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Keyword: subsidy

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  • 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 forbreaking 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...
  • Is The Oil Industry Really Subsidized?

    11/13/2015 9:15:26 AM PST · by bananaman22 · 7 replies
    Oilprice.com ^ | 13-11-2015 | pond
    sub•si•dy: (s?b′s?-d?) n. pl. sub•si•dies 1. Monetary assistance granted by a government to a person or group in support of an enterprise regarded as being in the public interest. 2. Financial assistance given by one person or government to another. The oil and gas industry is suffering through a severe and prolonged slump due to collapsed oil prices resulting in the loss of hundreds of thousands of jobs worldwide and the destruction of billions, if not trillions, of dollars in shareholder value. Governments in oil-producing jurisdictions, including Alberta, find themselves in severe financial difficulty because cash flow generated by first...
  • Berlin props up coal with €3 billion in subsidies

    11/13/2015 8:32:25 AM PST · by Olog-hai · 13 replies
    TheLocal.de ^ | 13 Nov 2015 11:00 GMT+01:00 | (AFP)
    A new report reveals that Germany is subsidizing coal with more than 3 billion in public funds a year, even given the country's commitment to cutting carbon emissions. EU states are subsidizing climate-harming coal to the tune of 10 billion ($10.7 billion) a year, according to a German study due to be released next week. In Germany alone, the coal sector receives 3.7 billion of public money annually, according to the study by think tank the Heinrich Boell Foundation and environmental group Friends of the Earth, which gave excerpts to AFP. ...
  • Californians upset that they cant sell their green energy homes

    10/19/2015 1:19:09 PM PDT · by SeekAndFind · 33 replies
    Hotair ^ | 10/19/2015 | Jazz Shaw
    A tale of woe comes to us from the Left coast. Trouble has reared its head for Californians who enrolled in a special government program designed to allow them to use taxpayer funds to upgrade their homes with solar panels, wind turbines, unicorn flatulence converters and any number of other green energy improvements. Tens of thousands of Californians signed up for the Property Assessed Clean Energy (PACE) financing program which provided them with funding for installing such energy efficient goodies over the past several years, but now they’re finding their homes stalled on the market when they want to...
  • Shale gas development in China aided by government investment and decreasing well cost

    09/30/2015 5:52:22 AM PDT · by thackney · 11 replies
    Energy Information Administration | SEPTEMBER 30, 2015 | Energy Information Administration
    Decreases in the cost to drill shale gas wells and continued investment into domestic production have allowed China to increase its development of shale gas. Although reliance on natural gas imports has increased in the Chinese energy market, future shale gas production in China would help to meet natural gas demand as the country faces difficulties in developing other natural gas resources, including coalbed methane (CBM). Over the past 25 years, China has attempted to develop its substantial CBM resources, estimated by China's Ministry of Land and Resources (MLR) at more than 1,000 trillion cubic feet (Tcf). Currently, there are...
  • 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...
  • Mizzou profs. cancel classes to support grad student protest ( Health insurance subsidy )

    08/30/2015 7:36:14 AM PDT · by george76 · 5 replies
    Campus Reform ^ | Aug 25, 2015 | Peter Fricke
    Graduate students at MU will demonstrate for larger stipends and university-subsidized housing and child care. Professors plan to cancel classes in order to attend the rally in support of their teaching assistants. An upcoming rally by graduate students at the University of Missouri (MU) demanding increased pay and benefits will likely provide undergraduate students with an unexpected break from their classes. Several MU professors plan to cancel classes Wednesdayjust two days after the beginning of the fall semesterin order to attend the rally in support of their teaching assistants, who are demonstrating for larger stipends and university-subsidized housing and child...
  • Solyndra Misrepresented Facts to Get Loan Guarantee, Report Says

