Schumer-Manchin’s Winners and Losers – WSJ

Sen. Joe Manchin harshly and rightly criticized a bonus tax credit for union-made electric vehicles in last fall’s Build Back Better bill. “We shouldn’t be using everyone’s tax dollars to pick winners and losers,” he said. But that’s exactly what his tax and climate policies have to do with the Senate Majority Leader Chuck Schumer does.

The 725-page bill is peppered with green goodies that favor unions and projects in certain regions. Most tax credits for renewable energy projects are five times more generous when contractors pay “reasonable wages” — ie, collectively bargained wages — and employ workers who participate in apprenticeship programs. These are usually run by trade unions.

https://www.wsj.com/articles/chuck-schumer-joe-manchins-winners-and-losers-unions-climate-senate-bill-11659563830 Schumer-Manchin’s Winners and Losers – WSJ

Alley Einstein

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