Timothy Birdnow

What is that giant sucking sound? It's the sound of the rich getting richer!

Big Banks, Corporations Getting 90 Percent Of Biden’s Green Energy Credits: Congressional Study

Most of the green energy tax benefits provided by President Joe Biden’s $750 billion Inflation Reduction Act (IRA) of 2022 are going into the coffers of big banks and billion-dollar corporations, according to House Ways and Means Committee Chairman Jason Smith (R-Mo.).

"While President Biden’s supercharged IRS is warming up to target working Americans, his administration is getting ready to spend those tax dollars to subsidize special interest green energy projects of billion-dollar companies,” Smith saidin a statement based on a new congressional analysis issued by the Joint Committee on Taxation (JCT).

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