    08/28/2015 4:43:22 AM PDT · by thackney · 26 replies
    Wall Street Journal ^ | Aug. 26, 2015 | Associated Press
    A four-year investigation has concluded that officials of the solar company Solyndra misrepresented facts and omitted key information in their efforts to get a $535 million loan guarantee from the U.S. government. Solyndra was the first company to get federal loan guarantees under a program that was created in 2005 and expanded by President Barack Obamas 2009 economic stimulus package. The companys failure soon after receiving the loan guarantee likely will cost taxpayers more than $500 million. Republicans and other critics cite it as an example of wasteful spending under the stimulus program. The report by the Energy Departments inspector...
  • Almost 3 Million Could Lose Their ObamaCare Subsidies Next Year

    08/22/2015 7:05:21 AM PDT · by SeekAndFind · 30 replies
    IBD ^ | 08/22/2015
    Remember the hue and cry when it looked like the Supreme Court could deny ObamaCare subsidies to millions of people? Looks like it could happen anyway, thanks to the law's tax complications. Fully 40% of taxpayers who received ObamaCare subsidies last year haven't filed their taxes yet and are at risk of losing their subsidies for next year, according to the American Action Forum. An update on ObamaCare that the IRS recently sent to Congress said that out of the 4.5 million taxpayers who got ObamaCare's "advance payment" subsidies last year, only 2.7 million had filed the required tax forms...
  • Meet Solyndra 2.0: This US-Taxpayer-Subsidized Spanish "Renewables" Firm Is Collapsing

    08/04/2015 9:00:11 AM PDT · by SeekAndFind · 10 replies
    Zero Hedge ^ | 08/04/2015 | Tyler Durden
    News that bonds and stocks of Abengoa SA - the Spanish renewable-energy company - plunged after a plan to shore up capital failed to reassure investors that it can stop burning cash is likely to have passed many by. But coming just one day after President Obama unleashed his Clean Power Plan, the fact that the company - that is now facing significant liquidity concerns - received over $230 million in US taxpayer subsidies in 2014 - despite two ongoing federal investigations - may raise an eyebrow or two as images of Solyndra's government-sponsored farce come to mind... as...
  • HHS secretary: No plan if Supreme Court guts Obamacare

    06/22/2015 10:58:30 AM PDT · by tcrlaf · 20 replies
    CNN ^ | 6-22-2015 | Jim Acostsa
    Days before the Supreme Court could strip it of a central component, there is still no "plan B" for Obamacare. Health and Human Services Secretary Sylvia Burwell warned the Obama administration will be unable to cover the millions of Americans who could lose their medical insurance if the Supreme Court decides to unravel much of the Affordable Care Act. "We don't believe there is an administration solution that would undo all of that damage," Burwell said about the looming Supreme Court ruling in an exclusive interview with CNN. The court could rule as early as Monday in the health care...
  • Energy subsidies, A costly mistake

    05/20/2015 5:04:54 AM PDT · by thackney · 12 replies
    The Economist ^ | May 19th 2015 | Business and finance
    BIG mistakes in economic policymaking abound. But it would be hard to find a worse one than energy subsidies. Recent research has shown that they enrich middlemen, depress economic output and help the rich, who use lots of energy, more than they do the poor. But now a new working paper by the International Monetary Fund highlights another cost too: damage to the environment. Including this, the authors reckon that the total drag on the global economy caused by fuel subsidies now amounts to a stonking $5.3 trillion each year, or 6% of global GDPmore than world spends on health...
  • GAO: Dept. of Energys green energy loans, predicted to turn profit, will lose money

    04/29/2015 2:33:28 PM PDT · by yuffy · 5 replies
    Libertyunyielding ^ | April 28, 2015 at 10:26 am | By LU Staff
    Its official: The Energy Departments green energy loan program is expected to lose money despite media reports that such loans would net the government a profit. The Government Accountability Office says the DOEs oft-touted $28 billion loan program will cost taxpayers $2.21 billion over the lifetime of the loans. Not only that, the costs to taxpayers for green loans has risen about $500 million as the result of loan guarantee defaults from companies like Solyndra and Abound Solar. The credit subsidy cost of the loans and loan guarantees in its portfolio is expected to be $2.21 billion, including $807 million...
  • Tesla should stop accepting subsidies says WSJ

