At-risk IRA tax credits drive industrial-scale infrastructure in red and blue states

Don’t Fall for the Phase-Out Fallacy

“Nothing is so permanent as a temporary government program.” This adage, often attributed to economist Milton Friedman, rings particularly true today concerning energy subsidies. Time and again, subsidy mechanisms like tax credits and production mandates are introduced with specific expiration dates or phase-down schedules, framed as temporary boosts for nascent technologies or short-term solutions to specific problems. Yet, history shows these …

At-risk IRA tax credits drive industrial-scale infrastructure in red and blue states

The Inflation Reduction Act is a bipartisan success story, but if these tax credits disappear, so will plans for future factories, jobs and the chance to reclaim our industrial leadership.