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Keyword: subsidies

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  • Green Energy Subsidies Pass Senate Finance Committee by Voice Vote

    04/06/2014 9:59:43 PM PDT · by Pining_4_TX · 2 replies
    Breitbart ^ | 05/05/14 | Daniel Horowitz
    Senator Pat Toomey (R-PA) did propose an amendment to eliminate all of the energy subsidies within the package, but it only garnered the support of five other Republicans–Senators Burr, Enzi, Hatch, Isakson, and Roberts. Democrats voted down the amendment, along with support from GOP Senators Grassley, Crapo, Cornyn, Thune, and Portman. Ultimately, the underlying bill was adopted unanimously by voice vote. Hence, both Republicans and Democrats profess a desire to clean up the tax code and close “loopholes,” yet they can’t even let a pair of subsidies that have already expired remain at rest. For all the talk about incorrigible...
  • Consumers Get $10B In Subsidies For Health Coverage, Study Finds

    04/01/2014 1:11:49 PM PDT · by Nachum · 15 replies
    Kaiser Health News ^ | 4/1/14 | Jenny Gold
    Americans have already qualified for about $10 billion in tax credits to help them purchase private health insurance this year through the Affordable Care Act, according to a study from the Kaiser Family Foundation. (KHN is an editorially independent program of the foundation.) That’s an average of $2,890 for each of the 3.5 million people who qualified for a subsidy as of March 1 — about 83 percent of those who enrolled in an exchange plan. But four of five Americans who could qualify for a subsidy hadn’t applied for coverage by that date. And sign-up rates varied greatly by...
  • Going Green A Luxury Good For Rich At Expense Of Poor

    03/27/2014 4:54:24 PM PDT · by jazusamo · 7 replies
    Investors.com ^ | March 27, 2014 | IBD Editorial
    Saving The Planet: It used to be said that socialism was the opium of the liberal intelligentsia. But now the drug of choice for the elite is environmentalism. The dirty little secret of the modern green movement is that it's become a luxury good for the uber-rich who espouse policies — from carbon taxes to renewable energy standards to closing down coal plants — that impose high costs on poor people who can least afford to pay the green tab. A Pew Research Center poll released last week offers further confirmation of this truism. It found that only two major...
  • Electric Vehicle Battery Subsidy Failures Evident Early On

    03/27/2014 10:50:16 AM PDT · by MichCapCon · 11 replies
    Capitol Confidential ^ | 3/26/2014 | Tom Gantert
    Last week, the Detroit Free Press concluded that the massive giveaway of state tax dollars to electric vehicle battery makers failed to generate the thousands of jobs that were promised. In particular, a March 16 article noted that, "today, Michigan has only a few hundred battery workers in four plants — despite $861 million in Obama administration stimulus grants and $543 million in Michigan tax credits awarded by former Gov. Jennifer Granholm’s administration in 2009." Readers of Michigan Capitol Confidential are not surprised by this news given that the failures of the electric vehicle battery industry in Michigan have been...
  • Are ObamaCare's Tax Credits Harmless? The Little Understood Dark Side Of The Subsidies

    03/20/2014 7:57:08 AM PDT · by Mechanicos · 17 replies
    Forbes ^ | 3/17/2014 | Josh Archambault
    ... The credits can only be used in a government-sanctioned ObamaCare exchange. .... The ACA’s tax credits are given directly to the insurance companies, and are calculated on a sliding scale, based on family size, and in theory, to those making between 138% and 400% of the federal poverty level (FPL) in states that have expanded Medicaid eligibility. In states that have not expanded Medicaid, the tax credits are available to those making between 100% and 138% FPL. ... All citizens that take the credit must file a tax return to receive the credits regardless of their income. ... However,...
  • Obama Admin Announces 'Retroactive' Obamacare Subsidies

    02/28/2014 1:24:34 PM PST · by Nachum · 43 replies
    Breitbart ^ | 2/28/14 | Wynton Hall
    On Thursday, the Obama administration quietly announced it will allow consumers in states with busted Obamacare websites to retroactively bag taxpayer-funded insurance subsidies, even if they purchased health insurance outside the Obamacare marketplace. The move by the Obama administration will help Democratic candidates facing voters irate over Obamacare by now retroactively cutting checks to citizens in states with broken Obamacare websites. As CBS News reports, "Those who stand to benefit the most are Democratic governors who plunged ahead and ran into problems" because "Republican governors basically defaulted to federal control of online sign-ups in their states." Democratic Oregon Gov. John...
  • Obama orders up new mileage standards for big rigs

