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Keyword: subsidy

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  • Obama announces new Midwest manufacturing hubs

    02/25/2014 12:54:17 PM PST · by Olog-hai · 37 replies
    Associated Press ^ | Feb. 25, 2014 3:41 PM EST | Nedra Pickler
    President Barack Obama is announcing the creation of two Pentagon-led institutes, using public and private resources, to boost advanced manufacturing, help create jobs and perhaps build the next “Iron Man.” One center will be in Obama’s hometown of Chicago, concentrating on high-tech digital manufacturing and design. The other will be located in Canton, Mich., near Detroit, and specialize in light metal manufacturing. …
  • For Venezuela, the magic land of cheap gas, a big hike

    02/01/2014 1:46:22 PM PST · by smokingfrog · 10 replies
    Washington Post ^ | 1-19-14 | Nick Miroff
    CARACAS, Venezuela — Gasoline is so dirt-cheap in this country that the comparison undervalues dirt. Or, for that matter, almost any other element Venezuelan drivers can think of. “It’s cheaper than water,” said one motorist, pointing out that bottled water costs far more than the 95-octane gasoline gushing into his Ford Explorer. “Cheaper than air,” said the driver of a Chevy Tahoe, after paying more to fill a tire than the tank. “The cheapest in the world,” a third SUV owner boasted. “We could wash our hands with it.” And why not? Venezuela sits atop the world’s largest oil reserves,...
  • Other voices: Let the wind subsidy blow away

    01/08/2014 5:58:03 PM PST · by TurboZamboni · 11 replies
    Pioneer Press/Chicago Trib ^ | 1-8-14 | Editors
    In the early 1990s, with dreams of cheap and clean wind energy ascendant, Congress lavished a generous subsidy on power from the tall, twirling turbines. The wind industry responded, and since then has increased its installed generating capacity 30-fold. For 20-plus years the subsidy has been intermittent, although not as unreliable as the winds that drive the turbines. The most recent authorization, a 2013 extension tucked into the federal budget deal that avoided the so-called fiscal cliff, expired Dec. 31. Applause, please, for our do-little Congress: What's known as the wind production tax credit has long outlived any public policy...
  • Next Big Obamacare Shock May Come at Tax Time

    12/28/2013 6:03:32 PM PST · by afraidfortherepublic · 34 replies
    Newsmax ^ | 12-28-13 | Sandy Fitzgerald
    People who use subsidies to help pay for their Obamacare policies may get a nasty shock at tax time, when the Internal Revenue Service could hit them with a big demand to repay the money. While it's in the law, it's still likely to make plenty of Obamacare subscribers angry at the IRS. "If I were the IRS, I would be very concerned that I’m going to be viewed as the villain when people have to pay back money the government gave them for health insurance,” says Chris Condeluci, who served as Senate Finance Committee GOP tax counsel when Obamacare...
  • Venezuela’s Gasoline Prices May Rise to $1.60 a Gallon, From 5 Cents

    12/24/2013 12:23:36 PM PST · by nascarnation · 30 replies
    The Truth About Cars ^ | 12/24/2013 | TTAC Staff
    As Venezuela faces an economic crisis that is depleting government coffers, President Nicolas Maduro is threatening to end something many citizens of that oil producing country consider to be their patrimony, incredibly cheap gasoline, the equivalent of 5 U.S. cents per gallon. That price hasn’t changed in almost two decades. In 1989 the price of gasoline was raised, prompting deadly rioting that went on for days and killed over 300 people. To keep the retail price that low, the government subsidizes gasoline to the tune of more than $12.5 billion a year. The result is that Venezuelans aren’t interested in...
  • Harry Reid Net Worth

    12/19/2013 4:22:49 AM PST · by SoFloFreeper · 18 replies
    How much is Harry Reid Worth? $5 Million Harry Reid is a senior U.S. Senator and a member of the Democratic Party, as well as an attorney at law and has a net worth of $5 million. Harry Reid has earned his net worth through his lucrative career in politics Harry Reid: 'Why Would We Want To' Help One ... For full story visit: http://wfb.tc/GzR7HP www.FreeBeacon.com.
  • Harry Reid Takes Subsidy: ‘My Employer Helps Me Pay for My Health Care’

