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Keyword: subsidies

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  • The Latest: Trump says he will end 'war on American farmer'

    08/27/2016 5:55:28 PM PDT · by 2ndDivisionVet · 67 replies
    Lancaster Farming ^ | August 27, 2016 | The Associated Press
    WASHINGTON (AP) — The Latest on the 2016 presidential campaign (all times EDT): 4:20 p.m. Donald Trump is telling Iowans that one of his campaign goals is to "make America grow again." Speaking at a rally Saturday in Des Moines, Iowa, Trump touted his plans to boost economic growth and help American farmers, including his proposal to lower the tax rate on family farms to 15 percent....
  • Corporate Welfare’s Strange Allure for Politicians

    08/23/2016 7:25:27 AM PDT · by MichCapCon · 1 replies
    Capitol Confidential ^ | 8/20/2016 | Michael LaFaive
    It’s not coincidence or bad luck that causes government economic development programs to so reliably fail to meet their promises — there are good reasons to expect this. So why do politicians keep returning to this dry well? Sadly, even an unconventional, non-careerist politician like Michigan Gov. Rick Snyder is taking a turn with an executive order that appears to embrace the flawed economic central planning vision that inspires such programs. He is doing so despite having expressed skepticism about such programs in his first election campaign and reducing their scale after he was elected. The governor's executive order creates...
  • The left’s grand, green vision

    06/12/2016 3:55:48 PM PDT · by Tolerance Sucks Rocks · 10 replies
    The Washington Times ^ | June 5, 2016 | Stephen Moore
    Like a crazed serial killer, the liberal green groups are celebrating their “victory” of putting America’s major coal producers out of business — to say nothing of the tens of thousands of miners placed in unemployment lines. Several thousand more mining jobs were lost last month. Now to get their next homicidal high, the leftists have turned their ambitions on the oil and natural gas industries. Here is how the Sierra Club spokeswoman, Lena Moffit, explains the grand, green vision: “We have moved to a very clear and firm and vehement position of opposing gas. We oppose any new gas-fired...
  • Are Subsidies Killing US Solar Companies?

    05/12/2016 3:41:41 PM PDT · by bananaman22 · 19 replies
    Oilprice.com ^ | 12-05-2016 | Solarbust
    The oil price rout has caused a lot of headaches in the renewable industry, especially in the heavily subsidized U.S. solar sector, which is suffering some setbacks even as solar installations are growing rapidly. Solar power suppliers are scaling back operations as demand is growing slower than expected, and the sector is wondering where to go from here. Investors have, of course, sensed the uncertainty. An industry that showed so much promise—particularly against the background of international efforts to curb the effects of climate change—is now in the doldrums. So what went wrong?
  • Court Says Administration Violated Constitution in Funding Obamacare Subsidies

    05/12/2016 2:20:22 PM PDT · by Olog-hai · 9 replies
    Cybercast News Service ^ | May 12, 2016 | 3:56 PM EDT | Terence P. Jeffrey
    Judge Rosemary Collyer of the U.S. District Court for the District of Columbia issued an opinion today declaring that the Obama administration violated the Constitution by funding Obamacare subsidies for which Congress did not appropriate funds. “Congress passes all federal laws in this country,” the judge wrote in her opinion in the case of U.S. House of Representatives v. Burwell. “The Court will enter judgment in favor of the House of Representatives and enjoin the use of unappropriated monies to fund reimbursements due to insurers under Section 1402,” the judge said. …
  • How Congress Mysteriously Became a ‘Small Business’ to Qualify for Obamacare Subsidies

    05/12/2016 11:08:25 AM PDT · by milton23 · 8 replies
    The Daily Signal ^ | 5/11/16 | Robert Moffit
    It seems that federal officials have worked overtime to undermine public trust. Benghazi, the IRS abuses, the “fast and furious” gun-running fiasco, the solar power boondoggles, and the seemingly endless implementation problems of the Affordable Care Act—all these scandals have common themes: arrogant and abusive bureaucracy, double dealing, lame excuses, and legal hairsplitting. The outrages listed above can be placed squarely at the doorstep of the White House. But one scandal is truly bipartisan: How key administration and congressional officials connived to create, under cover of the Affordable Care Act, also known as Obamacare, special health insurance subsidies for members...
  • BREAKING: Obamacare Suffers Major Blow With Subsidy Payment Strikedown

