Getting rid of subidies creates wealth

06 Oct 2025 Leave a comment

by Jim Rose in applied price theory, comparative institutional analysis, energy economics, industrial organisation, Public Choice, public economics Tags: , ,

REASON: Starting Today, Electric Vehicle Buyers No Longer Get a Federal Tax Credit. It’s bad news for upper-income motorists wanting a deal, but good news for taxpayers. In 2022, then-President Joe Biden signed the Inflation Reduction Act (IRA) into law…,[awarding] up to $7,500 for purchasing an electric vehicle. …Donald Trump [terminated the subsidy] on September…

Getting rid of subidies creates wealth

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