Biden is clueless. He complained about the rich not paying taxes yet it was his infrastructure bill that allows the rich to do so. Big investors in green projects now get much fatter tax credits. And in many cases, those credits exceed their tax liability.
So the law now allows them to sell those credits to other rich folks and allow them to pay less or no taxes. Got a spare million in tax credits? Sell them to one with a million dollar tax liability.
And the rich continue to laugh all the way to the bank thanks to Biden.
Biden is clueless. He complained about the rich not paying taxes yet it was his infrastructure bill that allows the rich to do so. Big investors in green projects now get much fatter tax credits. And in many cases, those credits exceed their tax liability.
So the law now allows them to sell those credits to other rich folks and allow them to pay less or no taxes. Got a spare million in tax credits? Sell them to one with a million dollar tax liability.
And the rich continue to laugh all the way to the bank thanks to Biden.