    05/12/2016 10:15:45 AM PDT · by xzins · 81 replies
    Townhall ^ | May 12, 2016 | Katie Pavlich
    A federal judge has ruled the federal government has been inappropriately paying out Obamacare subsidies, which House Republicans sued over. The lawsuit argues the Obama administration is spending money that was never allocated by Congress.
  • What Do Government Subsidies Provide? Higher Prices And More Overhead, Mostly

    05/04/2016 4:19:42 AM PDT · by IBD editorial writer · 1 replies
    Investor's Business Daily ^ | 5/3/2016 | John Merline
    Former Sen. Phil Graham once quipped that “if you think health care is expensive now, wait until it’s free.” He said that when President Clinton was, unsuccessfully, trying to get his wife’s Health Security Act through Congress in 1993. Graham was right. While Clinton didn’t get his plan enacted, health care has become increasingly “free” to consumers, as the share they pay out-of-pocket dropped from 47% in 1960, to 23% by 1980 to less than 11% today. This trend has been driven almost entirely by government policies — either through government programs like Medicare and Medicaid, or because of distortions...
  • Hot Tesla Model 3 to Get Unneeded $1.5 Billion Tax Subsidy

    04/28/2016 11:47:41 AM PDT · by jazusamo · 24 replies
    NLPC ^ | April 28, 2016 | Mark Modica
    Tesla Motors recently reported that it has received close to 400,000 orders for its yet to be released, $35,000 Model 3. Most of the pre-ordered vehicles are not even expected to be delivered until after 2018. While congratulations may be in order to Tesla for seemingly developing a mainstream electric vehicle (EV) that has so much consumer interest that demand is far outpacing supply, one question must be asked. Why the hell is the vehicle being subsidized to the tune of $1.5 billion in future tax credits? If Tesla has proven that EVs can be profitably manufactured, it is...
  • End the 21st Century Jobs Fund

    04/25/2016 11:09:28 AM PDT · by MichCapCon · 2 replies
    Michigan Capitol Confidential ^ | 4/19/2016 | James Hohman
    Over 10 years ago the state began an experiment in economic development policy. Gov. Jennifer Granholm pushed through a plan to gradually spend $2 billion through a “21st Century Jobs Fund.” Famously, she told Michiganders that they would be “blown away” by the incredible results of this spending. Well, the results are in and it’s hard to describe the 21st Century Jobs Fund as anything other than a complete failure. The money has all been spent, but no one has been blown away. And if new jobs have been created by this spending, they have not been consistently or coherently...
  • More Woes for Tesla from Consumer Reports

    04/21/2016 11:06:58 AM PDT · by jazusamo · 50 replies
    NLPC ^ | April 21, 2016 | Paul Chesser
    As it continues to defy common sense and the laws of economics with its lofty stock price, Tesla has again shown it has little corporate competence in the ability to deliver a consistently functional product that satisfies customers. The latest evidence comes in the recently rolled out Model X, which is allegedly an SUV, but looks like just another car. Retailing at a price only the extremely wealthy can afford ($138,000), the all-electric follow-up to the similarly troubled Model S automobile has stumbled out of the gate. The problems were outlined in a Consumer Reports article posted online Tuesday,...
  • FCC approves Internet subsidies for the poor

    03/31/2016 1:31:54 PM PDT · by jazusamo · 55 replies
    The Hill ^ | March 31, 2016 | Mario Trujillo
    Millions of poor Americans will be eligible for federal subsidies to help pay the cost of Internet service after new regulations were approved in a whirlwind Federal Communications Commission meeting on Thursday. The FCC voted to expand its 30-year-old program called Lifeline, which previously offered $9.25 in subsidies for phone and basic cell service. The three Democratic commissioners approved the proposal over opposition from the two Republicans, who have concerns about the program's budget. The vote was delayed for more than three hours as Republicans accused FCC Chairman Tom Wheeler of scuttling a late-night compromise to bring them on board....
  • Taxpayers on hook for ‘clean’ energy projects

    03/14/2016 5:12:33 PM PDT · by jazusamo · 4 replies
    The Washington Times ^ | March 14, 2016 | Nicholas Loris
    When taxpayers lost more than a half-billion dollars on the failed solar manufacturer Solyndra, they were understandably upset. But Solyndra isn’t the only corporate body in the graveyard of green bankruptcies. And more are surely on the way. Over a decade ago Congress created a loan-guarantee program that allows the Department of Energy (DOE) to gamble taxpayers’ money to promote “clean” energy projects. The 2009 stimulus package created a new loan-guarantee program that expanded the pot of money available. Many of the companies taking advantage of the program also rake in a wide assortment of other state and federal tax...
  • We Cannot Afford “Free” Wind and Solar Energy

