Michael Thomas @michael-thomas.bsky.social · 07/01/2025Since the election, a lot of people on the left have criticized the IRA. Thea and Daniel call it, "an awkward compromise between neoliberal, market-based policy and government intervention." And honestly, that's a pretty good description of it! 140
Michael Thomas @michael-thomas.bsky.social · 07/01/2025Most of the heavy lifting of the IRA—in terms of emissions reductions—is done through tax credits that are given to some of the biggest companies and investors in the world to build clean energy. You can definitely criticize that. But it's important to understand why it was.. 140
Michael Thomas @michael-thomas.bsky.social · 07/01/2025.. crafted in the way it was. And that's where I think so many critiques go wrong. First, the 50 senate seat constraint meant the bill had to go through reconciliation. The bill had to use taxes and tax credits. Second, the strategy was always to optimize for.. 140
