Bidenomics w/ Daniela Gabor, Ted Fertik, & Tim Sahay
The Dig
00:00
The Pros and Cons of IRA
The clean energy tax credit is going to incentivize wind and solar. If you use prevailing wage in your construction, that baseline credit goes from 6% to 30%. It doesn't guarantee union organization, not by any stretch, but it very significantly levels the playing field between non-union and union labor. Public and nonprofit entities can receive these tax credits basically as a cash payment even though they themselves have no tax liability.
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