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 - A Towny Goes Plowing - by Anthony West (UK). I live in an area renowned for its rural beauty. Small fields with hedgerows and trees are common place, as are small hamlets with village greens and the odd duck pond complete with swans. The center of any village once the shop is closed is the old tavern. Rustic places with cheerful names like "The Griffin" "Red Lion" or "The Plough and Harrow" are found dotted around the country lanes all over the place. The warm glow of yellowish light can be seen for quite some distance at dusk, and
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