    03/10/2016 6:00:35 PM PST · by Sean_Anthony · 14 replies
    Canada Free Press ^ | 03/10/16 | Michael Fumento
    If solar and wind were indeed catching up to other forms of electricity generation, they wouldn’t need current subsidies, much less ever-growing ones. Such are the incredible costs of producing energy with “free fuel" While driving the mostly empty and flat 1,000 miles from Houston to Colorado Springs recently, I noticed something I hadn’t seen much just a few years ago—lots of wind farms dotting the landscape, but none anywhere near even small population centers. And another funny thing, though: Invariably, many of the turbines weren’t moving and one of the largest appeared to have about 100 turbines, yet I...
  • Green energy policies bring power giant to €7 billion loss (Germany’s E.ON)

    03/09/2016 5:44:45 AM PST · by Olog-hai · 2 replies
    TheLocal.de ^ | 09 Mar 2016 13:55 GMT+01:00 | (AFP)
    German power giant E.ON on Wednesday said it booked a €7.0 billion ($7.7-billion) net loss in 2015 and warned that “the course ahead will be tougher and longer than anticipated”. […] German power utilities have complained that the country’s transition from conventional carbon fuels to greener, cleaner sources of energy is squeezing their margins. The cost of having to close down their nuclear power plants and the heavy subsidies afforded to renewable energy have pushed them deeply into the red, the companies argue. The glut of government-subsidized solar, wind and other renewable power has led to a collapse in wholesale...
  • Buried in Obamacare paperwork, a lot of cancer patients have subsidies snapped (Pelosi knew)

    02/15/2016 4:58:50 PM PST · by Libloather · 8 replies
    **SNIP** Hundreds of thousands of people lose subsidies under the health law, or even their policies, when they get tangled in a web of paperwork problems involving income, citizenship and taxes. Some are dealing with serious illnesses like cancer. Advocates fear the problems, if left unresolved, could undermine the nation's historic gains in health insurance. Walk Whitlow was under treatment for cancer when he found out his financial assistance under President Barack Obama's health care law got slashed - meaning his premium quadrupled and his deductible went from $900 to $4,600. Lynn Herrin got irritated when she had to pay...
  • Super-Subsidized Tesla's Stock Suffers Precipitous Drop

    02/15/2016 9:56:28 AM PST · by jazusamo · 27 replies
    NLPC ^ | February 15, 2016 | Paul Chesser
    Wall Street, media and government darling Tesla Motors has seen its stock price nearly halved from seven months ago. For so long it has seemed that ongoing bad news never had an effect on the heavily subsidized upstart, but now perhaps the Teflon is eroding off CEO Elon Musk. The precipitous, rapid descent preceded last week's horrid earnings report. USA Today helped smear lipstick on the pig, cheerily noting shares rose "14 percent at one point" after its earnings "miss" on Wednesday, because Musk delivered investors a "rosy outlook for the rest of 2016." This was in context of...
  • How Cruz Crushed Ethanol - "Hot d*mn!" a gentleman shouted from the back of the room.

    02/03/2016 11:23:25 PM PST · by Cincinatus' Wife · 95 replies
    February 3, 2016 | Eliana Johnson & Brendan Bordelon
    "There's an Iowa way of doing this, and the rest of the candidates did it the Iowa way," Majda Sarkic, a spokeswoman for the pro-ethanol group America's Renewable Future, told National Review days before the Iowa caucuses. All of the candidates except Ted Cruz, that is. In a highly unusual move for a man who sought, and ultimately won, the support of Iowa caucus-goers, Cruz didn't court, kowtow to, or bow down before King Corn. From the time they arrived in the Senate eyeing a presidential run three years ago, he and his advisers have known that his opposition to...
  • Here’s How Anti-Ethanol Cruz Beat Trump In Corn Country

    02/02/2016 8:47:21 AM PST · by justlittleoleme · 42 replies
    The Daily Caller ^ | 02/01/2016 | Michael Bastasch
    Republican Sen. Ted Cruz managed to snag Iowa’s heaviest corn-producing counties despite his opposition to federal mandates and subsidies for ethanol. Does this mean King Corn’s days are numbered in the Hawkeye State? Cruz snatched victory from challenger business mogul Donald Trump Monday night, but what’s most interesting is Iowa counties that grow the most corn supported the Texas senator despite his opposition to ethanol subsidies — ethanol is mostly made from corn.-snip-Trump also jumped on Cruz for his opposition to ethanol, warning Iowans Cruz would “destroy” the industry if he wins Monday night’s caucus.“He will destroy your ethanol business...
  • Iowa Voter Confronts Cruz on Farm Subsidies

