Keyword: subsidies

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  • Trump Is Right — Subsidies For Electric Cars, Renewable Energy Must End

    12/10/2018 5:57:38 PM PST · by Hojczyk · 41 replies
    IBD ^ | December 5,2018 | EDITORIALS
    Subsidies: President Trump's economic adviser Larry Kudlow says subsidies for electric cars and other renewable energy programs might soon be eliminated. That would be a major victory on the road to energy freedom. National Economic Council chief Kudlow, a well-known free marketeer and supply-sider, said subsidies might disappear as soon as 2020 — interestingly, the next presidential election year. The decision comes after General Motors — the beneficiary of $2,500-$7,000 tax credits for those who buy GM's plug-in cars, not to mention two separate corporate tax cuts — decided to close five North American plants, leaving 14,700 workers without jobs....
  • Thousands moved out for a new GM factory; now it's closing

    11/30/2018 5:59:21 AM PST · by george76 · 80 replies
    Reuters ^ | November 26, 2018. | David Shepardson;
    General Motors Co on Monday pulled the plug on the Chevrolet Volt hybrid and the Detroit-Hamtramck Assembly plant that builds it, both examples of a costly gamble that is not paying off. GM’s widely touted factory of the future, forced on a town desperate for jobs and hailed decades later by former resident Barack Obama, is set to wind down over the next few years, leaving beleaguered Hamtramck wondering what happened. Detroit Mayor Mike Duggan said at a news conference Monday that he told GM chief executive Mary Barra Monday that “we moved thousands of people out of that neighborhood...
  • How Sugar Subsidies Ruin Halloween

    10/31/2018 6:36:12 PM PDT · by TBP · 16 replies
    You Tube ^ | 2017 | "Andrew Creepton"
    This Halloween while you're getting pudgy from candy,crony capitalists are getting rich off sugar subsidies.
  • Trump Administration Eyes Defining Transgender Out of Existence

    10/21/2018 6:49:56 AM PDT · by blueplum · 82 replies
    NYTimes ^ | 21 Oct 2018 | Erica L. Green, Katie Benner and Robert Pear
    WASHINGTON — The Trump administration is considering narrowly defining gender as a biological, immutable condition determined by genitalia at birth, the most drastic move yet in a governmentwide effort to roll back recognition and protections of transgender people under federal civil rights law. ... the Department of Health and Human Services is spearheading an effort to establish a legal definition of sex under Title IX, the federal civil rights law that bans gender discrimination in education programs that receive government financial assistance, according to a memo obtained by The New York Times. The department argued in its memo that key...
  • Congress Can Slash the Cost of Health Care Premiums by as Much as a Third. Here’s How.

    10/04/2018 5:53:41 AM PDT · by Tolerance Sucks Rocks · 15 replies
    The Daily Signal ^ | October 3, 2018 | Doug Badger
    A proposal to repeal Obamacare entitlements and replace them with grants to states would reduce premiums for individual coverage by as much as 32 percent, according to an analysis by the Center for Health and Economy.The Health Care Choices Proposal also would modestly reduce the deficit, increase the number of people with private health insurance, and cut Medicaid spending, according to Center for Health and Economy.The proposal, the product of national and state think tanks, policy analysts, and others in the conservative community, embarks on a new path to empower consumers and return authority to the states to provide people...
  • Meet the Farmers of Manhattan

    09/09/2018 8:16:22 AM PDT · by bkopto · 23 replies
    Ag Mag ^ | 9/7/2018 | SCOTT FABER
    A 52-story skyscraper on Park Avenue in New York City is the world headquarters for JPMorganChase, the largest bank in the U.S. But according to data from the Department of Agriculture, it’s also the home of one of 850 “farmers” who live in Manhattan. 270 Park Avenue, New York City. All photos from Google Street View. Between 1995 and 2016, those “farmers” received almost $16 million in federal farm subsidies. The map below plots their locations. Many of these “farmers” are also bankers, lawyers or Wall Street bigwigs. Their “farms” are at decidely urban addresses like 1015 Madison Avenue, 135...
  • Poll: Majority of Americans approve of Trump aid to farmers

    07/29/2018 10:13:10 AM PDT · by yesthatjallen · 21 replies
    The Hill ^ | 07/29/18 | Max Greenwood
    More than half of Americans approve of President Trump's decision to send billions of dollars in aid to farmers affected by new retaliatory tariffs, according to a CBS News poll released Sunday. Fifty-six percent of respondents said that they support the plan, including three-quarters of Republicans and a third of Democrats, according to the survey, which was conducted from July 26-28. The Trump administration announced on Thursday that it would send as much as $12 billion in emergency relief to farmers affected by recent retaliatory tariffs implemented as part of an ongoing trade war. Trump has faced criticism for imposing...
  • Federal subsidies flowing to Sen. Claire McCaskill's husband

