Question: Read the article below and provide a thorough, thoughtful economic analysis of the advantages and disadvantage of these climate tax credits. Submit your answer by
Read the article below and provide a thorough, thoughtful economic analysis of the advantages and disadvantage of these climate tax credits. Submit your answer by Thursday and provide at least two thorough, thoughtful responses to classmates by Sunday. The Cost of Biden's Climate Tax Credits Is Soaring Fast growth in clean energy and EVs boosts estimates by $428 billion while cutting emissions President Biden's 2022 climate lawLinks to an external site. is driving faster-than-expected growth in electric-vehicle purchases and clean-energy projects, doubling the projected cost to taxpayers while potentially accelerating emissions reductions. The Congressional Budget Office this week bumped upLinks to an external site. its projection of the law's climate tax credits through fiscal year 2033 by $428 billion, putting an official stamp on what public and private analysts had been saying for the past year. The law, known as the Inflation Reduction Act, is expected to spur up to $3 trillion in total public and private investment over the next decade. The CBO's increase is driven by a flood of clean-energy factory
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