Corporate welfare is when the government favors certain businesses in the form of direct subsidies, tax credits, or favorable regulatory schemes. Sometimes this practice is referred to as “economic development.” This label creates a dangerous misconception about corporate welfare, which is known to hinder, if not reverse, economic growth.
Economy
The predictable outcome of California’s green energy policies has arrived and it’s a disaster
Back when I served in the California State Assembly from 2004 to 2010, California ranked 7th or 8th in the nation for electricity costs. At the time, the Democratic majority in Sacramento was pushing bill after bill mandating greater reliance on renewable energy, assuring everyone that these policies would make us look like “geniuses” when the price...
March 3, 2025