    02/18/2014 10:32:02 AM PST · by jazusamo · 120 replies
    The Washington Times ^ | February 18, 2014 | Ben Wolfgang
    Linking increased fuel economy to the larger issue of economic growth, President Obama on Tuesday directed his administration to write new rules to improve mileage for the nation’s big-rig trucks. Mr. Obama made the announcement during a speech at a suburban Maryland Safeway distribution center and cast it as the latest move in his so-called “year of action,” a time he’ll act without Congress wherever possible. “Improving gas mileage for these trucks is going to drive down our oil imports even further,” Mr. Obama said. “That reduces carbon pollution even more, cuts down on businesses’ fuel costs, which should pay...
  • The Unsurprising Success of Subsidy

    02/16/2014 12:37:26 PM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 16, 2014 | Paul Jacob
    “Moving on from unfulfilling jobs, thanks to health-care law,” was the gleeful headline across the story spoon-fed to the Washington Post by Families USA, a pro-Obamacare group that maintains a “database of people who have benefitted” from the so-called Affordable Care Act. No doubt, that’s a pretty easy list to maintain. One person on the list is Polly Lower of Bourbon, Indiana. She quit her job and says, “It was wonderful.” Lower didn’t want the job anymore, because she went from “doing payroll, which she liked, to working on her boss’s schedule, which she loathed.” Oh, the humanity! Take this...
  • Labor union officials say Obama betrayed them in health-care rollout

    02/01/2014 2:03:41 PM PST · by Second Amendment First · 33 replies
    Washington Post ^ | January 31, 2014 | Steven Mufson and Tom Hamburger
    Labor leaders who have spent months lobbying unsuccessfully for special protections under the Affordable Care Act warned this week that the White House’s continued refusal to help is dampening union support for Democratic candidates in this year’s midterm elections. Leaders of two major unions, including the first to endorse Obama in 2008, said they have been betrayed by an administration that wooed their support for the 2009 legislation with promises to later address the peculiar needs of union-negotiated insurance plans that cover millions of workers. Their complaints reflect a broad sense of disappointment among many labor leaders, who say the...
  • Labor union officials say Obama betrayed them in health-care rollout

    02/01/2014 2:26:02 PM PST · by Innovative · 27 replies
    Washington Post ^ | Jan 31, 2014 | Steven Mufson and Tom Hamburger
    Labor leaders who have spent months lobbying unsuccessfully for special protections under the Affordable Care Act warned this week that the White House’s continued refusal to help is dampening union support for Democratic candidates in this year’s midterm elections.
  • Labor union officials Obama betrayed health-care rollout

    02/01/2014 10:15:56 AM PST · by Kid Shelleen · 13 replies
    Washington Post ^ | 01/31/2014 | Steven Mufson and Tom Hamburger,
    Labor leaders who have spent months lobbying unsuccessfully for special protections under the Affordable Care Act warned this week that the White House’s continued refusal to help is dampening union support for Democratic candidates in this year’s midterm elections. Leaders of two major unions, including the first to endorse Obama in 2008, said they have been betrayed by an administration that wooed their support for the 2009 legislation with promises to later address the peculiar needs of union-negotiated insurance plans that cover millions of workers. Their complaints reflect a broad sense of disappointment among many labor leaders, who say the...
  • Islamic group once tied to terror trial received thousands in farm subsidies, without...

    02/01/2014 5:27:22 AM PST · by Libloather · 18 replies
    Fox News ^ | 2/01/14 | Emily Walker
    **SNIP** The subsidies to the North American Islamic Trust are just a slice of the questionable payments that, as has been well documented, go to millionaires and non-farmers every year. But as Congress moves to rein in the program, these subsidies stand out considering the group's involvement in the Holy Land Foundation case of 2008. During the trial, the group's farm subsidies stopped, only to be reinstated after a federal judge cleared them. Records show that since 1998, the North American Islamic Trust has received over $10,000 across 34 separate taxpayer-funded programs. NAIT's two relatively small land plots are tax-zoned...
  • Popular Flood Insurance Law Is Target of Both Political Parties