    03/01/2015 6:40:39 PM PST · by thackney · 49 replies
    ecomento.com ^ | February 25, 2015 | STEVE HANLEY
    The European edition of The Wall Street Journal has said in an editorial that Tesla Motors should stop accepting federal and state subsidies. Last year Tesla made a roughly $150 million killing from selling ZEV credits. Thats up from $130 million in 2013, $32 million in 2012, and $3 million in 2011. All told in 2014 Tesla sold about $216 million in credits, the newspaper said. It goes on to say, Capitalism needs visionaries, but its reputation suffers when companies worth billions soak middle-class taxpayers for profits. Turn off the taxpayer tap, Mr Musk. It would earn you more friends...
  • Report: Solar Energy Subsidies Cost $39 Billion Per Year

    02/13/2015 12:33:34 AM PST · by Citizen Zed · 10 replies
    Washington Free Beacon ^ | 2-12-2015 | Elizabeth Harrington
    Despite billions spent in investments over decades, solar energy will only make up 0.6 percent of total electricity generation in the United States, according to areport released by the Taxpayers Protection Alliance (TPA). In spite of governments best efforts to encourage innovation by solar energy companies and encourage Americans to rely more heavily on solar electricity, solar power continues to be a losing proposition, the report said. American taxpayers spent an average of $39 billion a year over the past 5 years financing grants, subsidizing tax credits, guaranteeing loans, bailing out failed solar energy boondoggles and otherwise underwriting every idea...
  • If You Received a Higher Obamacare Subsidy Than You Were Eligible For, You Dont Have to Pay...

    01/31/2015 3:59:48 AM PST · by Libloather · 34 replies
    Daily Signal ^ | 1/30/15 | Andrew Kloster
    If You Received a Higher Obamacare Subsidy Than You Were Eligible For, You Dont Have to Pay It Back This Year **SNIP** However, the IRS will waive the 2014 late payment penalty for those who received an excessive premium tax credit. The IRS has now granted these recipients of excessive federal benefits a one-year holiday. Even though they clearly owe the overpayment for 2014, they will effectively not have to, and no doubt wont, pay the money back because they will not face any penalty if they do not pay it immediately. If the Obama administration delays the payment again,...
  • RFS a No-Show at Freedom Summit

    Just days after Iowa Governor Terry Brandstad kicked off a campaign to promote the Renewable Fuel Standard (RFS) as a candidate in the 2016 presidential race, it was basically a no-show at the conservative Freedom Summit featuring many presidential hopefuls. Asked about the RFS in an interview with the Des Moines Register on Friday, Senator Ted Cruz of Texas said he would continue his opposition to the law as a matter of principle. One of the potential candidates who received some positive reviews at the summit was Wisconsin Governor Scott Walker, who was recently criticized by biofuels producers in his...
  • A whopping 87 per cent of Obamacare customers to get taxpayer-funded subsidies in 2015...

    12/30/2014 9:38:27 PM PST · by afraidfortherepublic · 52 replies
    The Daily Mail ^ | 12-30-14 | David Martosko
    About seven out of every eight Obamacare insurance customers who enrolled between November 15 and mid-December are poor enough to qualify for taxpayer-funded subsidies designed to lower their monthly premiums. The Department of Health and Human Services reported that number Tuesday, saying it's up from 80 per cent a year ago. Americans who participate in government-brokered medical insurance can get subsidies from the federal treasury if their households earn less than four times the government's official 'poverty' level. That situation describes 64 per cent of all U.S. residents, according to the Kaiser Family Foundation. But far more are qualifying, suggesting...
  • Venezuela's future: 'Barbarity and people looting'

    12/01/2014 2:06:52 PM PST · by Citizen Zed · 38 replies
    cnbc ^ | 12-1-2014
    "Scarcity is getting worse in Venezuela. Basic products are so hard to get," said Josseline Viera, a doctor in Venezuela. "It used to be that certain products were scarce, now it's basically everything." Viera says shortages have made it impossible for hospitals to find essential medical products such as gauze and acetaminophen. Oil accounts for 95 percent of Venezuela's export earnings,and combined with gas, it's 25 percent of the country's gross domestic product. As the price of oil hits a four-year low at $70 per barrel, the OPEC nation's oil-dependent economy is set to implode, experts say, bringing deeper political...
  • APNewsBreak: Vascular Solutions subsidy scrapped (Minnesota)