    07/28/2018 7:32:41 PM PDT · by Libloather · 26 replies
    Washington Examiner ^ | 7/25/18 | Emily Jashinsky
    Sen. Claire McCaskill, D-Mo., probably didn't have the best birthday this year. A Kansas City Star report on Tuesday revealed that a whole lot of federal dollars have been flowing to businesses tied to the senator's husband since she took office in 2007. According to the report, more than $131 million in federal subsidies have been routed to companies McCaskill's husband, Joseph Shepard, has invested in since she entered the Senate. "Based on the data, it appears that a growing percentage of Shepard’s personal earnings come from new businesses he has invested in that are receiving federal awards, primarily rural...
  • Trump announces emergency aid for farmers hurt by trade war, says they'll win in the end

    07/24/2018 4:51:13 PM PDT · by E. Pluribus Unum · 57 replies
    Fox News ^ | 7/24/2018 | Andrew O'Reilly
    The Trump administration announced Tuesday that it will grant up to $12 billion in emergency aid to farmers hurt by retaliatory tariffs in the ongoing trade fight with China and other American trading partners. Secretary of Agriculture Sonny Perdue said that the plan, which will provide direct assistance and other temporary relief for farmers through the USDA’s commodity program, is meant as a stopgap to give Trump time to negotiate a long-term policy with China, the European Union and others. The plan was announced as Trump spoke at the Veterans of Foreign Wars national convention in Kansas City, where he...
  • Trump tapping $12B to help farmers affected by tariffs

    07/24/2018 12:01:08 PM PDT · by Freedom'sWorthIt · 82 replies
    wral.com ^ | July 24, 2018 | KEN THOMAS and PAUL WISEMANl, AP
    WASHINGTON — The government announced a $12 billion plan Tuesday to assist farmers who have been hurt by President Donald Trump's trade disputes with China and other trading partners. The plan focuses on Midwest soybean producers and others targeted by retaliatory measures. The Agriculture Department said the proposal would include direct assistance for farmers, purchases of excess crops and trade promotion activities aimed at building new export markets. Officials said the plan would not require congressional approval and would come through the Commodity Credit Corporation, a wing of the department that addresses agricultural prices. "This is a short-term solution that...
  • Sen. Ron Johnson (R-Wis.) tells [media]... Trump..."is becoming...like a Soviet-type of economy..."

    07/24/2018 12:15:01 PM PDT · by SoFloFreeper · 86 replies
    Twitter ^ | 7/24/18 | Alex Bolton, "journalist" for The sHill
    Sen. Ron Johnson (R-Wis.) tells @burgessev and me outside GOP lunch that $12 billion in trade assistance to farmers from Trump administration "this is becoming more and more like a Soviet-type of economy here" with "commissars" sprinkling around benefits.
  • White House readies plan for $12 billion in emergency aid to farmers [shortened]

    07/24/2018 9:04:11 AM PDT · by GIdget2004 · 67 replies
    Washington Post ^ | 07/24/2018 | Damian Paletta and Caitlin Dewey
    The U.S. Agriculture Department on Tuesday plans to announce a $12 billion package of emergency aid for farmers caught in the midst of President Trump’s escalating trade war, two people briefed on the plan said, the latest sign that growing tensions between the United States and other countries will not end soon. Trump ordered Agriculture Secretary Sonny Perdue to prepare a range of options several months ago, amid complaints from farmers that their products faced retaliatory tariffs from China and other countries. The new package of government assistance funds will be announced Tuesday and is expected to go into effect...
  • Subsidies Galore: Corporate Welfare For The Politically-Connected Businesses Is Bipartisan

    07/17/2018 7:33:09 AM PDT · by SeekAndFind · 4 replies
    IBD ^ | 07/17/2018
    Congress created the usual special interest frenzy with its latest iteration of the Farm Bill. Agricultural subsidies are one of the most important examples of corporate welfare, money handed out to businesses based on political connections. Business plays a vital role in a free market. In real capitalism there are no guaranteed profits. But corporate welfare eliminates this handicap for the well-connected. Business subsidies that allow politicians to channel economic resources toward their preferred ends distort investment and trade. Moreover, turning government into an engine of illicit profit encourages what economists call rent-seeking. Well-organized special interests usually triumph over the...
  • SCHUMER WARNS:FUNDING AT RISK FOR CRITICAL AND COST-EFFECTIVE FARM-SAFETY PROGRAM

    05/29/2018 9:00:23 PM PDT · by mdittmar · 19 replies
    U.S. Senate Minority Leader Charles E. Schumer ^ | 5.23.18 | U.S. Senate Minority Leader Charles E. Schumer
    SCHUMER WARNS: FUNDING AT RISK FOR CRITICAL AND COST-EFFECTIVE FARM-SAFETY PROGRAM TO HELP PREVENT DEADLY TRACTOR ROLLOVERS; SENATOR LAUNCHES NEW PUSH ON CDC TO FUND TRACTOR ROLLOVER PROTECTION PROGRAM AND KEEP IT RUNNING AT FULL SPEED The Federally-Funded Northeast Center For Occupational Safety And Health For Agriculture, Forestry and Fishing (NEC) Provides Farmers With Important Resources, Like Special 1-800 Safety Number, Access To Farm-Safety Experts And Information On Next-Gen Farm Safety Equipment Like Tractor Rollover Bars NEC’s Research Led To National ROPS – Rollover Bar – Rebate Program, But Senator Says Lack Of Available Grants Puts ROPS Program At Risk Schumer: Any...
  • Phone records link wind industry group to political consultant who had Oklahoma legislator tracked

