This is coming a little late, but that slew of targeted tax credits proposed in the SOTU have Gene Sperling's fingerprints all over them. Back in the Clinton days, he pioneered the concept of using tax cuts/credits in *place* of appropriated spending for policy ends (think Enterprise Zones), to be consistent with the "no more big government" ethos.
Needless to say, JCT wasn't thrilled about that development. But "tax break" sure sells better these days than "government subsidy", even if both are *identical* in their impacts.
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