    11/19/2014 11:56:39 AM PST · by Olog-hai · 1 replies
    Associated Press ^ | Nov 19, 2014 1:56 PM EST | Brian Bakst
    A medical-device company lost out on a hefty Minnesota subsidy on Wednesday after the firm and its leader were criminally charged. The Department of Employment and Economic Development scrapped a potential $800,000 package tied to an expansion and hiring proposal put forth by Vascular Solutions. The decision came Wednesday, a day after The Associated Press reported the deal was cast into doubt by last weeks federal indictment. A hearing to consider approval of the Minnesota Job Creation Fund award had been set for Friday. [] Vascular Solutions and CEO Howard Root were federally indicted last week on charges of conspiring...
  • KiOR files for bankruptcy, but not Mississippi unit

    11/10/2014 8:11:07 AM PST · by thackney · 10 replies
    Fuel Fix ^ | November 10, 2014 | Ryan Holeywell
    Kior, Inc., the Houston-area biofuels maker that hoped to tap new technology to produce clean energy, filed for bankruptcy Sunday. The company listed $58.3 million in assets along with $261.3 million debts in its filing in the federal bankruptcy court in Delaware, where the company is incorporated. The company was at one-time considered a leader in the development of whats known as cellulosic fuel gasoline and diesel that is made from inedible plant material like woodchips and grass clippings. Though other biofuels are made from plants ethanol, for example, is made from corn or sugarcane cellulosic fuels...
  • Little House on the Subsidized Prairie

    10/28/2014 7:46:17 AM PDT · by MichCapCon · 3 replies
    Michigan Capitol Confidential ^ | 10/27/2014 | Tom Gantert
    When actress Melissa Gilbert recently told a local newspaper that she wants to boost Michigans economy by starting a theater company near her home in Howell, the Little House on the Prairie star added some conditions. Gilbert wants the state to increase the subsidies it delivers to film producers from the current $50 million annual level. She also told The Daily Press & Argus that her theater company plans are dependent on her choice for governor Democrat Mark Schauer winning in November. While Gilbert lives in Michigan, she and her husband, actor Timothy Busfield, are also collecting subsidies...
  • CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years

    09/15/2014 7:59:55 PM PDT · by Nachum · 20 replies
    cns news ^ | 9/15/14 | Terence P. Jeffrey
    (CNSNews.com) - The cost of the Obamacare subsidy that the U.S. Treasury will pay on behalf of people who earn under 400 percent of the federal poverty level and who buy a government-approved health-care plan on a government-run health-insurance exchange will increase by approximately 8-fold in its first ten years of operation, according to the latest budget estimate from the Congressional Budget Office. Medicaid spending will double in the first ten years of full implementation of Obamacare, according to the CBO estimates.
  • Can solar energy work in snowy Syracuse? Yes, with lots of taxpayer help

    09/10/2014 4:31:10 AM PDT · by Behind Liberal Lines · 25 replies
    Post Standard, Syracuse NY ^ | 9.10.14 | Glenn Coin
    "The bottom line is solar works here," said Pete Wirth, whose 18 solar panels supply all of his Fayetteville home's electrical power. "It would probably work better if you had no cloudy days, but solar works perfectly fine in Central New York." The only way solar works here, or just about anywhere, is with heavy government subsidies. Wirth's system cost $24,000 when it was installed two years ago, but after tax credits and rebates, he paid about $6,200. That means taxpayers pick up about 75 percent of the cost of solar systems.
  • Discarded Children Still Bring in Subsidy Checks for the Adoptive Parents Who Tossed Them Aside

    09/02/2014 12:03:54 AM PDT · by nickcarraway · 17 replies
    New York Daily News ^ | Tuesday, September 2, 2014 | Nick Nehamas
    Hundreds of adoptive parents in New York City who've sent their children to live elsewhere continue to get monthly government subsidies of up to $1,700 per child. They can continue receiving the checks until the child turns 21 years old.They gave up on their hard-to-place" adopted kids but not on the government check intended for the discarded kids care. Hundreds of adoptive parents across the five boroughs who've sent their children to live elsewhere are continuing to pull in monthly checks of up to $1,700 per child while the city, state and feds look the other way, the Daily...
  • Louisiana Gov. Bobby Jindal to sue Obama Administration on Common Core

