Chamath: Biden IRA tax credits removed investment uncertainty in energy markets
Chamath Palihapitiya · The Great Tariff Debate with David Sacks, Larry Summers, and Ezra Klein · Apr 11, 2025 · at 47:05
Investor Chamath Palihapitiya discusses the positive impact of the Biden administration's Inflation Reduction Act tax provisions during a panel debate on US trade policy.
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“Inside the IRA, I think that there were two things, and I've said this pretty repeatedly, but I just want to put it on the record again. The ITC credits and the ITC transfer markets for those credits, the tax equity markets, are critical industries in America to support private investment in all kinds of very complicated markets, energy markets being the most important. And what the Biden administration did to their credit was remove the uncertainty, because those things had to be renewed over and over again, and they gave us a very long window where we could underwrite investments.”
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