Re:U.S. Economy Contracts at 0.3% Rate in First Quarter
by matthewdgreen on Wednesday April 30, 2025 @09:48AM
(#43845195)
The IRA added huge incentives towards factory construction in certain areas. Biden also maintained strategic tariffs on certain industries (as opposed to the blanket tariffs Trump is using.) I understand that people with specific political preferences would like to believe these incentives didn’t work, but there’s every reason to believe the simpler explanation: incentives like this do work. We should be learning from these results instead of denying them.
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