Biden pays off unions
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Biden’s union payoff
The inflation reduction act doesn’t reduce inflation, it actually raises taxes on everyone. And now we learn it’s also a payoff to unions. Why Biden wants to distort market forces and use our precious tax dollars so inefficiently is obvious: he’s paying off unions.
Solar
The new base tax credit for solar and wind production would be $5.2 per (MWh).
Investors in projects that use union labor would be able to claim $26 MWh
Investors using 100% steel made in the U.S get $28.6
C Sequestration
The base tax credit for carbon sequestration is $17 per ton
For projects using union labor it is $85 per ton.
Nuclear Power
The base tax credit for nuclear power is $3 per MWh.
It is $15 per MWh if union labor.