How much do solar, wind and electric vehicle companies get in federal handouts and tax loopholes in President Joe Biden’s Build Back Better bill? Well over $100 billion in taxpayer largesse. If all the tax credits are included, that number could reach half a trillion dollars. No other industry in American history has ever received this lucrative a paycheck.
The folks at the Institute for Energy Research calculated that this is on top of the more than $150 billion in subsidies these industries received from Uncle Sam in the last 30 years.
The umbilical cord to taxpayer wallets never gets cut. Yet, laughably, the left says all these subsidies to “green energy” are necessary for an “infant industry.” Really? Does Big Wind or Big Solar ever grow up? Incidentally, our ancestors were using windmills and solar panels during the Middle Ages.
So why do these renewable energies get so much money from Congress, and why do Democrats want to give them the biggest payday in the history of the Washington favor factory? Not because renewable has great promise. Thirty years after the handouts started, wind and solar accounted for less than 8% of our total energy production. It’s inconsequential. more here
Why do they get the money? Because they cannot survive without the bailout, and the green agenda cannot survive without these companies.
Oh, yeah. I forgot to mention kickbacks, allegedly.
Yes, I know that this is obvious
“ solar, wind and electric vehicle companies”
What are solar and wind vehicle companies? Haha, reminds me of “Joe (Biden) helps his Uncle Jack off a horse”
These companies might be doing OK if it wasn’t for the kickbacks to the government officials.
This is fricken criminal – but it’s congress . . so of course it is.
No government official, elected or appointed, or their family members should be allowed to own a fucking red cent in stock in any company that gets any federal, State or local government assistance (defined as broadly as that can be construed) in any way whatsoever UNDER PENALTY OF DEATH.
Looting the treasury always happens after a coup.
Ethanol wouldn’t survive without being subsidized, it’s shit for fuel and all about big Agra-business.
40% of American corn goes to ethanol.
and they better be union companies too!
Nothing for you Tesla you’re non union.
I just finished watching a documentary depicting the Cartwright brothers (especially Hoss) inventing the windmill.
They didn’t need any taxpayer money.
and those solar, wind and electric vehicle companies better be union companies too!
Nothing for you Tesla you’re non union.