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Keyword: subsidy

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  • My Proposed Subsidy Calculations to Make Murkowski Merry

    07/24/2017 12:45:35 PM PDT · by Brian Griffin · 2 replies
    selg | 7/24/2017 | Brian Griffin
    A person's subsidy would be based on the average monthly premium amounts of the PPACA subsidy silver plans for 2013, 2014, and 2015 for a 50-year in the capital city of the person's state. The average amount would be adjusted for a person's age, CPI inflation and in most cases the effective tax rate paid on the income on the tax return which last claimed the person as an exemption. The maximum monthly subsidy amount for a US citizen shall be: silver_base_amount*age_factor*tax_rate_factor*inflation_factor*budget_factor The silver_base_amount of a state shall be the sum of the monthly premiums of each of the (second)...
  • It's a slam dunk: End federal subsidies for sports stadiums

    07/23/2017 9:56:38 AM PDT · by ptsal · 32 replies
    Washington Examiner ^ | July 23, 2017 | Erica Jedynak & John Tidwell
    [snip]Subsidizing ballparks for billionaire owners and millionaire players, however, shouldn't be part of the equation. According to the Brookings Institution, the stadium loophole has cost federal taxpayers $3.2 billion for 36 professional sports facilities since 2000. Maybe bringing together two senators from vastly different states and from widely different ideologies — U.S. Sen. James Lankford, an Oklahoma Republican, and U.S. Sen. Cory Booker, a New Jersey Democrat — will help inspire a fractious Congress to work together on a bipartisan bill to cut federal subsidies for sports stadiums. The bill would end the federal tax giveaway for municipal bonds used...
  • Bezos, Slim, and Buffett Publicly Pleading Poverty, Ask Congress for Help With Their Newspapers

    07/10/2017 5:51:32 AM PDT · by ptsal · 65 replies
    The New York Sun ^ | July 10, 2017 | Ira Stoll
    [snip]Brazen story... ordinarily trigger a front-page news story or an outraged editorial — a bunch of rich individuals asking Congress to write them a law that would give them better negotiating power against other rich individuals. [snip]Bezos, Slim, and Buffett need Congress to help them negotiate with Google.
  • THE DEMOCRATIC DIALOG<br> ODE TO THE WELFARE STATE

    07/01/2017 8:01:48 AM PDT · by V K Lee · 3 replies
    THE DEMOCRATIC DIALOG ODE TO THE WELFARE STATE a 1949 poem Father, Must I go to work? No, my lucky son. We’re living now on East Street. On dough from Washington. We’ve left it up to Uncle Sam So don’t get exercised. Nobody has to give a damn – We’ve all been subsidized. But if Sam treats us all so well And feeds us milk and honey, Please, daddy tell me what the hell He’s going to use for money. Don’t worry, bub, there’s not a hitch In this here noble plan – He simply soaks the filthy rich And...
  • Student-Debt Overhang Is Pushing Down U.S. Rates, Dudley Says

    04/05/2017 9:31:22 AM PDT · by Wally_Kalbacken · 42 replies
    Bloomberg Markets ^ | &#8206;April&#8206; &#8206;3&#8206;, &#8206;2017&#8206; | Matthew Boesler
    The rising burden of student debt is weighing on interest rates in the U.S., and it would be a “reasonable conversation” for policy makers to explore making college tuition free, Federal Reserve Bank of New York President William Dudley said. The growing pile of student debt is “obviously one headwind to economic activity” that “probably pushes in that direction of lower equilibrium real rates” because it limits households’ spending power, Dudley said Monday during a press briefing in New York.
  • ObamaCare’s insurance company bailout(Oldie but, relevant to current election)

    08/18/2016 3:36:50 PM PDT · by Vendome · 15 replies
    New York Post ^ | January 27, 2014 | Betsy McCaughey
    January 27, 2014 | http://nypost.com/2014/01/27/obamacares-insurance-company-bailout/ “...John Q Public is about to get clobbered again, thanks to a taxpayer bailout of the insurers written into the ObamaCare law. Section 1342 of the Affordable Care Act forces taxpayers to make insurers whole for most of the losses they incur selling policies on the ObamaCare exchanges through 2016. The bailout is meant to hide the full failure of the president’s signature health law until after the next presidential election.” “... insurers who opt not to participate in the exchanges can’t get bailouts and don’t get subsidies for their customers, so you won’t have...
  • Are subsidies driving dairy farmers into bankruptcy? [Germany]

    05/30/2016 8:55:16 PM PDT · by Olog-hai · 5 replies
    Deutsche Welle ^ | 29.05.2016 | Jan Walter / gro
    Many dairy farmers work long hours though their pay is dropping and a growing number of farms are going bankrupt. They have a low opinion of subsidies. […] Michael Greshake is struggling with low market prices for the dairy products put out by his farm in Velbert, in the state of North Rhine-Westphalia. His main buyer, a Dutch company, has contractually agreed to buy a set amount of milk. However, Greshake’s farm assumes the risk for overproduction. If contracted farms such as Greshake’s suddenly produce a surplus — and demand fails to grow — purchase prices sink. That is why...
  • Germany sets out major cash incentive for electric car buyers