    01/31/2016 11:19:49 AM PST · by justlittleoleme · 85 replies
    NBC News ^ | Sun, Jan 31
    Republican presidential candidate Ted Cruz explains why he opposes farm subsidies as well as biofuel mandates.
  • Obamacare enrollment projections down nearly 40 percent

    01/25/2016 2:37:40 PM PST · by PROCON · 29 replies
    washingtontimes ^ | Jan. 25, 2016 | Stephen Dinan
    Obamacare enrollment is lagging far behind what economists had projected, the Congressional Budget Office said in a new report that cuts the total number of customers expected to buy plans on the exchanges from 21 million down to just 13 million this year. Of those, 11 million will be getting government subsidies - down from the 15 million the CBO had projected just a year ago. The updated projections came as part of the CBO's 2016 budget outlook, and confirm the administration's own dim estimates of how many people would take advantage of the health exchanges, which are at the...
  • Branstad’s Ethanol Attack on Cruz: Will Iowans Choose Politics or Principle?

    01/21/2016 11:57:58 AM PST · by Cincinatus' Wife · 42 replies
    The National Review ^ | January 21, 2016 | Jeremy Carl
    Cruz tries for a respectable showing in Iowa with Trump and the governor against him There are few things that energy-policy experts of all political stripes can agree on - but one of them is that mandates and subsidies to promote the use of corn ethanol (a policy first implemented by Jimmy Carter) are wasteful boondoggles that harm our environment and food supply while imposing billions of dollars of hidden costs on consumers. However, most energy-policy experts are not running for president in the Iowa caucuses. Ted Cruz, however, is running in the Iowa caucuses, and this week he found...
  • Trump's Support for Ethanol Is Bad for Taxpayers and Their Cars

    01/21/2016 2:17:48 AM PST · by Cincinatus' Wife · 294 replies
    The National Review ^ | January 21, 2016 | Jillian Kay Melchior
    One of the most destructive environmental subsidies in the United States has found an enthusiastic supporter in Donald Trump. "The EPA should ensure that biofuel ... blend levels match the statutory level set by Congress," he said yesterday in Iowa, adding that he was "there with you 100 percent" on continuing federal support for ethanol. "You're going to get a really fair shake from me." The ethanol lobby has rigorously courted Trump since April, arranging to speak at least weekly, including at least three in-person meetings, in addition to an ethanol-plant tour, the Wall Street Journal reports. Trump's support for...
  • Donald Trump Turns to Ethanol to Fuel Fight With Ted Cruz

    01/20/2016 4:09:11 AM PST · by Cincinatus' Wife · 160 replies
    Wall Street Journal ^ | January 20, 2016 | Amy Harder and Beth Reinhard
    "...Corn has long been king in Iowa, the nation's top corn-producing state, implanting in Iowa voters a sentiment that every candidate must cheer Washington's backing for ethanol. Since 2011, though, that universal backing has been eroding. Congress decided at the end of 2011 not to renew a tax credit that cost the government $6 billion a year. Critics of the government’s ethanol policy then set their targets on the ethanol mandate, which requires refineries to blend an increasing amount of biofuels into the U.S. gasoline supply each year. At the ethanol summit Tuesday, Mr. Trump also read a prepared statement...
  • Trump calls for higher ethanol mandate

    01/19/2016 12:47:48 PM PST · by Nervous Tick · 359 replies
    The Hill ^ | 1/19/2016 | Timothy Kama
    Donald Trump said Tuesday that federal regulators should increase the amount of ethanol blended into the nation’s gasoline supply. Speaking at an event hosted by the Iowa Renewable Fuels Association, Trump, a real estate mogul and the front-runner for the Republican presidential nomination, said the Environmental Protection Agency (EPA) ought to follow the ethanol volumes Congress set in 2007. “The EPA should ensure that biofuel ... blend levels match the statutory level set by Congress under the [renewable fuel standard],” Trump said. The mandate is popular in Iowa, which hosts the nation's first caucuses.
  • Iowa Gov. Terry Branstad: Cruz must be defeated