    01/29/2014 2:19:34 PM PST · by Theoria · 11 replies
    The New York Times ^ | 28 Jan 2014 | CORAL DAVENPORT
    A major flood insurance bill was a rarity when it passed what is widely derided as a do-nothing Congress in 2012, but a year and a half later, there is now an enthusiastic bipartisan effort to gut it. This week the Senate is expected to approve a measure that would block, repeal or delay many of the key provisions of the Biggert-Waters Flood Insurance Reform Act, which was sponsored by Representative Judy Biggert, an Illinois Republican, and Representative Maxine Waters, a California Democrat. Tucked into broader transportation legislation, the bill had enthusiastic support across the political spectrum, from liberal environmentalists...
  • Lawmakers won’t have to disclose the farm subsidies they receive

    01/29/2014 1:10:40 PM PST · by jazusamo · 10 replies
    The Hill ^ | January 29, 2014 | Erik Wasson
    A provision requiring members of Congress and the administration to disclose what crop insurance subsidies they receive was quietly dropped from the farm bill that the House passed on Wednesday. Section 11001 of the House-passed farm bill had a provision that “requires disclosure (by name) of the amount of crop insurance assistance received by Members of Congress, Cabinet Secretaries, and members of their immediate families.” That provision was taken out in closed-door conference negotiations before the bill was released on Monday. The bill cleared the House in less than 72 hours, before many lawmakers had a chance to review it,...
  • Little Disclosure on Business Subsidies

    01/29/2014 1:02:32 PM PST · by MichCapCon · 2 replies
    Capitol Confidential ^ | 1/23/2014 | James Hohman
    Last week, Eric Mosher of PIRGIM and I published a piece about how the state can increase transparency at the Michigan Economic Development Corp. Legislative discussions about how to spend the projected state budget surplus show just how necessary it is to implement our recommendations. Much of the surplus is due to the timing of substantial refundable tax credits to specific companies, yet Michigan residents cannot be told who is being paid this taxpayer money or what the state is getting in return. The state has made a number of economic development deals that were administered through the old Michigan...
  • GOP Abandons Principle With Subsidy-Filled Farm Bill

    01/28/2014 4:27:52 PM PST · by jazusamo · 29 replies
    Investors.com ^ | January 28, 2014 | IBD Editorial
    Subsidies: Former Indiana congressman (and now state governor) Mike Pence used to quip that he was 99% capitalist but 1% socialist, and that turns socialist "when it comes time to vote on a farm bill." At least he was honest. Just what is it about farm bills that make Republicans abandon their principles of limited government and fiscal restraint? The sad answer: Farm bills are classic examples of Republican pork delivered to their own voters. The $1 trillion bill that will be voted on this week is another big pail of slop. It includes subsidies for corn, cotton, wool, sugar,...
  • In the Midwest, farmers leading the way on solar power

    01/27/2014 3:23:15 PM PST · by TurboZamboni · 13 replies
    midwestenergynews ^ | 1-27-14 | Karen Uhlenhuth
    Solar installations have been taking off in many areas of the Midwest, but perhaps nowhere more so than in farm country. “It’s a huge buzz now throughout the agriculture industry,” said Todd Miller, sales director for CB Solar in Ankeny, Iowa. In Washington County, Iowa, for example, farmers with access to an unusual and lucrative combination of federal, state and utility incentives were anticipating payback periods of as little as two years, according to Ed Raber, director of the county’s economic development corporation. In Washington County, Iowa, for example, farmers with access to an unusual and lucrative combination of federal,...
  • Record Profits for Warner Bros. Doesn't Stop State From Giving Company Huge Subsidy

    01/15/2014 6:33:54 AM PST · by MichCapCon · 10 replies
    Capitol Confidential ^ | 1/12/2014 | Tom Gantert
    While Michigan taxpayers prepare to dole out $35 million to Warner Bros. for the filming of the expected blockbuster Superman-Batman movie sometime early in 2014, the company could be in for record profits. In 2012, Warner Bros. had an operating income — profits that exclude interest and income tax expenses — of $1.2 billion, according to The Hollywood Reporter. That's about the same amount the state of Michigan gives in general fund dollars to higher education and community colleges. Warner Bros. is projected to spend $131 million in Michigan while filming the Superman-Batman movie, according to the Michigan Film Office....
  • Chevy Volt Electric Range Drops to 20 Miles in Cold

