The Inflation Reduction Act of 2022 apportioned billions of dollars for green energy tax credits while also allowing them to be sold to other taxpayers.
In addition to winning a second consecutive Super Bowl, dating Taylor Swift, and receiving glowing reviews as a Saturday Night Live host, Kansas City Chiefs tight end Travis Kelce is adding «Hollywood producer» to his résumé. Unfortunately, American taxpayers will be helping him out on that one.
Kelce is an executive producer of My Dead Friend Zoe, a dark comedy film that he helped fund, which premieres in March at South by Southwest. But Variety reports that the film, produced for less than $10 million, will also benefit from federal tax credits designed to incentivize the production of clean, renewable energy.
The Inflation Reduction Act of 2022, President Joe Biden’s signature piece of legislation, spent billions of dollars on tax credits to encourage the development and adoption of clean energy technology.