    12/19/2013 1:43:45 AM PST · by Olog-hai · 16 replies
    Cybercast News Service ^ | December 18, 2013 - 3:52 PM | Penny Starr
    Senate Majority Leader Harry Reid (D.-Nev.), whose salary is $193,400 a year, said he has purchased a health care plan through the D.C. Obamacare exchange and that he is accepting the federal subsidy that can run up up to $11,378 per year for a member of Congress to purchase a plan on that exchange. “I’m just like 150 million other people in America,” Reid said. “My employer helps me pay for my health care.” …
  • Expanded Medicaid’s fine print holds surprise: ‘payback’ from estate after death

    12/16/2013 7:39:27 AM PST · by afraidfortherepublic · 167 replies
    The Seattle Times ^ | 12-15-13 | Carol Ostrom
    As thousands of state residents enroll in Washington’s expanded Medicaid program, many will be surprised at fine print: After you’re dead, your estate can be billed for ordinary health-care expenses. State officials are scrambling to change the rule. It wasn’t the moonlight, holiday-season euphoria or family pressure that made Sofia Prins and Gary Balhorn, both 62, suddenly decide to get married. It was the fine print. As fine print is wont to do, it had buried itself in a long form — Balhorn’s application for free health insurance through the expanded state Medicaid program. As the paperwork lay on the...
  • What Obamacare Coverage Costs Congressmen

    12/05/2013 11:43:15 AM PST · by afraidfortherepublic · 9 replies
    Wall Street Journal ^ | 12-2-13 | Rebecca Ballhaus and Louise Radnofsky
    Some members of Congress are about to get their own kind of sticker shock when they head to the new insurance exchanges. A few will get a price cut. As the Journal has reported, a provision in the health law requires lawmakers to get their benefits alongside small-business employees for the first time, and that means lawmakers’ premiums will suddenly be tied to their age. Members of Congress used to pay the same rate, regardless of how old they were, which was around $186 a month to cover just themselves on one popular plan after their employer (in this case,...
  • ObamaCare Subsidy ‘Workaround’ Could Put Small Insurers Out of Business (Pelosi knew)

    12/04/2013 5:18:54 PM PST · by Libloather · 7 replies
    Fox Business ^ | 12/04/13 | Gabrielle Karol
    For subsidized plans to go into effect under ObamaCare, the government needs to hold up its end of the bargain – by paying its portion of premiums and cost-sharing payments. But some experts say a last-minute fix that would enable insurance companies to seek payment from the government for these costs may not be the Hail Mary intended by the Obama administration. The Centers for Medicare and Medicaid Services (CMS) has not yet completed the back-end technology necessary to automatically transfer payment from the government to insurance providers for subsidized plans. Until this aspect of the website is fixed, the...
  • Obamacare: We’re Workin-arounding as Fast as We Can. That’s an estimate.

    12/04/2013 7:00:13 AM PST · by NOBO2012 · 7 replies
    Michelle Obama's Mirror ^ | 12-4-2013 | MOTUS
    Watch for another really BIG speech from BIG Guy later today: “President Obama will discuss the twin challenges of growing income inequality and shrinking economic mobility and how they pose a fundamental threat to the American dream,” the White House said in a statement. *sigh* We’ve certainly nailed the “shrinking economic mobility” part. Butt regarding the “growing income inequality” - even I, equipped as I am with advanced refraction capabilities, grow weary of deflecting these spurious arguments. So today I’m going to let Charles Krauthammer do it for me:Just where, in the Book of Life, does it say that life...
  • (Exempt) Sen. Mary Landrieu will buy health coverage in Louisiana and lose out on federal subsidy

    11/22/2013 4:06:07 PM PST · by Libloather · 32 replies
    NOLA ^ | 11/22/13 | Bruce Alpert
    WASHINGTON -- Sen. Mary Landrieu, D-La., said Friday that she and her husband will buy their health insurance from Louisiana's Affordable Care Act marketplace. That decision means she won't qualify for the federal subsidy provided to federal employees, including members of Congress and their staffs. The subsidy can be as high as $11,377 for a family health plan. **SNIP** As a result of her personal decision on health coverage, Landrieu could also lose federal retirement health benefits. To qualify for retirement benefits, a member of Congress or federal government employee must be enrolled in a federal health plan, or, for...
  • Taxpayer-Backed Green Energy Firm Takes Millions, Goes Bankrupt and Leaves Toxic Mess Behind