    01/03/2014 9:55:59 AM PST · by jazusamo · 49 replies
    NLPC ^ | January 1, 2014 | Mark Modica
    A recent study by fleetcarma.com unveils yet another drawback of General Motors' much-hyped Chevy Volt. It appears that the environmentally-conscientious, affluent owners of the vehicles who drive in cold weather will get about half of the electric range, on average, of those who drive in warmer climates. Fleetcarma charted real-world data displaying an average electric range of approximately 20 miles for Volts driven during temperatures of about 25 degrees Fahrenheit. The owners of President Obama's favorite car who were under the impression that they would be helping Mother Earth by saving less than one gallon of gas a day at...
  • The Solar Swindle

    12/30/2013 9:00:06 AM PST · by jazusamo · 14 replies
    American Thinker ^ | December 30, 2013 | Norman Rogers
    Solar electricity is growing, promoted, and most importantly, heavily subsidized. The promoters of solar electricity claim that it is close to being competitive with conventional sources of electricity. That is a fantasy. Solar electricity is expensive and impractical. If it weren't for government subsidies, some explicit and some disguised, the solar industry would collapse. The many claims of competitiveness are always based on ignoring subsidies provided to politically correct renewable power, ignoring the costs associated with unreliability, and ignoring the cost of backup fossil fuel plants. An example of a hidden subsidy is the California Renewable Portfolio Standard that mandates...
  • Colleges Trim Staffing Bloat - Amid Tuition Backlash, Cuts in Subsidies, Schools Target Efficiencies

    12/26/2013 1:12:53 PM PST · by abb · 12 replies
    The Wall Street Journal ^ | December 25, 2013 | Douglas Belkin
    After years of cuts in state subsidies and growing resistance to rising tuition, U.S. colleges and universities are starting to unwind decades of administrative bloat and back-office waste that helped push up costs and tuition. The State University of New York system shaved $48 million in the past two years by cutting unused software licenses and consolidating senior administrators. The University of California, Berkeley, cut $70 million since 2011 by centralizing purchasing and laying off a layer of middle managers, among other things. And the University of Kansas revamped its back-office operations to save about $5 million in 2013. One...
  • More Fires, More Subsidies for Tesla in California

    12/20/2013 9:53:42 AM PST · by jazusamo · 12 replies
    NLPC ^ | December 20, 2013 | Paul Chesser
    There’s that uncomfortable juxtaposition of words again: “Tesla” and “fire.” This time was quite an accomplishment by the electric automaker’s publicity department: they kept the Irvine, Calif. garage fire quiet for over a month. The secrecy expired on the November 15 incident when the Orange County Fire Authority attributed the incident to the EV’s re-powering set-up, according to a report obtained by Reuters. “The fire occurred as a result of an electrical failure in the charging system for an electric vehicle,” the report said, while stating the cause of the fire is unclear. “The most probable cause of this fire...
  • Nation of Islam Leader’s Home In Hyde Park Received $100,000 in Farm Subsidies ( Illinois )

    12/12/2013 5:17:53 AM PST · by george76 · 21 replies
    Gateway Pundit ^ | December 10, 2013 | Jim Hoft
    Your tax dollars at work… Millions of dollars in farm subsidies were given to city dwellers including over $100,000 to Louis Farrakhan in Hyde Park!
  • Duke Energy Fine for Bird Kills is All Show, No Substance

    12/02/2013 12:32:10 PM PST · by jazusamo · 11 replies
    NLPC ^ | December 2, 2013 | Paul Chesser
    Last week’s punishment/settlement between the Department of Justice andDuke Energy over bird deaths caused by itswindturbines gives evidence that the Obama administration needed a scapegoat, to defuse accusations that it applies a double-standard in enforcement of wildlife laws. The Friday before Thanksgiving both parties announced that Duke would pay $1 million for the deaths of more than 160 birds that are protected by the Migratory Bird Treaty Act. The incidents occurred over the last four years at two Wyoming sites operated by the utility’s Duke Energy Renewables subsidiary. “This case represents the first criminal conviction under the Migratory Bird Treaty...
  • NHTSA to Investigate Tesla Fires as Battery Facts Remain Elusive

