The Biden Treasury Department issued its final rules on the new tax credit for developers who build “energy-efficient homes.” Some of the rules are not about energy efficiency but about electrification and solar panels, which means this law has all the normal flaws of green energy laws: It picks winners and losers and thus is certain to have counterproductive unintended consequences.
I think that’s an incomplete and too innocent explanation. Yes, Biden hopes he can buy union votes with corporate welfare that requires union hires. But also, simply funneling money through big business to unionized workers helps the Democrats even if not a single worker is won over by the trickle-down tax credit. That’s because union bosses are uniformly partisan Democrats who will use all union dues to fund Democrats.