    11/01/2013 7:34:10 AM PDT · by rktman · 12 replies
    The Blaze ^ | 10/31/2013 | Becket Adams
    A taxpayer-funded “green” energy company that went bankrupt in July 2012 didn’t just leave behind a legal mess for its creditors – it left behind a mess of contaminated water and toxic carcinogens. Taxpayer Backed Green Energy Firm Takes Millions, Goes Bankrupt and Leaves Behind Toxic Mess Image Source: Associated Press. And its up to the owners of Abound Solar’s deserted 37,000 square foot facility to clean up the broken glass and hazardous wastes.
  • 500,000 Californians lose health policies

    10/26/2013 9:47:36 PM PDT · by afraidfortherepublic · 46 replies
    National Review -- The Corner ^ | 10-26-13 | Wesley J. Smith
    My wife, the syndicated San Francisco Chronicle columnist Debra J. Saunders, has learned that at least 500,000 Californians may lose their health insurance next year — and that’s a conservative estimate. From her Token Conservative blog: According to this link as of December 2012, there were 491,977 covered lives in individual health care plans regulated by the state Department Insurance that are not grandfathered under the Affordable Care Act. (If they bought a plan after March 2010, their coverage is not grandfathered.) This is a 2012 number, but if the number of people with private coverage hasn’t changed much in...
  • GOP Congressman: Not ‘Unfair’ for Him to Get Tax Subsidy for Obamacare (Joe Barton, RINO-TX)

    10/23/2013 11:21:53 AM PDT · by Olog-hai · 25 replies
    Cybercast News Service ^ | October 23, 2013 - 10:29 AM | Susan Jones
    Rep. Joe Barton (R-Texas) told C-SPAN’s Washington Journal on Wednesday that as a member of Congress, he’ll be forced to get his own insurance through the Obamacare exchanges, and that he thinks taxpayers should continue helping him pay his premiums. Members of Congress, like Barton, get paid $174,000 per year, and, as Barton noted on C-SPAN, he also gets a subsidy of more than $10,800 per year to pay for his health insurance. …
  • The Affordable Health Care Act, government cheese and slavery

    10/01/2013 5:12:43 PM PDT · by JOHN W K · 4 replies
    10/1/2013 | johnwk
    If you do not consider the Affordable Health Care Act as part of Obama’s desire to enslave a large segment of America’s population and place them under the heel of an iron fisted government, then ask yourself, what is the object of slavery? Is it not an act in which the fruits of one person’s labor is forcefully taken and used for the personal economic wants and desires of another? Those who have studied the Obamacare subsidy schedule quickly realize the very object is to take the bread which productive working class citizens have earned and redistribute it to those...
  • Republicans think Labor Department has secret Obamacare 'fix' for unions

    09/21/2013 4:16:36 AM PDT · by afraidfortherepublic · 31 replies
    The Washington Examiner ^ | 9-21-13 | Sean Higgins
    Two Republican House lawmakers asked the Labor Department to provide "all legal analyses" it has done on a proposed Obamacare "fix" sought by Big Labor. The lawmakers think the administration is secretly working on a such a fix but trying to keep it hidden from the public. In a letter Wednesday to Labor Secretary Thomas Perez, House Education and the Workforce Committee Chairman John Kline, R-Minn., and Rep. Phil Roe, R-Tenn., said their request was prompted by the mysterious disappearance of a posting on the Office of Management and Budget's website saying it had received DOL's proposed rule on the...
  • Green Acres 94103

    09/15/2013 6:46:30 AM PDT · by Kaslin · 5 replies
    Townhall.com ^ | September 15, 2013 | Debra J. Saunders
    In 2012, the federal government paid some $5 billion in direct payments to farmers of wheat, corn, barley, oats, cotton, rice, soybeans, peanuts and other crops -- except the recipients cannot all be farmers. According to the Environmental Working Group, 116 of those tillers of the earth reside in San Francisco. For their farming activities, they pocketed $446,302. How is it, you might ask, that a government saddled with $17 trillion in debt can afford to send checks to more than 18,000 urban farmers? The group's senior vice president for government affairs, Scott Faber, calls the direct payments program "one...
  • Google Jet Fleet Loses a Pentagon Fuel Perk