    11/26/2013 3:20:32 PM PST · by jazusamo · 13 replies
    NLPC ^ | November 25, 2013 | Paul Chesser
    After three recent fires, Tesla Motors CEO Elon Musk said he asked the National Highway Tranportation Safety Administration to investigate its Model S. NHTSA said no he didn’t. Tesla has been saying it received the highest safety rating in the U.S., a “new combined record of 5.4 stars.” NHTSA says there’s no such thing. Musk said he expects the investigation will clear Tesla after incidents in which metal objects struck the underside where the Model S battery is located. NHTSA says we’ll see, and a decision whether there should be a recall will likely take months. Maybe a lie...
  • Obamacare Prices Bite Congressional Staffers

    11/23/2013 10:41:03 AM PST · by John Semmens · 1 replies
    Semi-News/Semi-Satire ^ | 22 Nov 2013 | John Semmens
    Even though Congressional staffers were illegally granted subsidies they aren’t qualified to receive under the Affordable Care Act regulations many are finding that the cost for health insurance is far higher than expected. “In a shock to the system, the older staff in my office have now found out their personal health insurance costs have gone up 3-4 times what they were paying before,” Minh Ta, chief of staff to Representative Gwen Moore (D-Wis) complained. “The coverage is worse. The cost is higher. This is simply unacceptable.” That the deal is even worse for members of the general public who...
  • Taxpayers Pay $176 per Gallon of Gas “Saved” by Chevy Volt

    11/22/2013 8:38:27 AM PST · by jazusamo · 21 replies
    NLPC ^ | November 22, 2013 | Mark Modica
    I have to hand it to General Motors and those Chevy Volt supporters who continue to come up with creative ways to espouse the virtues of the slow selling and heavily subsidized vehicle. They just won't give up. The latest figures being presented in political fashion utilize large numbers that, on the surface, appear impressive. When analyzed, the figures give more insight into just how much taxpayer money is being wasted on green subsidies, particularly on electric vehicles (EVs). Sound the trumpets! According to Green Car Reports, the Chevy Volt has saved 17 million gallons of gas to date. Now...
  • Solar firm linked to Obama donors could be 'next Solyndra,' top GOP Sen. warns

    11/19/2013 6:01:59 PM PST · by jazusamo · 17 replies
    Fox News ^ | November 19, 2013 | Joseph Weber
    A California-based solar company backed by several Obama supporters has been receiving millions in federal tax credits while losing $322 million since 2008, raising concerns about the company “becoming the next Solyndra.” Among SolarCity Corp.’s biggest investors is Elon Musk -- the high-profile donor and fundraiser who co-founded PayPal and whose companies SpaceX and electric-car company Tesla Motors have received at least $846 million in loans and startup money from the Obama administration. Alabama Sen. Jeff Sessions, the top Republican on the Senate Budget Committee, warned about SolarCity’s financial standing in a letter Monday to the Treasury Department. “There is...
  • Tesla to Target Rich, Environmentally Conscientious Rednecks?

    11/18/2013 8:44:30 AM PST · by jazusamo · 32 replies
    NLPC ^ | November 18, 2013 | Mark Modica
    Tesla CEO, Elon Musk, seems to have reached cult status with green ideologues, as well as with many in the media. Musk's name often goes hand in hand with descriptive monikers like "visionary" and "genius." Of course, what Musk is really a genius at is getting politicians to fund his private businesses ventures with taxpayer money so they don't have to make a profit. It might also be time to step back and ponder the genius of Musk's latest idea. It is for Tesla to compete with Ford's best selling F-series trucks by offering up an electric pickup truck....
  • CLASSIC: Young 'Conservative' David Brooks -Arguing for Fed Subsidies -Crushed by Milton Friedman

    11/18/2013 5:14:25 AM PST · by Reaganite Republican · 13 replies
    Reaganite Republican ^ | 18 November 2013 | Reaganite Republican
    Should higher-education be subsidized? Friedman: 'You have a case in which you are imposing taxes on relatively low-income people to confer very large benefits on upper-income people...' Brooks: 'I think as soon as you start offering people economic incentives to get educated -or to use the education that they get for economic means- in other words when you put a price-tag on knowledge, I think that you're gonna be... Friedman: 'What are you talking about? You mean to say that the graduates of colleges and universities don't use their capacities in a direction influenced by the money they can earn...?...
  • Obamacare Trashes Married Couples

