshine.

Federal tax credits that have sparked a boom in the wind and solar energy industry will die unless Congress acts to save them this week as part of the bailout.