    01/19/2016 11:03:16 AM PST · by GIdget2004 · 150 replies
    Politico ^ | 01/19/2016 | Eliza Collins
    Iowa Gov. Terry Branstad would like to see Ted Cruz defeated, he said on Tuesday. The Iowa governor, whose powerful network of supporters is a prized political commodity, was speaking to reporters at the Iowa Renewable Fuels Summit. Branstad's son Eric is leading efforts to portray the Texas senator as hostile to ethanol, a narrative Cruz has been trying to stifle in recent weeks. Asked if he'd like the Texas senator to lose, Governor Branstad said, "Yes." "I think it would be very damaging to our state," he continued, according to Iowa's Channel 13 news. "I believe it would be...
  • [Ted Cruz] Refusing to Kiss King Corn's Ring in Iowa

    01/18/2016 12:43:04 AM PST · by Cincinatus' Wife · 34 replies
    The National Review ^ | January 17, 2016 | John Fund
    For more than 30 years, Iowa's obsession with its ethanol fuel industry has played an outsize role in its presidential caucuses. The winner of every caucus in both parties during that period has strongly backed federal subsidies or mandates for the corn-grown fuel. That winning streak could end this year if Senator Ted Cruz takes Iowa. Polls currently show him with a narrow lead. In 2008, Fred Thompson told me he didn't see merit in subsidizing one fuel over another, but in Iowa's GOP caucus that year "opposing ethanol was like pushing against a mountain." Hillary Clinton voted against ethanol...
  • The Corn Lobby Goes All Out to Keep its (Taxpayer Funded) Goodies

    01/08/2016 1:57:40 PM PST · by Isara · 20 replies
    The Resurgent ^ | January 8, 2016 | Ken Cuccinelli
    “If any candidate you're considering won't go to Iowa and tell Iowans that Big Corn's special status needs to end, why do you think he or she will go to Washington and tell the other ten thousand special interest groups that their special goodies need to come to an end?”Are you completely, totally, thoroughly repulsed, disgusted, furious, mortified, mystified, and aghast at how special interests seem to control Washington while ordinary Americans like you and I pay for their goodies on a seemingly endless basis? To paraphrase the late, great Jerry Reed – they get the goldmine and we get...
  • The Iowa Corn Lobby is Following Ted Cruz Around Like a Bunch of Spoiled Children

    01/04/2016 12:40:02 PM PST · by Isara · 60 replies
    Red State ^ | January 4th, 2016 | Leon H. Wolf
    Conventional wisdom says that you cannot win Iowa without kissing the pinky ring of the Iowa corn lobby and pledging your fealty to the Renewable Fuel Standard (RFS), the anti-science policy which is bad for the environment, fuel mileage, and America at large. Iowa’s traditional role as the first Presidential contest for both parties basically ensures that anyone with even a whiff of Presidential ambition has largely taken a pass at criticizing a policy which is a bad idea for everyone except an extremely well-connected group of corn farmer lobbyists.Ted Cruz has been challenging all that with his current Presidential...
  • Obama's proposed high-speed rail network stuck in station

    12/20/2015 2:12:48 PM PST · by jazusamo · 29 replies
    The Hill ^ | December 20, 2015 | Keith Laing
    President Obama is entering his final year in office with one of his most ambitious first term promises -- a nationwide network of high speed railways -- largely unfilled. Obama spoke frequently in his first term about developing the network. He imagined a U.S. rail system that would rival the interstate highway system, citing similar train systems in European countries that are widely popular. Obama included $8 billion in his 2009 economic stimulus package to jump start the high-speed rail program in the U.S. But seven years later, Obama has little to show for the effort. His stimulus offer was...
  • Limbaugh, Levin Weigh In On Trump's Flawed Ethanol Stance

    12/19/2015 7:49:48 AM PST · by conservativejoy · 51 replies
    Hot Air ^ | 12/15/2015 | Jazz Shaw
    Last week I brought up the sticky question of how King Corn was investing big dollars in going after Ted Cruz over his rejection of government subsidies for ethanol and the Renewable Fuel Standard and the fact that Donald Trump had taken a very different position on the subject. In fact, he not only seemed to come out in favor of ethanol subsidies, but used that as a line of attack against Ted Cruz. (One of the only candidates to consistently be on the right, conservative side of this question.) Well, I wasn't the only one to notice this. Two...
  • Iowa voters have given up on ethanol; presidential candidates are following suit

    12/17/2015 11:43:19 PM PST · by 2ndDivisionVet · 15 replies
    The Los Angeles Times ^ | December 17, 2015 | Evan Halper
    The fortunes of the wonder fuel that promised to help clean the environment, secure America and save small family farms have steadily dwindled as environmentalists, food advocates and auto enthusiasts sour on its promise. Now that fuel, corn-based ethanol, finds itself threatened with a defection that was once unthinkable: Iowa voters. The electorate here in the early voting state often defined by its vast expanses of corn has long demanded that candidates pledge allegiance to government production mandates for millions of gallons of ethanol, the homegrown product. But as the 2016 White House hopefuls traverse the state, they are seeing...
  • In surprise move, Congress extends renewable energy tax credit [anyone surprised?]

