FreedomWorks Slams Reconciliation's 30% Muni Broadband Tax Credit
House Ways and Means Committee Democrats’ decision to include a 30% tax credit for municipal, state and tribal government-owned broadband networks’ operations (see 2109140063) in the Build Back Better Act budget reconciliation package “is just the latest example of big…
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government picking market winners and losers,” FreedomWorks President Adam Brandon said Tuesday. “Government-owned corporations rarely produce the results they promise” and “this is particularly true of highly competitive and innovative industries like broadband.” President Joe Biden “should take a page from the Trump administration’s playbook and incentivize private markets to bridge the digital divide rather than foolishly continuing to throw more of the taxpayers’ money at the problem,” Brandon said. The American Action Forum and Free State Foundation are among others that also criticized the tax credit proposal.