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If you think even about the etymology of "hand-out", it is not in fact the government handing out money — the company is handing less money to the government.
by justrealist 4y ago
If you think even about the etymology of "hand-out", it is not in fact the government handing out money — the company is handing less money to the government.
When the federal government gives a tax credit for installing residential solar panels, it is not a "consumer bailout" or "welfare".
We have a perfectly good term for this, which is "tax credit", because that is what it is.
- ch4s3 4y agoAgain they're receiving more than just tax credits and rebates. They're also receiving loans, a recent $101 million Critical Industry Program grant, tariff protections, and on and on. However, if you just want to talk taxes we can. A tax exemption or rebate is an asset given to you by the state. It operates not unlike loan forgiveness. You owed something and now they(the state) are waiving that liability. > When the federal government gives a tax credit for installing residential solar panels This is absolutely a handout to the solar industry. A tax credit is still a handout, and double so when they're given to favored industries and companies.