This system began as a result of wage caps during World War II, and then expanded when preferentialtaxtreatment for employer plans was codified into law.
None of these taxes applies to renewables: thus renewables have a preferentialtaxtreatment to fossil fuels and are subsidised because, recall, their whole case rests on the idea that a preferentialtax rate is a subsidy.
Try to think of another industry where businesses can charge tens of thousands of dollars for their services, while at the same time receiving donations from happy old customers and receiving preferentialtaxtreatment from Uncle Sam.
The Shanghai municipal government set new price guidelines on homes that qualify for preferential transaction taxtreatment, widening a tax benefit for many home buyers in the city as developers struggle with falling sales there.