    09/13/2013 8:02:04 PM PDT · by Olog-hai · 15 replies
    Wall Street Journal ^ | September 13, 2013, 4:35 p.m. ET | Mark Maremont
    Google Inc. founders Larry Page and Sergey Brin may have to dig deeper to operate their fleet of private jets, after the U.S. Department of Defense ended a little-known arrangement that for years allowed the tech billionaires to travel on sharply discounted jet fuel bought from the Pentagon. The agreement between the Google founders and the government, which started in 2007, ended Aug. 31 after officials at the National Aeronautics and Space Administration—which sponsored the arrangement—opted not to renew it, according to a Pentagon spokeswoman. The move followed discussions earlier this year between the Pentagon and NASA over whether the...
  • Tale of Two Teslas (half news/half vanity)

    08/25/2013 7:28:17 PM PDT · by logi_cal869 · 22 replies
    self | 8/25/2013 | self
    So, coming across this article on Tesla ranking above the likes of Porsche, Volvo and Land Rover in sales in California, I recalled a recent article that wasn't quite as glowing as the propaganda a few weeks ago about their Earnings Report.The article I recalled (I'll get to that) wasn't quite as glowing. To put it bluntly, there is still quite a lot at risk for Elon Musk & Tesla. For one thing, the glowing propaganda on their earnings is about as equally honest as the housing recovery in public statements from industry reps and government officials. Worse, the aforementioned...
  • D.C. government program to subsidize pot for poor patients

    08/21/2013 11:29:08 AM PDT · by ColdOne · 17 replies
    washingtontimes.com ^ | 8/21/13 | Celina Durgin
    An unprecedented D.C. government program will require medical marijuana dispensaries to put aside 2 percent of their profits in order to subsidize pot purchases for poor patients. Under the proposed rule, which was published in the D.C. Register last week and is in the midst of a 30-day review period, dispensaries will give at least a 20 percent discount on marijuana to low-income people at or below 200 percent of the federal poverty level. Clinics often offer discounts to poor patients, and other states mention low-income provisions in medical marijuana legislation. But Allen St. Pierre, executive director of the National...
  • Tesla Model S scores highest marks ever on U.S. crash testing

    08/20/2013 9:10:28 PM PDT · by grundle · 62 replies
    yahoo.com ^ | August 20, 2013 | Justin Hyde
    As much as electric car builders hail their vehicles as the future of transportation, one question they couldn't answer fully was just how well their vehicles would withstand a crash. Automakers have spent decades finessing their chassis; what happened when an engine-less vehicle went head-on into a barrier wasn't clear, and as the post crash-test smoldering of a Chevy Volt demonstrated, the batteries posed new challenges. Leave it to Tesla to provide the first hard evidence — with data from U.S. government tests showing the Model S sedan may be the most crash-proof passenger vehicle on the road today. Normally,...
  • Nordex USA Closes Wind Turbine Plant Despite Millions in Subsidies

    07/18/2013 10:22:17 AM PDT · by digger48 · 18 replies
    Heartland.org ^ | July 18, 2013 | James M. Taylor
    Wind turbine manufacturer Nordex USA announced it will close its Arkansas production facility after accepting millions of dollars in subsidies and promising to create 750 jobs. Nordex employed only 50 workers at its Jonesboro, Arkansas facility on June 28 when the company announced it would be shutting down turbine production in the state. Gov. Mike Beebe (D) committed Arkansas taxpayers to millions of dollars in subsidies to attract Nordex to the state in 2008. Beebe gave Nordex $8 million from the Governor’s Quick-Action Closing Fund. The Arkansas Development Finance Authority gave Nordex another $11 million. The wind turbine manufacturer never...
  • Malaysia's fuel prices among world's lowest - Ahmad Maslan

    07/17/2013 8:37:18 PM PDT · by TexGrill · 1 replies
    New Straits Times ^ | 07/18/2013 | Zarina Zakariah
    KUALA LUMPUR: Malaysia's fuel prices are among the lowest in the world, Deputy Finance Minister Datuk Seri Ahmad Maslan told the Dewan Rakyat today. Only seven other nations — Venezuela, Saudi Arabia, Kuwait, Egypt, United Emirates, Iran and Nigeria — sold fuel at prices lower than Malaysia. In his winding-up speech of a supplementary bill, Mazlan said Malaysia was able to sell cheaper fuel because of the significant subsidy borne by the government. He was answering to questions by several members of parliament on why the country’s fuel prices remained high although Malaysia is one of the main oil and...
  • Wisconsin private schools gear up for voucher program