    12/18/2015 9:19:16 AM PST · by o_1_2_3__ · 5 replies
    Computerworld ^ | Dec 17, 2015 1:57 PM PT | By Lucas Mearian
    Just two weeks before it was set to expire, a tax credit for installing renewable energy systems, such as solar and wind power, has been extended for five years by Congress. The U.S. government's investment tax credit (ITC), which went into affect in 2006, was the main catalyst for growth of solar installations in the U.S. The ITC offers a tax credit equal to 30% of a solar or wind project's costs.
  • Chevy Volt 'Father' Bob Lutz Changes Tune on Electric Vehicles

    12/14/2015 10:49:04 AM PST · by jazusamo · 32 replies
    NLPC ^ | December 14, 2015 | Mark Modica
    When Bob Lutz speaks, automotive journalists listen. Well, at least they usually do. When a recent Automotive News roundtable discussion showed Lutz blasting General Motors' Chevy Bolt (and electric vehicles like it), mainstream journalists failed to pick up on the story. Lutz was right on the money when he exposed the EV folly, which is costing automakers billions of dollars and driving up prices of conventional, gas-powered vehicles. Bob Lutz certainly has credibility in the automotive world. As an ex-GM executive he was known as the father of the Chevy Volt, a taxpayer-subsidized vehicle that I have had plenty...
  • Cruz for President Campaign Asks Radio Stations to Pull False Attack Ads Running in Iowa

    12/01/2015 4:44:21 PM PST · by Isara · 45 replies
    TedCruz.org ^ | 12/01/15
    Ad Makes Bogus Claim About Cruz Support for Oil SubsidiesHOUSTON, Texas - The Cruz for President Campaign today sent a letter to Iowa radio stations requesting they stop running a false ad placed by America's Renewable Future, a lobbyist group that wants to keep taxpayer subsidies going to the ethanol industry.The ad falsely claims, "Politicians like Ted Cruz support subsidies for Big Oil, but want to end support for ethanol.""It is blatantly false to suggest that Sen. Cruz wants to end the Renewable Fuel Standard while maintaining subsidies for oil," Cruz spokesman Rick Tyler said. "Cruz has repeatedly stated that...
  • Do Not Assume Economic Development Spending is Effective

    11/23/2015 1:29:51 PM PST · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 11/22/2015 | James Hohman
    In The Detroit News, business columnist Dan Howes cites a real estate developer in arguing for more spending on state economic development: “It’s not competitive,” says Albert Berriz, CEO of McKinley Inc., an Ann Arbor-based real estate investor with a $4.6 billion portfolio spanning 33 states. “It’s a nuclear arms race, and everyone wants to put you out of business. We need to talk less and win more.” The problem is that economic development spending is an ineffective way to grow the economy. Taking money from taxpayers to spend on the programs has an economic effect as well. Numerous studies...
  • Ethanol loses its few friends: Even Dr. Ben Carson has backed away from subsidies and mandates

    11/21/2015 1:54:16 PM PST · by george76 · 50 replies
    CFACT ^ | November 17, 2015 | Marita Noon
    in a major policy reversal, Carson .. no longer supports subsidies for any industry, including U.S. ethanol producers ... Plainly irritated, the ethanol industry shot back immediately, saying it receives no government subsidies. But it neglected to mention a very important fact. Instead of subsidies, ethanol producers get something better: a mandate that orders refiners to blend ethanol into motor fuels which forces consumers to buy their product. A federally guaranteed market beats a subsidy every time. The ethanol industry also benefits indirectly from agriculture programs that support farmers who grow corn for ethanol ... In attempt to push more...
  • Food sovereignty

