In 2022, President Joe Biden and Congress passed legislation that would give some buyers of electric vehicles

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In 2022, President Joe Biden and Congress passed legislation that would give some buyers of electric vehicles a \($7,500\) tax credit that they could use to reduce the federal income taxes they would otherwise pay. Purchasers of electric vehicles are estimated to receive a total of \($14\) billion in tax credits under the legislation. Was this legislation an example of fiscal policy? Briefly explain.

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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