    07/08/2013 1:43:27 AM PDT · by afraidfortherepublic · 2 replies
    Milwaukee Journal Sentinel ^ | 7-6-13 | Erin Richards
    On the heels of Gov. Scott Walker signing into law the 2013-'15 state budget — and the provision for a statewide private-school voucher program — private schools are mobilizing to participate and meet a rapidly approaching set of deadlines. Details about how the program will work are still being finalized at the state level, but many private schools have launched marketing campaigns and scheduled information sessions to attract local families, readying them for a quick sign-up window in August. Meanwhile, some private schools are experiencing a new world of prickly community relations, a side effect of a controversial program that...
  • House defeats farm bill amid bipartisan opposition

    06/20/2013 11:24:27 AM PDT · by ConservativeMan55 · 151 replies
    Fox ^ | 6/20/13
    <p>More than 60 House Republicans defected and voted against the half-trillion-dollar bill, which sets funding for farm subsidies and other assistance as well as food stamps.</p> <p>The vote was 234-195 against the bill.</p>
  • WI SOS to fellow Dems: Quit bashing WEDC

    06/14/2013 7:21:04 AM PDT · by afraidfortherepublic · 7 replies
    Wisconsin Reporter ^ | 6-14-13 | Ryan Ekvall
    MADISON — Secretary of State Doug La Follette wants his fellow Democrats to quit bashing the Wisconsin Economic Development Corp. It appears that La Follette’s plea went unheard, as three senate Democrats on Wednesday called for a criminal investigation into the state’s main business subsidy agency. “In some cases, the violations of state statute that took place appear to have risen to the level of criminal offenses,” Democrat state Sens. Bob Wirch of Somers, Dave Hansen of Green Bay and Jon Erpenbach of Middleton wrote in a letter to Dane County District Attorney Ismael Ozanne. “We ask that you investigate...
  • Bill would add natural gas-based ethanol to federal biofuels mandate

    05/14/2013 7:41:57 AM PDT · by thackney · 21 replies
    Fuel Fix ^ | May 14, 2013 | Jennifer A. Dlouhy
    To the federal government, ethanol only counts as a conventional biofuel if it is produced from switchgrass, corn starch or some other easily replenished materials. But Texas Rep. Pete Olson wants to change that. On Tuesday, the Houston-area Republican is introducing legislation that would allow ethanol produced from natural gas to compete with corn-based ethanol under the federal renewable fuels standard, an eight-year-old mandate that forces refiners to blend an increasing amount of alternatives into petroleum-based fuels. Technically, the measure would create a new “domestic alternative fuel” category under the RFS, under which the natural-gas based product would qualify. Olson...
  • IG: Add LG Chem to Obama’s green-tech subsidy flops

    02/14/2013 5:26:26 PM PST · by lowbridge · 1 replies
    hot air ^ | february 13, 2013 | Ed Morrissey
    This comes as no surprise to Hot Air readers, who learned about the value of the Obama administration’s $150 million subsidy investment of LG Chem last fall. After furloughing its workers at their Grand Rapids plant without having a single one of their batteries installed in a consumer vehicle, the local NBC affiliate produced this report on the way taxpayer money got spent:
  • ObamaCare Exchange Subsidy Cost Hiked By $233 Billion

    02/05/2013 2:39:44 PM PST · by Nachum · 5 replies
    Investor´s Business Daily ^ | 2/5/13 | John Merline
    The Congressional Budget Office on Tuesday quietly raised the 10-year cost of ObamaCare´s insurance subsidies offered via the health law´s exchanges by $233 billion, according to a Congressional Budget Office review of its latest spending forecast. The CBO´s new baseline estimate shows that ObamaCare subsidies offered through the insurance exchanges — which are supposed to be up and running by next January — will total more than $1 trillion through 2022, up from $814 billion over those same years in its budget forecast made a year ago. That´s an increase of nearly 29%.
  • As Coasts Rebuild and U.S. Pays, Repeatedly, the Critics Ask Why

    11/19/2012 9:25:04 AM PST · by Theoria · 35 replies
    The New York Times ^ | 18 Nov 2012 | JUSTIN GILLIS and FELICITY BARRINGER
    DAUPHIN ISLAND, Ala. — Even in the off season, the pastel beach houses lining a skinny strip of sand here are a testament to the good life. They are also a monument to the generosity of the federal government. The western end of this Gulf Coast island has proved to be one of the most hazardous places in the country for waterfront property. Since 1979, nearly a dozen hurricanes and large storms have rolled in and knocked down houses, chewed up sewers and water pipes and hurled sand onto the roads. Yet time and again, checks from Washington have allowed...
  • Essential Air Service House Chamber, Washington, D.C.