    11/17/2013 9:05:56 AM PST · by george76 · 9 replies
    Breitbart ^ | 17 Nov 2013 | William Bigelow
    ObamaCare could cost married couples $10,000 per year. Obamacare counts a married couple’s income jointly, so their health care subsidies would be lower, while a couple living together would have their incomes counted separately, so their subsidies would be higher. The report shows married couples in general would receive between $1,500 and $10,000 less in subsidies from the government than unwed couples. Couples could do better by living together rather than marrying. Indeed, couples staying married could be losing over $200,000 if they stay married throughout their lives.
  • Obama Admin Considering 'Administrative Fix' For 'Sticker Shock'

    11/10/2013 9:06:54 AM PST · by chessplayer · 44 replies
    Sam Stein, who poses as a journalist while toiling at the Huffington Post (he lost any legitimate claim to the title when he wouldn't back away when caught red-handed pretending to know something he couldn't possibly know about John McCain's vetting or lack thereof of Sarah Palin in September 2008), wrote on Thursday (HT Hot Air) that "The Obama administration is considering a fix to the president’s health care law that would expand the universe of individuals who receive tax subsidies to help buy insurance." Of course, Stein didn't look into how much this "fix," better described as a "huge...
  • Report: White House might expand eligibility for ObamaCare subsidies

    11/08/2013 7:38:03 PM PST · by Mike Darancette · 73 replies
    The Hill ^ | 11/08/2013 | Elise Viebeck
    The White House might broaden the availability of federal discounts on healthcare coverage under ObamaCare to help consumers whose premiums are going up, according to a report. The administration is considering expanding the premium tax credits that are available to some people purchasing insurance coverage on the new exchanges, according to Huffington Post.
  • Under Care Act, Millions Eligible for Free Policies

    11/03/2013 6:52:03 PM PST · by Oldeconomybuyer · 29 replies
    New York Times ^ | November 3, 2013 | By Reed Abelson
    Millions of people could qualify for federal subsidies that will pay the entire monthly cost of some health care plans being offered in the online marketplaces set up under President Obama’s health care law, a surprising figure that has not garnered much attention, in part because the zero-premium plans come with serious trade-offs. Supporters of the Affordable Care Act say that the availability of free-premium plans — as well as inexpensive policies that cover more — shows that it is achieving its goal of making health insurance widely available. A large number of those who qualify have incomes that fall...
  • A Halloween Horror Story: Tax Carve-Outs Edition

    10/31/2013 12:38:42 PM PDT · by ThethoughtsofGreg · 4 replies
    American Legislator ^ | 10-31-13 | Will Freeland
    This frightful affair begins with a simple and mundane request from a colleague of mine who manages ALEC’s social media. He wanted to create a meme for this great image and had a seemingly simple question: what is the total value of tax carve-outs on the state and federal level? Carve-outs are the ghoulish tax preferences that allow people and companies to get special treatment from the government and avoid the tax burden that they otherwise would have had to pay given their income or spending levels and their tax rate. For all but the chosen few, carve-outs haunt those...
  • Serious New Problem Found in Obamacare Law: Only State Run Exchanges Can Offer Subsidies

    10/28/2013 3:55:45 AM PDT · by NYer · 29 replies
    Conservativerefocus ^ | October 26, 2013 | Barry Secrest
    <p>Although we've heard of many problems coming to light, this particular problem could unravel the entire ACA plan ---and it's written into the law of the land.</p> <p>Pay very close attention to this one--the law, as written, cannot be changed without Congressional approval. The Federal subsidies are the only way the coverage becomes affordable except that 36 states are not offering a state run exchange.</p>
  • IRS tax-credit scandal a bad omen for Obamacare

    10/25/2013 1:56:06 AM PDT · by Cincinatus' Wife · 11 replies
    Washington Examiner ^ | October 24, 2013 | Byron York
    Under Obamacare, the Internal Revenue Service will determine who is eligible for health insurance subsidies, and it will deliver those subsidies, in the form of tax credits, to millions of individual Americans. It's a huge job, and a critical one, involving hundreds of billions of taxpayer dollars. So it should go without saying that the subsidies go only to people who actually qualify for them. But a new scandal within the IRS casts serious doubt on whether that will happen. The scandal involves a program known as the Earned Income Tax Credit. It is an anti-poverty program in which the...
  • Rep. Rangel: ‘No Question’ Members of Congress Are Entitled to Obamacare Subsidies