    05/08/2018 11:54:23 AM PDT · by Osage Orange · 16 replies
    The Daily Oklahoman ^ | May 6, 2018 | Nolan Clay
    The OSBI has found new evidence linking a wind energy group to the political consultant who had a state legislator tracked, The Oklahoman has learned. "It's pretty obvious," Rep. Mark McBride said of the evidence from the subpoenaed phone records of Texas political consultant George C. Shipley. McBride, R-Moore, has blamed the wind industry ever since finding a GPS tracker on his pickup the evening of Dec. 4. He was told about the new evidence Thursday when a special agent from the Oklahoma State Bureau of Investigation reinterviewed him. After going through the phone records, they have matched phone calls...
  • Here’s a very sweet reason Roger Stone has it in for Ron DeSantis

    04/13/2018 6:07:09 AM PDT · by Basket_of_Deplorables · 34 replies
    Tampa Bay Times ^ | 3-31-2018 | Adam C. Smith
    A new attack ad against DeSantis has links to the bare knuckled political operative -------------snip--------------- Today an outfit called National Liberty Federation began airing about $290,000 in ads on radio and Fox News TV stations across Florida hammering Republican U.S. Rep. Ron DeSantis: -------snip--------- The National Liberty Federation is run by a Palm Beach County resident named Everett Wilkinson, who used to call the group the South Florida Tea Party. Wilkinson for years has worked closely with Roger Stone, hosting a 2011 Boca Raton Trump rally that served as a harbinger of his presidential campaign, vocally supporting more casinos in...
  • Offer infrastructure investors a share of the tax take

    04/17/2018 12:08:42 AM PDT · by Tolerance Sucks Rocks · 2 replies
    Nikkei Asian Review ^ | April 17, 2018 | Naoyuki Yoshino
    Asia needs more transport infrastructure. More than the state, which finances the lion's share, can fund. So what more can be done to bring in increased private capital, when investors have so far been mostly disappointed by the returns? Is there a way of breathing new life into the public private partnership (PPP), the most common vehicle for private infrastructure investment? We think so. Governments need to offer private sector investors more than they can hope to earn from ticket sales on railways or motorway tolls. They should consider sharing the extra tax revenues generated from the increased economic activity...
  • Ted Cruz’s War On Ethanol Takes Him To Philly

    02/22/2018 12:10:43 PM PST · by Rio · 18 replies
    Chem.info ^ | 2/22/2018 | Catherine Sbeglia
    As part of his ongoing war against the ethanol industry, Senator Ted Cruz traveled to Philadelphia this week to meet with oil refinery workers who claim to be facing layoffs and financial ruin due to the federal mandated Renewable Fuel Standard (RFS). The now-bankrupt refinery, Philadelphia Energy Solutions, has argued that the cause of its financial problems are renewable identification numbers, or RINs, federal credits that refineries must purchase if they are unable to blend ethanol with gasoline as federal law requires. Credit prices fluctuate and in the past year, have risen from a few cents to nearly $1.40 apiece....
  • As Some Got Free Health Care, Gwen Got Squeezed: An Obamacare Dilemma

    02/19/2018 8:33:51 PM PST · by Theoria · 51 replies
    The New York Times ^ | 19 Feb 2018 | Abby Goodnough
    Gwen Hurd got the letter just before her shift at the outlet mall. Her health insurance company informed her that coverage for her family of three, purchased through the Affordable Care Act marketplace, would cost almost 60 percent more this year — $1,200 a month. She and her husband, a contractor, found a less expensive plan, but at $928 a month, it meant giving up date nights and saving for their future. Worse, the new policy required them to spend more than $6,000 per person before it covered much of anything. “It seems to me that people who earn nothing...
  • IRS overpaid nearly $3.5 billion in Obamacare tax credits in 2017, can’t recoup money

    02/07/2018 5:46:32 PM PST · by jazusamo · 33 replies
    The Washington Times ^ | February 7, 2018 | Tom Howell Jr.
    The IRS overpaid nearly $3.5 billion in Obamacare tax credits last year that it cannot recoup because of constraints built into the program, frustrating Republicans who have failed to repeal the health care law but say that money could have been spent on programs for veterans or infrastructure. A Treasury watchdog said the government paid out roughly $24 billion in Obamacare subsidies in the heart of the 2017 tax-filing season, with $5.8 billion in overages. Of that, just $2.3 billion was clawed back, leaving $3.5 billion in outstanding excess payments. “The overpayments were that much?” said Rep. Phil Roe, Tennessee...