Benefit or boondoggle? That’s the billion-dollar question. North Carolina surpassed the $1 billion mark in renewable energy investment tax credits issued in 2018 — three years after the lucrative subsidy program to stimulate solar development expired. Taxpayers have picked up the bill, and could be on the hook for hundreds of millions of more tax...
Government is bigger and more expensive than it needs to be, thanks to an economic concept called the “special interest effect.” A recent John Locke Foundation Spotlight report explains how the concept drives energy policy, health insurance mandates, and sugar subsidies. The report also suggests ways to fight negative consequences tied to the special interest effect. “It’s a...
The federal government issued tax credits in North Carolina approaching a half-billion dollars for renewable energy investment in the five most recent years for which records are available, and high-income earners have benefited the most from the tax favors. But the names of beneficiaries of that $466,928,000 in carve-outs from 2009 to 2013, the...