    05/19/2016 7:27:55 AM PDT · by Olog-hai · 19 replies
    Deutsche Welle ^ | 18.05.2016 | Ben Knight
    Chancellor Angela Merkel’s cabinet agreed Wednesday to set aside some €600 million ($675 million) of taxpayers’ money to encourage people to buy electric cars — via an “environmental bonus.” The costs of the scheme will be shared with the auto industry, which is also putting up €600 million. New car-buyers stand to get a €4,000 ($4,500) subsidy if they buy a purely electric car, and €3,000 if they opt for a hybrid car, which combines a battery and a small combustion engine. Not only that, electric cars will be exempt from motor vehicle taxes for 10 years. Economy Minister Sigmar...
  • Saudi Arabia’s water minister sacked after complaints over tariffs (water crisis)

    04/29/2016 9:52:23 PM PDT · by TigerLikesRooster · 7 replies
    The National (UAE) ^ | April 24, 2016
    Saudi Arabia’s water minister sacked after complaints over tariffs April 24, 2016 Updated: April 24, 2016 07:10 PM RIYADH // Saudi Arabia’s King Salman fired the water and electricity minister following public complaints over a surge in prices less than six months after the government cut generous utility subsidies. Agriculture minister Abdel Rahman Al Fadhli will take over the water and electricity post from Abdullah Al Hasin, the official Saudi Press Agency reported on Saturday, citing a royal decree. Saudis turned to social media to express their anger after the increase in prices of water and the consumer protection association...
  • Germany to subsidize electric cars to help own auto industry

    04/27/2016 5:20:03 AM PDT · by Olog-hai · 6 replies
    Associated Press ^ | Apr. 27, 2016 5:40 AM EDT
    Germany plans to subsidize electric cars in a bid to help the country’s auto industry compete in the global market for the growingly-popular and environmentally friendly vehicles. Finance Minister Wolfgang Schäuble says starting May buyers will get €4,000 ($4,514.80) to buy an all-electric vehicle. Plug-in hybrids will receive a subsidy of up to €3,000. The cost will be shared equally by the government and industry. …
  • When Obama carried out his Solyndra scam, he broke the same law that Martha Stewart went to prison

    02/03/2016 8:22:06 AM PST · by grundle · 18 replies
    wordpress ^ | September 8, 2012 | Dan from Squirrel Hill
    When Obama carried out his Solyndra con game, he broke the same law that Martha Stewart went to prison for breaking In 2009 the Obama administration gave $535 million to Solyndra, claiming that it would create 4,000 new jobs. However, instead of creating those 4,000 new jobs, the company went bankrupt. It was later revealed that the company’s shareholders and executives had made substantial donations to Obama’s campaign, that the company had spent a large sum of money on lobbying, and that Solyndra executives had had many meetings with White House officials. It was also revealed that the Obama administration had...
  • Saudi Arabia, UAE lead GCC subsidy reform

    01/14/2016 5:19:14 AM PST · by thackney · 2 replies
    Oil & Gas Journal ^ | 01/11/2016 | OGJ editors
    Saudi Arabia and the United Arab Emirates lead the Gulf Cooperation Council in raising energy prices and cutting subsidies in response to fiscal pressures created by the slump in crude oil prices, according to Arab Petroleum Investments Corp. (APICORP), Dammam, Saudi Arabia. While welcoming the trend as "a step in the right direction, APICORP warns, in a review of reforms introduced so far, that "the path for energy-pricing reform will be long and fraught with risks." Increases in energy prices traditionally kept low by governments reduce household welfare and increase input costs of industries, the group notes. It urged governments...
  • Saudi Arabia To Increase Fuel Prices By 50 Percent

    01/05/2016 4:48:55 AM PST · by thackney · 16 replies
    South Texas News ^ | 1/3/2016 | South Texas News
    Domestic fuels have been heavily subsidized, but Riyadh has been under pressure to bring its spending under control as its budget deficit in 2015 ballooned to Riyal 367 billion due to lower revenue from crude exports. Jadwa estimated the cost of energy subsidies at USD 61 billion this year, of which diesel accounted for USD 23 billion and gasoline for USD 9.5 billion. The deficits represent a sharp turnaround from just a few years ago, before oil prices tumbled in mid-2014. Riyadh maintained high spending this year, and launched a military intervention against Iran-backed rebels in Yemen, by tapping into...
  • Ted Cruz Finds Support for His Opposition to Corn Subsidies