    06/27/2012 2:36:56 PM PDT · by Congressman Tom McClintock
    Congressman Tom McClintock ^ | June 26, 2012 | Congressman Tom McClintock
    Mr. Chairman: If the House is to live up to the promises the Republican majority made to the American people to bring spending under control, some tough choices are going to have to be made. But this amendment isn’t one of them. This is about the easiest choice the House could possibly make: to put an end to the so-called “Essential Air Service” that lavishly subsidizes some of the least essential air services in the country. This program shells out nearly $200 million a year – including $114 million of direct taxpayer subsidies – to support empty and near-empty flights...
  • Essential Air Service House Chamber, Washington, D.C.

    06/27/2012 2:36:46 PM PDT · by Congressman Tom McClintock · 3 replies
    Congressman Tom McClintock ^ | June 26, 2012 | Congressman Tom McClintock
    Mr. Chairman: If the House is to live up to the promises the Republican majority made to the American people to bring spending under control, some tough choices are going to have to be made. But this amendment isn’t one of them. This is about the easiest choice the House could possibly make: to put an end to the so-called “Essential Air Service” that lavishly subsidizes some of the least essential air services in the country. This program shells out nearly $200 million a year – including $114 million of direct taxpayer subsidies – to support empty and near-empty flights...
  • Subsidizing Failure

    06/07/2012 11:46:04 AM PDT · by Congressman Tom McClintock · 4 replies
    Rep. Tom McClintock ^ | June 1,2012 | Rep. Tom McClintock
    Subsidizing Failure House Chamber, Washington, D.C. June 1, 2012 Mr. Chairman: This amendment saves nearly one and a half billion dollars by ending the failed Energy Efficiency and Renewable Energy Program. If we’re serious about an “all of the above energy policy” we’ve got to stop using taxpayer money to pick winners and losers based on their political connections, and instead require every energy company to compete on its own merits as decided by the customers it attracts by offering better products at lower cost. For too long we have suffered from the conceit that politicians can make better energy...
  • Subsidizing Failure

    06/07/2012 11:45:58 AM PDT · by Congressman Tom McClintock · 1 replies
    Rep. Tom McClintock ^ | June 1,2012 | Rep. Tom McClintock
    Subsidizing Failure House Chamber, Washington, D.C. June 1, 2012 Mr. Chairman: This amendment saves nearly one and a half billion dollars by ending the failed Energy Efficiency and Renewable Energy Program. If we’re serious about an “all of the above energy policy” we’ve got to stop using taxpayer money to pick winners and losers based on their political connections, and instead require every energy company to compete on its own merits as decided by the customers it attracts by offering better products at lower cost. For too long we have suffered from the conceit that politicians can make better energy...
  • Canadian firm will receive up to 50 million stimulus dollars for NV solar plant with two employees

    05/14/2012 11:31:35 AM PDT · by NevadaPolicyResearchInstitute · 6 replies
    Nevada Journal ^ | May 10, 2012 | Kyle Gillis
    LAS VEGAS — The company behind the recently opened Silver State North solar plant is eligible to receive up to $50 million in federal tax credits under the Obama administration’s “stimulus” legislation, even though the plant created only two full-time jobs. According to a Department of Interior memo, Enbridge Energy Partners, a Canadian-based company with extensive energy holdings in the U.S. that purchased the Southern Nevada plant from Arizona-based First Solar, “can apply for payments of up to 30 percent of the eligible costs of the project — approximately $50 million.” The payments are available through the 1603 Program, a...
  • Why College Aid Makes College More Expensive

    02/25/2012 1:27:00 PM PST · by grundle · 13 replies · 2+ views
    smartmoney.com ^ | FEBRUARY 24, 2012 | JACK HOUGH
    New research shows how federal spending on higher education can backfire.Federal aid for students has increased 164% over the past decade, adjusted for inflation, according to the College Board. Yet three-quarters of Americans and even a majority of college presidents see college as unaffordable for most, and that sentiment has been steadily spreading, the Pew Research Center reports. Two new studies offer clues on why. One measures the degree to which some colleges reduce their own aid in response to increased federal aid. The other suggests federal aid is helping to push college costs higher.Recipients of federal Pell Grants have,...
  • House approves offshore wind bill 88-47, administration accused of coercion

