Timmy elsewhere

At the ASI

Preferring tax breaks over grants as subsidies.

3 thoughts on “Timmy elsewhere”

  1. There is no is no political difference, in both cases politics is decideing what activity qualifies., I can only see that in one case a income is requied and in the other case the grant can come first.

  2. As a general principle, this particular case aside, it seems to me that grants are broadly preferable to tax breaks partly because they are at least transparent and open to scrutiny in a way that tax breaks are not, and partly because tax breaks are much more susceptible to manipulation by interested parties than grants are.

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