    10/24/2013 7:05:47 PM PDT · by Olog-hai · 20 replies
    Cybercast News Service ^ | October 24, 2013 - 5:13 PM | James Beattie, Ali Meyer
    Rep. Charles B. Rangel (D-NY) says that there is “no question” that members of Congress who are paid $174,000 a year are entitled to taxpayer-funded subsidies when they purchase health insurance on the Obamacare exchanges. … Under Obamacare, only people whose income is below 400 percent of the federal poverty level are eligible for a federal subsidy to buy health insurance on the government exchanges. However, a recent rule made by the Office of Personnel Management allows members of Congress and their staffs to keep the taxpayer-funded “employer contribution” they currently receive under the Federal Employees Health Benefits Program (FEHBP)...
  • Jay Sekulow discusses lawsuit against ObamaCare subsidies

    10/22/2013 7:33:32 PM PDT · by sheikdetailfeather · 7 replies
    Fox News ^ | 10-22-2013 | Megyn Kelly
    Federal judge denies government request to dismiss case
  • Federal Judge: Lawsuit Against Obamacare Subsidies OK to Move Forward

    10/22/2013 5:23:27 PM PDT · by sheikdetailfeather · 2 replies
    News Max ^ | 10-22-2013 | Cathy Burke
    A federal judge Tuesday gave the go-ahead to a lawsuit challenging Obamacare insurance subsidies — but refused to immediately block them while the case proceeds. The latest legal challenge focuses on whether the controversial 2010 law allows for subsidies in all states — or only in states that have set up exchanges. Only 16 states and the District of Columbia chose to set up online marketplaces where people without private health insurance can shop for it. The federal government is running the exchanges in the remaining states. Subsidies, in the form of tax credits, are available to people with annual...
  • Federal judge set to rule on Obamacare subsidies quandary

    10/22/2013 12:35:38 AM PDT · by Cincinatus' Wife · 22 replies
    Washington Times ^ | October 21, 2013 | Tom Howell, Jr.
    A federal judge will decide Tuesday on a case that could blow a major hole through the Obamacare exchanges when he rules on whether the government can dole out tax credits to Americans whose states declined to run their own Affordable Care Act insurance markets.U.S. District Court Judge Paul L. Friedman heard oral arguments Monday and said he would rule Tuesday morning on the challenge by seven plaintiffs, who want an injunction from the rule that extends credits to all of the exchanges. He will also rule on the government’s attempt to kill the lawsuit.The 2010 law says the tax...
  • Senate Bill Verify Subsidy [will slow application process]

    10/16/2013 12:54:59 PM PDT · by 11th_VA · 2 replies
    The Insurance Industry is not happy about this:Hmmm... I've had two policies stall on the Income Verification section. It says try again in 24 hours. This was as of 1:30.
  • Debt Talks in Disarray as House Balks

    10/16/2013 12:52:18 AM PDT · by Cincinatus' Wife · 27 replies
    New York Times ^ | October 15, 2013 | JONATHAN WEISMAN
    ".......A day that was supposed to bring Washington to the edge of resolving the fiscal showdown instead seemed to bring chaos and retrenching. And a bitter fight that had begun over stripping money from the president’s signature health care law had essentially descended in the House into one over whether lawmakers and their staff members would pay the full cost of their health insurance premiums, unlike most workers at American companies, and how to restrict the administration from using flexibility to extend the debt limit beyond a fixed deadline.............."
  • Study: Wind Power Costs Taxpayers Billions of Dollars

    10/15/2013 11:32:48 AM PDT · by jazusamo · 28 replies
    Townhall.com ^ | October 15, 2013 | Katie Pavlich
    According to a new study conducted by Texas Tech University Professor Dr. Michael Giberson for the Institute for Energy Research, the government and wind lobby aren't telling taxpayers the whole truth about how much wind energy really costs. The study comes as the wind lobby is set to receive another extension on massive subsidies with little results to show for it. "As Big Wind's lobbyists fight tooth and nail to extend the wind Production Tax Credit, it is important that we look at the true costs of wind power to taxpayers and ratepayers," IER President Thomas Pyle said about...
  • Klobuchar, Grassley call for antitrust investigation of Big Oil

