Subsidy

Whether or not to fork over the money has divided various groups in Nevada, which relies on tourism and entertainment for a disproportionate share of its economy.

A proposal to help finance a new ballpark for Major League Baseball's Athletics in Las Vegas has revived nationwide debates about public funding for private stadiums. And that has pitted Nevada’s powerful tourism industry and labor unions against some progressive groups, raising concerns about ceding tax revenue when services such as public schools are funded below the national average. Proponents say the proposal could create new jobs, increase the state’s general revenue and further diversify the city's casino and gaming-based economy. But skeptics warn of empty promises, citing growing evidence that minimal dollars generated from the new stadium would not otherwise be spent among nearby resorts and restaurants.

pic.twitter.com/EsdaVSKmdI— J.C. Bradbury (@jc_bradbury) March 28, 2023

The tech company Oracle has agreed to take on $175 million worth of infrastructure development in return for substantial tax breaks. However impressive that number may sound, it’s only pennies compared to the full price of the project. The NFL and Tennessee Titans have also pledged to pay roughly $840 million to help cover the cost of a new stadium. While this is admittedly a good chunk of change, that still leaves well over a billion dollars to Nashville and the state of Tennessee.

The state needs to up its economic development game to compete among states that are growing, Business Leaders for Michigan says. Doing so will require setting a long-term education and business development plan.

Understanding elasticities can help explain why Tesla raised the price of its Model Y by $1,000 after the Treasury Department relaxed its tax credit terms for electric vehicles.

Subsidies are often a policy go-to for governments wanting to encourage more climate-friendly behaviours. But they should be used with caution.

It’s a long-term play to boost manufacturing in the US.

The Chips and Science Act includes more than $52 billion in funding for U.S. companies producing computer chips, among other provisions.

How American life was changed by a subsidy that ride-hail companies can no longer afford.

Musk said in an interview that more social spending would just add to the already sky-high federal deficit.

The price for Ubers, scooters and Airbnb rentals is going up as tech companies aim for profitability.

The United States and the European Union have agreed a truce in their near 17-year conflict over aircraft subsidies, suspending for five years one set of Trump-era tariffs which had soured relations between them.