    09/05/2015 10:59:16 AM PDT · by Lorianne · 18 replies
    Beppe Grillo Blog ^ | 05 September 2015 | Beppe Grillo
    Does Italy still exist, or is it, as Metternich puts it, a geographic expression? By joining the Euro, it lost its monetary sovereignty. It lost its territorial sovereignty after its defeat in the second world war with occupation by the Americans who have never left since then. It lost its military sovereignty as it is now reduced to taking orders from the USA and organising pretend peace missions in Afghanistan and in Iraq, and bombing Libya (thanks also to grandpa Napolitano)/ The fall of Gaddafi is the cause of the immigration of biblical proportions - from that country that no...
  • Tesla Mounts A Self-Serving Push For Tougher Fuel Economy Standards

    08/07/2015 5:31:52 PM PDT · by jazusamo · 33 replies
    Investors.com ^ | August 7, 2015 | IBD Editorial
    Crony Capitalism: Not content with the billions it gets in government help, Tesla Motors now wants tougher fuel economy standards that would cripple its competitors. Is this what passes for entrepreneurship today? In 2012, President Obama announced a new "Corporate Average Fuel Economy" standard that will require all the cars each automaker sells to get an average 54.5 miles per gallon by 2025. Given the lead time that automakers need to design and test new cars, they now have only a few years to figure out how to achieve that goal. And since there are only a couple non-plug-in cars...
  • So Long Film Subsidies

    08/04/2015 8:46:13 AM PDT · by MichCapCon · 9 replies
    Michigan Capitol Confidential ^ | 8/2/2015 | James Hohman
    The state will no longer offer new film productions taxpayer money to shoot movies in Michigan. This is an incredible development considering that film incentives passed with only one dissenting vote just seven years ago. Now that policymakers have acknowledged some limits on profligacy in the name of economic development, there are other programs that ought to be reviewed as well. A few contenders immediately come to mind. The 21st Century Jobs Fund programs have constantly changed strategies since its creation in 2005. The programs have made early-stage company grants, battery plant subsidies, matching fund grants, incubator assistance, mezzanine financing...
  • Charles Koch Urges Conservatives to Skip ‘Corporate Welfare

    08/01/2015 11:19:38 PM PDT · by Cincinatus' Wife · 31 replies
    Time ^ | August 1, 2015 | Philip Elliot
    Conservative billionaire Charles Koch told his ultra-rich friends that they face a “life and death” decision whether to keep lobbying for tax breaks and government subsidies. “Business leaders (must) recognize that their behavior is suicide, that it is suicide long term. To survive, long-term, they have to start opposing, rather than promoting, corporate welfare,” Koch told about 450 allies at an Orange County, Calif., summit that began Saturday. ....“Obviously, this prescription will not be an easy pill for many business people to swallow. Because short term, taking the principled path is going to cost some companies some profits, as it...
  • Obama poised to give financial aid to federal, state prisoners

    07/27/2015 2:13:26 PM PDT · by GIdget2004 · 30 replies
    Politico ^ | 07/27/2015 | Allie Grasgreen
    More prisoners may soon have access to federal subsidies to pay for college under a new Obama administration initiative, ending a 20-year ban on Pell grants for state and federal prisoners. The move could come as soon as this week. Education Secretary Arne Duncan and Attorney General Loretta Lynch are scheduled to visit Goucher College’s Prison Education Partnership at the Maryland Correctional Institution in Jessup on Friday, to make “an important announcement related to federal aid.” On Monday, Duncan said that restoring Pell eligibility for those potential students is one way his agency hopes to increase college affordability. “We’ll have...
  • Would Ford Leave Michigan if Not for a Handout from the State?

    07/22/2015 9:50:45 AM PDT · by MichCapCon · 20 replies
    Michigan Capitol Confidential ^ | 7/21/2015 | Jarrett Skorup
    In a recent story in MLive, the Michigan Economic Development Corporation is given credit for "retaining" 40,200 jobs in Michigan when it awarded two MEGA tax credits to the Ford Motor Company. The story reports: "… in the end the two credits were supposed to retain up to 40,200 jobs.” ForTheRecord says: At the time of the agreement in 2010, the MEDC reported that Ford had 36,720 employees in Michigan. Ford Motor Co. estimates there are 40,000 employees in Michigan currently. That means the MEDC is taking credit for retaining every job in the Ford Motor Company. Would the company...
  • Tesla, Nissan Take Financial Hits as States Remove EV Subsidies