    10/11/2013 3:55:29 PM PDT · by TurboZamboni · 15 replies
    Ethanol Producer ^ | 8-21-13 | Erin Voegele
    Sens. Amy Klobuchar, D-Minn., and Chuck Grassley, R-Iowa, have issued a letter to the U.S. Department of Justice and Federal Trade Commission asking for an investigation of anticompetitive practices by oil companies that limit consumer access to renewable fuels, specifically higher ethanol blends.
  • Tesla Fire is About Rushing, Subsidizing Immature Technology, Not Stock Price

    10/04/2013 8:35:56 AM PDT · by jazusamo · 18 replies
    NLPC ^ | October 4, 2013 | Paul Chesser
    A fire (screen capture from Jalopnik.com) that torched a Model S from the formerly Teflon Tesla Motors on Tuesday blackened its front end, lowered its stock price, and (further) revealed a corporate arrogance not seen since Fisker Karmas were alight. But CEO Elon Musk saw to it that taxpayers werefully paid back their $465 million Department of Energy loan, so as watchdogs over the public purse we can forget all about it and just go on about our business – right? Wrong. The incident near Seattle still should be of great concern because Tesla still heavily depends on tax breaks...
  • Congress, staff required to buy gold ObamaCare plans (Video)

    10/04/2013 8:06:03 AM PDT · by yoe · 33 replies
    The Hill ^ | October 3, 2013 | Pete Kasperowicz
    Regulations issued by the Obama administration this week would require members of Congress to buy one of the top-tier insurance plans from the ObamaCare exchanges. The Chief Administrative Officer (CAO) of the House sent guidance to members of Congress this week, based on a directive from the Office of Personnel Management (OPM), that says they must choose plans from the "gold" level of insurance coverage, not "bronze" or "silver" plans. "Platinum" is the only higher level of coverage under the exchanges. "For plan year 2014, Members of Congress and designated congressional staff will choose from 112 options in the Gold...
  • Senate Shut Down Government to Save Its ObamaCare Subsidies

    10/01/2013 4:11:06 PM PDT · by Libloather · 8 replies
    Breitbart ^ | 10/01/13 | Mike Flynn
    **SNIP** The final proposal on keeping the government open from the House removed this special Congressional exemption. Members and staff would no longer receive special subsidies from the federal government to purchase health insurance. The proposal would have also suspended, for one year, penalties levied on individuals who don't have health insurance. This is similar to the waiver granted by the Obama Administration to employers earlier this year. The Senate, however, rejected both provisions. Had it opted to eliminate its own special subsidies, the government would be open today. Preserving its own platinum health insurance coverage drove the Senate to...
  • The Road Less Traveled

    10/01/2013 1:48:42 AM PDT · by Tolerance Sucks Rocks · 11 replies
    Bethesday Magazine ^ | September 2013 | Eugene L. Meyer
    Driven on the Intercounty Connector lately? No? You’re not alone. Many haven’t. The 18.8-mile highway—the first stretch of which opened two and a half years ago after great hype and amid great controversy—is the road less traveled. Traffic counts are well below early projections, and revenue from tolls—needed to pay off the bonds that were sold to build the road—is far less than originally anticipated. The initial estimated cost of $1 billion has ballooned to $2.4 billion—or as much as $4 billion if you include interest payments. Consequently, all tolls on Maryland highways, bridges and tunnels have been raised in...
  • The Renewable Fuel Standard is Another Taxpayer-Funded Bailout

    09/30/2013 5:20:41 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | September 30, 2013 | Ken Blackwell
    We’re all paying more at the pump. It’s hurting consumers and dangerous for the fragile economy. And, it’s because of a Washington handout to corn farmers and big Wall Street banks – all disguised as a measure to promote renewable energy and clean-burning fuels. The Renewable Fuel Standards (RFS) mandates an ever-increasing floor of ethanol be mixed with gasoline. The bill, which was expanded under President Obama, ensures a baseline level of demand for ethanol, distorting the market and sending the price of corn substantially higher. That’s because gasoline refiners have to purchase ethanol, regardless of the price. So, corn...