Higher-Income Americans Have Been Cashing In On Green Home Subsidies Under Biden

Higher-income Americans took home the lion’s share of green energy tax credits for residential items deployed by the Biden administration in tax year 2023, according to Internal Revenue Service (IRS) data analyzed by the Daily Caller News Foundation. Around $5.5 billion of the approximately $8.4 billion in tax credit claims doled out for residential energy tax credits came from filers earning more than $100,000 annually, with six-figure-plus earners over three times more likely to claim the credits, according to the IRS data. Residential energy tax credits are composed of two...