    12/30/2015 9:09:11 AM PST · by Isara · 42 replies
    New York Times ^ | December 30, 2015 | Trip Gabriel
    ...Senator Ted Cruz, already under attack in Iowa for opposing government support for ethanol, has won the support of an out-of-state conservative leader, Ken Cuccinelli II, who on Tuesday aimed an unusually blistering attack on "Big Corn"......"The Governor of Iowa is a Big Corn cheerleader, and his son is running a super PAC hitting Cruz for not bowing to worship Big Corn..." wrote Mr. Cucinelli, the former attorney general of Virginia.He described an agricultural forum in Iowa early in the year attended by presidential hopefuls as a "Big corn kiss up confab."Mr. Cruz is leading Iowa polls of likely Republican...
  • The hard truths about renewable energy and subsidies

    12/16/2015 5:43:04 AM PST · by thackney · 9 replies
    The Hill ^ | December 15, 2015 | Ryan M. Yonk and Jordan Lofthouse
    In a recent Washington Post article, author Griff Witte laments how the British government has cut renewable energy subsidies. This policy change has alarmed some across the world because of climate change fears. Britain is not, however, casting away a bright future of renewables; it is facing harsh realities. British policymakers have cut subsidies because, frankly, they have realized that some renewable energy sources are not reliable, and the costs to make them more reliable are astronomical. One of the problems with some renewables is that they don't produce consistent baseload power like fossil fuels. Wind and solar power, two...
  • How Green Energy Really Works

    11/30/2015 1:42:42 PM PST · by Lorianne · 11 replies
    Zero Hedge | 28 November 2015 | Tyler Durden
    After this week's vaporization of $29 billion of liabilities ($230 million of which was owed to the US Taxpayer) amid Abengoa's bankruptcy (Spain's 'Solyndra'), we thought it worth reminding the world's greater fools just how "green" energy works... As Pater Tenebrarum noted, oh so eloquently, Businesses that cannot possibly survive without subsidies are ipso facto not economically viable. In spite of all the high-minded pronouncements about the “need to save the planet” and how this valiant effort can allegedly be “combined with economic growth”, their existence serves primarily one function: to distribute money looted from taxpayers and consumers to assorted...
  • Why rooftop solar advocates are upset about California's clean-energy law

    11/30/2015 9:29:04 AM PST · by BenLurkin · 15 replies
    L A Times ^ | ivan penn
    California's aggressive push to increase renewable energy production comes with a catch for people with solar panels on the roof: You don't count. If a home or business has a rooftop solar system, most of the wattage isn't included in the ambitious requirement to generate half of the state's electricity from renewable sources such as solar and wind by 2030, part of legislation signed in October by Gov. Jerry Brown. That means rooftop solar owners are missing out on a potentially lucrative subsidy that is paid to utilities and developers of big power projects. It also means that utility ratepayers...
  • Donald Trump hated wind farms — until an Iowa voter asked

    11/20/2015 8:29:49 AM PST · by thackney · 130 replies
    Washington Post ^ | November 19, 2015 | Philip Bump
    Patricia Scalabrini, whose husband works for a local wind turbine manufacturer, wanted to know if Trump supports subsidies for the industry. The company that employs her husband, TPI, moved into a factory that was abandoned when Maytag moved its operations to Mexico. TPI employs about 800 people in Newton. It is helped by subsidies, in the form of the "production tax credit," which gives energy producers tax breaks based on how many kilowatt-hours of electricity they generate using renewable methods. The PTC has been continually renewed for short periods, meaning that it often becomes a political bargaining chip. It is...
  • Without Government Backing, Solar Power Can’t Compete

    11/19/2015 8:58:46 AM PST · by rktman · 27 replies
    dailycaller.com ^ | 11/19/2015 | Steve Birr
    The government is going to pull the plug on the solar industry’s key tax credit as evidence mounts that the often touted renewable source cannot compete with traditional energy. “Solar power’s value as a grid resource is limited because we simply can’t count on it to meet peak demand in the evenings,” Travis Fischer, economist at the Institute for Energy Research, told The Daily Caller News Foundation. “In fact, solar power could cause major problems if implemented on a wide scale due to its daytime-only production profile.” Solar power has been on the rise in the U.S. and is often...
  • Group grades candidates on support for ethanol program

    11/13/2015 1:00:19 PM PST · by cripplecreek · 23 replies
    WCFCourier.com ^ | 11/10/2015 | Erin Murphy
    DES MOINES | Voters who wish to pick a presidential candidate and at the same time support a federal renewable fuel program that benefits Iowa corn growers have at least nine options, according to an advocacy group’s new report. America’s Renewable Future, an Iowa advocacy group that promotes the federal rule that mandates a certain amount of corn-based ethanol be placed in the nation’s fuel supply, on Tuesday issued a midterm report card on the 2016 presidential candidates. Nine candidates — six Republicans and all three Democrats — earned the report’s top grade for their expressed support for the federal...