    04/01/2012 1:07:14 AM PDT · by Tolerance Sucks Rocks · 14 replies
    The Maryland Reporter ^ | March 31, 2012 | Daniel Menefee
    The House passed the administration’s offshore wind power bill Friday amid accusations Gov. Martin O’Malley secured votes on the House Economic Matters Committee with disparity grants to committee members’ districts. “Those of you who have been here longer than two weeks know there’s a lot of complicated pressures that go into making a bill pass or fail,” said House Minority Leader Anthony O’Donnell. “Sometimes it takes a little nudge, sometimes it takes a carrot, and sometimes it takes a stick.” The disparity grant program in Maryland provides subsidies to jurisdictions with income tax receipts that fall below 75% of the...
  • Pure Michigan’s Bid For More Tax Money

    03/29/2012 6:41:21 PM PDT · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 3/29/2012 | James Hohman
    A new study on Michigan’s 2011 Pure Michigan advertising campaign repeats the common ploy of using "multiplier" analyses to defend some line items in the state budget. This technique is often used to justify government spending on everything from public transportation to film subsidies. Multiplier analyses take some economic activity and estimate its net economic impacts. For example, it looks at something like a customer buying a pair of shoes, and estimates what effect the retailer's use of the proceeds from the sale has as that money flows through the economy. Though they often use overblown and sometimes erroneous assumptions,...
  • Government math: $1 million subsidy for Reno windmills saves $2,785 since 2010

    03/19/2012 11:11:16 AM PDT · by NevadaPolicyResearchInstitute · 11 replies · 1+ views
    Write on Nevada ^ | 3/19/2012 | Victor Joecks
    From the Reno Gazette-Journal: Nearly two years after Reno started installing energy-producing windmills at city facilities from downtown to Stead, some have proven to be better at generating electricity than others despite claims made by manufacturers. The city’s seven windmills have so far saved Reno $2,785 in energy costs after generating 25,319 kilowatt-hours of electricity. The windmills were installed between April and October 2010 and cost about $1 million out of a $2.1 million federal energy grant given to the city that was part of the stimulus package approved by Congress in February 2009. That’s according to data available...
  • Why did Drudge pull this link so quick?

    Drudge pulled this link after just a few hours, but has others on there all day. A $10,000 proposed subsidy for Volt buyers is a relevant story. Is Drudge not a reliable source anymore?
  • Protests, tear gas as fuel prices soar in Nigeria {ended fuel subsidies}

    01/03/2012 5:44:03 AM PST · by thackney · 1 replies
    Calgary Herald ^ | January 2, 2012 | Agence France-Presse
    Police fired tear gas at protesters in the Nigerian capital Monday as anger mounted after the government ended fuel subsidies, more than doubling petrol prices in the poverty stricken country. The move announced Sunday in Africa's most populous nation and largest oil producer, saw petrol prices rocket to about 140 niara (0.66 euros, $0.96) per litre on Monday from 65 niara, where the price had been artificially held. Most Nigerians live on less than two dollars a day. Queues formed Sunday and again on Monday, a public holiday, with drivers hoping to purchase fuel before prices rise further and fearing...
  • Congress ends corn ethanol subsidy

    12/28/2011 9:29:12 AM PST · by Ernest_at_the_Beach · 37 replies · 1+ views
    watts up with that? ^ | December 28, 2011 | Anthony Watts
    Interesting timing, especially when some biomass companies are switching from wood chips to corn, because they couldn’t turn a profit on wood chips. Looks like all the wheels are coming off the bus now.To Survive, Some Biofuels Companies Give Up on Biofuels – Technology Review Gevo, a prominent advanced-biofuels company that has received millions in U.S. government funding to develop fuels made from cellulosic sources such as grass and wood chips, is finding that it can’t use these materials if it hopes to survive. Instead, it’s going to use corn, a common source for conventional biofuels. What’s more, most of...
  • Chevy Volt Costing Taxpayers Up to $250K Per Vehicle

    12/21/2011 1:02:05 PM PST · by Attention Surplus Disorder · 20 replies · 1+ views
    Michigan Capitol Confidential ^ | Dec. 21, 2011 | Tom Gantert
    Each Chevy Volt sold thus far may have as much as $250,000 in state and federal dollars in incentives behind it – a total of $3 billion altogether, according to an analysis by James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy. Hohman looked at total state and federal assistance offered for the development and production of the Chevy Volt, General Motors’ plug-in hybrid electric vehicle. His analysis included 18 government deals that included loans, rebates, grants and tax credits. The amount of government assistance does not include the fact that General Motors is currently...
  • China Imposes Tariff on US Car Imports (Obama Motors Gov-Subsidized Cars!)