    07/02/2015 1:19:55 PM PDT · by jazusamo · 12 replies
    NLPC ^ | July 2, 2015 | Paul Chesser
    It’s been six years sinceelectric vehiclemanufacturers enjoyed their windfall from U.S. taxpayers via the stimulus, but the thirst for subsidies, and pain from financial losses, have not waned. The pursuit of government goodiescontinues apace forTesla Motors, even more vigorously after the Los Angeles Timesreported last month that CEO Elon Musk depends on more than $4.9 billion in corporate welfare for his companies, which also include SolarCity and SpaceX. Tesla’s quest may more accurately be portrayed as preservation of the golden goose that is California’s zero-emission vehicle (ZEV) credit scheme. The Golden State requires the six largest auto manufacturers to...
  • Five lingering threats to ObamaCare

    06/30/2015 5:42:54 AM PDT · by Cincinatus' Wife · 24 replies
    The Hill ^ | June 30, 2015 | Peter Sullivan with Sarah Ferris
    The White House’s victory at the Supreme Court last week removed a major threat to ObamaCare that could have rolled back coverage for 6.4 million people. President Obama declared after the ruling that the law has “been woven into the fabric of America,” while allies said the new insurance program and its related policy changes are here to stay. But the law is hardly out of the woods. The battle of public opinion over the Affordable Care Act rages on, with Republicans expressing confidence they will ultimately prevail. Here are five remaining threats to Obama’s signature domestic program. 1.) RepealRepublicans...
  • Supreme Court’s White Lie on Obamacare

    06/29/2015 1:02:21 AM PDT · by Cincinatus' Wife · 10 replies
    The American Spectator ^ | June 28, 2015 | Debra J. Saunders
    ".............................Between a rock and a hard place, Roberts argued that Congress surely never meant to cut out subsidies in states without their own exchanges, because “it would destabilize the individual insurance market in any State with a Federal Exchange, and likely create the very ‘death spirals’ that Congress designed the Act to avoid.”I sympathize, but Roberts has to know he’s wrong. Jonathan Gruber,an MIT economist who advised the White House, explained during a 2012 speech that the federal law limited subsidies to enrollees of state exchanges in order to “squeeze” states to act. Quoth Gruber,“If you’re a state and you...
  • Supreme Court Caves on Obamacare Again

    06/25/2015 12:57:30 PM PDT · by rootin tootin · 32 replies
    American Spectator ^ | 6/25/2015 | David Catron
    The Supreme Court had an opportunity, with its ruling in King v. Burwell, to determine whether the United States is a nation of laws or of men. Today, in a 6-3 decision, the Court ruled that we have devolved into the latter. Although the text of the Patient Protection and Affordable Care Act (a.k.a. Obamacare) clearly states that the government may issue subsidies only through insurance exchanges established by the states, Obama administration bureaucrats unilaterally rewrote that part of the law so that the IRS could dispense such premium assistance through “marketplaces” created by the federal government. The plaintiffs in...
  • BREAKING: Healthcare subsidies upheld by SCOTUS

    06/25/2015 7:09:40 AM PDT · by GIdget2004 · 614 replies
    SCOTUS Blog ^ | 06/25/2015 | SCOUTSBLOG
    Six are the Chief, Kennedy, Ginsburg, Breyer, Sotomayor, and Kagan.
  • Congressional GOP plans to continue health law subsidies

    06/17/2015 9:25:30 PM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Jun 17, 2015 6:15 PM EDT | Alan Fram and Erica Werner
    Congressional Republicans will move to temporarily continue health care subsidies for millions of people if the Supreme Court overturns the aid, according to plans discussed Wednesday in the House and Senate. In addition, the GOP proposals would dissolve many of the basic requirements of President Barack Obama’s health care law, including mandates that most people buy coverage and most companies provide it to their workers, Republicans said. Eventually, they hope, the entire law would be repealed. Should the justices annul the subsidies, which are a crucial girder of the 2010 law, GOP leaders hope their plans would let them take...
  • Loss of Health Care Subsidies Would Impact South More than Anywhere Else

    06/16/2015 4:16:08 PM PDT · by Up Yours Marxists · 9 replies
    The Telegraph (Macon) ^ | June 16, 2015 21:23 UTC | Tony Pugh
    WASHINGTON — (...) The U.S. Supreme Court will soon decide whether the subsidies can continue for 6.4 million people in 34 states who use the federal insurance marketplace at HealthCare.gov. (...) More than 4.1 million people, or nearly two out of three who could lose their subsidies in the case this year, live in just 13 Southern states – Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia and West Virginia. Read more here: http://www.macon.com/2015/06/16/3799971/loss-of-health-care-subsidies.html#storylink=cpy