Over the past several decades, the green energy lobby - what I call the climate change-industrial complex - isn't paying their fair share.
Over the past two decades, the renewable energy lobby has collected more than a quarter-trillion dollars in subsidies - payments that we've been assured over and over would be temporary.
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.
The Cato report finds that since its passage, "The estimated cost of the IRA's new and expanded energy tax credits have nearly tripled." These tax shelters are just a form of aid to dependent corporations.
We still get 80% of our energy from fossil fuels and nuclear power.
Guess what industry is explicitly exempt from the minimum? The green energy lobby.
The green in green energy doesn't stand for a cleaner environment.
https://www.washingtontimes.com/news/2024/apr/10/bidens-green-energy-biggest-corporate-welfare-scam/
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