    12/15/2011 10:35:05 AM PST · by tcrlaf · 7 replies · 1+ views
    UK Gusrdian ^ | 12-14-11 | Graeme Weardon
    China imposes tariff on US car imports Additional duties will be charged on larger-engined American cars with General Motors, Chrysler and BMW all affected. GMC trucks at a General Motors dealership in Los Angeles China is to charge import tariffs on US cars such as these General Motors SUVs. Photograph: Lucy Nicholson/Reuters The tension between America and China over international trade escalated on Wednesday when Beijing imposed additional duties on cars imported from the United States. China's commerce ministry accused America's car industry of "dumping and subsidising", thereby causing substantial damage to China's domestic car industry. From Thursday, levies will...
  • Rich soak up solar subsidies (CPUC at its subsidy finest, a pittance to the poor)

    10/30/2011 9:37:44 AM PDT · by NormsRevenge · 9 replies
    Sac Bee ^ | 10/30/11 | Dan Morain
    The sun shines on the beachfront mansions of Malibu and La Jolla, just as it does on Compton and Barrio Logan in San Diego. ... But based on how California policymakers dole out valuable subsidies for solar panels placed on the residential roofs, the poorest parts of our sunny state might as well be on the dark side of the moon. California is in the midst of by far the nation's most ambitious program to convert to solar energy, one that began in 2006 when then Gov. Arnold Schwarzenegger declared that during the next decade, the state would place solar...
  • OECD and IEA recommend reforming fossil-fuel subsidies to improve the economy and the environment

    10/04/2011 1:51:23 PM PDT · by larry hagedon · 7 replies
    IEA website ^ | Oct 4th, 2011 | IEA staffers
    04 October 2011 Paris --- Governments and taxpayers spent about half a trillion dollars last year supporting the production and consumption of fossil fuels. Removing inefficient subsidies would raise national revenues and reduce greenhouse-gas emissions, according to OECD and IEA analyses.
  • $200 million green-tech subsidy results in -100 jobs

    10/04/2011 10:32:34 AM PDT · by Nachum · 11 replies
    Hot Air ^ | 10/4/11 | Ed Morrissey
    What happens when job-stimulus funds get spent on a company that reduces its workforce? It looks like Barack Obama and Energy Secretary Stephen Chu made another “bad bet” in 2009, sinking $200 million into the non-profit National Renewable Energy Laboratory in Golden, Colorado. NREL isn’t going under, but it’s cutting back staff after getting a big taxpayer subsidy from Porkulus: President Barack Obama’s “green jobs” initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan. According...
  • Michigan Taxpayers Fork Over $912K for Video Game

    08/23/2011 10:52:11 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 8/23/2011 | Tom Gantert
    Michigan taxpayers will give one company about $912,000 for it to make two video games under the state’s 42 percent film tax incentive program. The Michigan Film Office has approved tax incentives to BH Golfing Games Productions so it can make the Ben Hogan games, according to the film office’s 2010 annual report. The money goes to BH Golfing Game Productions LLC, which is one of a series of limited liability companies created for the project. The project has ties to Alliance Acquisitions, a venture capital company in California. There are also Michigan investors involved, according to Marc Seyburn, the...
  • As FAA Shutdown Continues, Obama Pleads With Congress to End Stalemate

    08/03/2011 2:46:42 PM PDT · by KeyLargo · 29 replies
    Fox News ^ | Aug 3, 2011
    As FAA Shutdown Continues, Obama Pleads With Congress to End Stalemate Published August 03, 2011 | FoxNews.com President Obama ratcheted up the pressure on Congress Wednesday to return from a monthlong vacation and end an impasse over funding the Federal Aviation Administration, which is in the 12th day of a partial shutdown that has left more than 70,000 airport construction workers and 4,000 FAA employees out of work. "This is a lose-lose-lose situation that can be easily solved if Congress gets back into town and does its job," the president said at the start of a Cabinet meeting.