In so many words, you confirmed what I said: A tax credit is not a subsidy if you happen to like it. If you really believe this, I'm guessing you have problems balancing your own checkbook.
First off, "subsidy" is not a word with negative connotations, unless you choose to make it so. There are and have been plenty of government subsidies, some good, some bad. It's unlikely the transcontinental railroad would ever have been built had the federal government not given the railroads millions of acres in exchange for its construction.
Secondly, the math is simple: if the government gives a tax credit to a individual or corporation, that's money it doesn't collect and it's money the individual or corporation doesn't pay in taxes. If you think that's not a subsidy, then I guess you have a new definition for the word.
Politicians LOVE to give tax credits because it's a not-too-clever way to spend money while pretending to not spend money. You can fool some of the people all of the time.
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Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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