In so many words, you confirmed what I said: A tax credit is not a subsidy if you happen to like it. If you really believe this, I'm guessing you have problems balancing your own checkbook.
First off, "subsidy" is not a word with negative connotations, unless you choose to make it so. There are and have been plenty of government subsidies, some good, some bad. It's unlikely the transcontinental railroad would ever have been built had the federal government not given the railroads millions of acres in exchange for its construction.
Secondly, the math is simple: if the government gives a tax credit to a individual or corporation, that's money it doesn't collect and it's money the individual or corporation doesn't pay in taxes. If you think that's not a subsidy, then I guess you have a new definition for the word.
Politicians LOVE to give tax credits because it's a not-too-clever way to spend money while pretending to not spend money. You can fool some of the people all of the time.
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Today's Featured Article - Product Review: Lead Substitutes - by Mike Schordine. Lead was oriinally added to gasoline as an upper cylinder lubricant. It lubes the valves and seats. If you rebuild the motor, you could use hardened seats and valves, and unleaded fuel. But if your old tractor runs good, a simple lead substitute added to the gas is a perfectly reasonable solution. And, if you are like me, your tractor is under cover, but it sits outside. So with every temperature change, the humidity in the air collects in the fuel tank, in the form of water.
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