My Twitter feed this week included tweets about incentives from two Democratic candidates for president.
We need to align the environmental incentives with the financial incentives and make sure that people can actually make money off of new technologies. These need to be union jobs that cut workers in on the deal. @TimRyan
If we update our economic measurements to reflect the things Americans actually care about, then we can align corporations’ profit incentives with improving our citizens’ health and well-being. @andrewyang
The tweets made me curious to know if other candidates also incorporate incentives into their policy statements. A quick, decidedly un-rigorous and non-comprehensive search found the following:
Andrew Yang’s American Mall Act would provide $6 billion to fund struggling malls with matching grants and tax incentives to transform and repurpose the spaces to keep them vital and positive in the community. He would also end bidding wars for corporate relocation by taxing any financial benefit provided to entice local investment, or relocation, at 100%. https://www.yang2020.com/policies/american-mall-act/ and https://www.yang2020.com/policies/end-relocation-bidding/
Elizabeth Warren’s housing plan would give state and local governments an incentive – a $10 billion competitive grant program – to eliminate unnecessary rules that drive up housing construction costs. To apply for the grants, the government would need to reform land-use rules to allow for the construction of additional well-located affordable housing units and to protect tenants from rent spikes and eviction. https://medium.com/@teamwarren/my-housing-plan-for-america-20038e19dc26
Bernie Sanders would incentivize community ownership of farmland to allow more people to work the land, programs to ensure diversity in order to eradicate systems and cultures that prevent fair access to agricultural land and opportunities, rural cooperative business models, and farming systems that help farmers mitigate climate change and build resilience to its impacts. He also proposes incentives for schools to source their meals from local farmers. https://berniesanders.com/issues/revitalizing-rural-america/#Section-1
Beto O’Rourke proposes more than $1 trillion in limited-duration, performance-focused climate change tax incentives that accelerate the scale up of nascent technologies enabling reductions in greenhouse gas emissions. He would also spur investment in infrastructure necessary to cut pollution by using tax credits as well as direct resources. https://betoorourke.com/climate-change/
Amy Klobuchar seeks to create state, local and private incentives related to adoption and deployment of clean energy technology, including promotion of green manufacturing and rural renewable energy development. She supports incentives and other polices for tougher building codes, appliance standards, buy clean, and climate resilience. Her plan would also provide greater incentives for existing broadband providers to use funds to upgrade their networks to cover unserved and underserved areas. https://medium.com/@AmyforAmerica/amys-first-100-days-b7adf9f91262 and https://medium.com/@AmyforAmerica/amys-plan-to-build-america-s-infrastructure-671b08a10751
Kamala Harris would bring back the State Small Business Credit Initiative that supported state programs to strengthen small businesses. She would invest $10 billion in the fund and add incentives to encourage the funding to be used to support minority small businesses operating in high-poverty communities. https://kamalaharris.org/opportunity-gap/
Julian Castro seeks to expand the US Department of Energy’s Tribal Energy Program to support technical assistance, education, training and incentives for renewable energy investments by tribal communities. https://issues.juliancastro.com/people-first-indigenous-communities/
Pete Buttigieg proposes incentives to encourage states to make data related to use of force and other policing activities public and to encourage states and localities to adopt more restrictive policies regarding lethal force. He also seeks to increase service opportunities for Americans and tie that service to incentives, including competitive grants for communities that create ecosystems of service around regional issues. https://peteforamerica.com/douglass-plan and https://peteforamerica.com/national-service-plan
Cory Booker would create a refundable renters tax credit that would offer relief for individuals and families and help cap rental costs at 30% of income for working and middle class Americans. Anyone paying more than 30% of their before-tax income would be eligible for the credit, which would cover the difference between 30% of a beneficiary’s income and their rent (capped at the neighborhood fair market rent). https://medium.com/@corybooker/corys-plan-to-provide-safe-affordable-housing-forall-americans-da1d83662baa
Joe Biden seeks to enhance tax incentives for carbon capture, use and storage (CCUS), create incentives for deep retrofits of the US building stock, and offer incentives for US firms that supply low-carbon solutions to the international market. https://joebiden.com/climate/
This post focused on the candidates expected to qualify for the September debates, according to a recent New York Times article. They also represent the top 10 from “Nate’s not-to-be-taken-too-seriously presidential tiers” from the site fivethirtyeight.com as of yesterday.