    08/27/2014 7:24:11 AM PDT · by afraidfortherepublic · 2 replies
    The Washington Times ^ | 8-27-14 | Cheryl K. Chumley
    Louisiana Gov. Bobby Jindal said he was filing a lawsuit on Wednesday against the Obama administration over alleged manipulation of grant money to force states to accept Common Core as their school standards. Mr. Jindal is also accusing the White House of manipulating the regulatory process to compel states to take the much-disputed educational program, The Associated Press reported. The U.S. Department of Education used its $4.3 billion grant program and waiver policy to press states into accepting the same educational testing and standards program. Mr. Jindal said that action effectively forces states down a path toward a national curriculum,...
  • New York to DC: We'll Figure Out Immigration On Our Own Since You Can't

    08/04/2014 5:29:38 PM PDT · by mandaladon · 12 replies
    Yahoo News ^ | 4 Aug 2014 | Rebecca McCray
    This week felt like dj vu all over again for immigration activists who held hunger strikes ahead of Christmas break. The House and Senate, one of the least productive to ever set foot in the nation's Capitol, left Washington this week to go on vacation without bringing forward a vote on reform. Again. But activists aren't the only ones fed up with Congress inaction on immigration reform. The country's largest statesCalifornia, New York, and Texashave been looking for ways to take matters into their own hands when it comes to granting rights to undocumented residents. In New York, State Senator...
  • Obamacare Architect Admists Taxpayers in Non-Exchange States Won't Get the Subsidy

    07/28/2014 6:37:59 AM PDT · by CharlesOConnell · 2 replies
    Competitive Enterprise Institute ^ | July 24, 2014 | Ryan Radia
    UNKNOWN QUESTIONER:Um, you mentioned the Health Insurance Exchanges for the States. And its my understanding that if the States dont provide them, that the Federal Government will provide them.M.I.T. economics Prof. Jonathan Gruber:Yeah, so these Health Insurance Exchanges once you go on MA-HealthConnect.org and CRS [is] in Massachusettswill be these new shopping places. And theyll be the place that people go to get their subsidies for health insurance. In the law it says [that] if States dont provide them, the federal backstop will. The Federal Government has been sort-of slow in putting in this backstop, I think partially, because they...
  • Solar panel company pocketing govt subsidy cash intended for homeowners

    07/12/2014 7:57:00 AM PDT · by afraidfortherepublic · 16 replies
    Hot Air ^ | 7-12-14 | Jazz Shaw
    The US government has been pushing the idea of home solar panels for quite a while now, giving the industry a significant, additional nudge when the current federal subsidy program was generously expanded in 2008. The idea behind this was that if homeowners wanted to save some money on their energy bill by using solar power, they could receive a 30% subsidy to help cover the costs. Sounds pretty sweet, eh? Well, when the government is giving away taxpayer cash, plenty of people will line up to get it and its not always those who were intended to benefit. This...
  • More taxpayer dollars for green energy?

    07/07/2014 7:05:57 AM PDT · by rktman · 3 replies
    canadafreepress.com ^ | 7/7/2014 | Marita Noon
    There is an intentional tension in Washington. Our founding fathers planned that opposing views would balance each other outa push-pull takes place. Spend. Dont spend. This tug-of-war is seen, perhaps most obviously, in the so-called renewable energy field. After Solyndra, and the more than fifty other stimulus-funded green energy projects that have failed or are circling the drain, the public has grown weary, and wary, of any more spending on green energy. The money isnt there to spend and the motive behind the 2009 rush to push billions of taxpayer dollars out through the Department of Energy has been tainted...
  • Solar farms to lose UK government financial support

    05/13/2014 11:10:49 AM PDT · by Oldeconomybuyer · 9 replies
    The Guardian UK ^ | May 13, 2014 | by Fiona Harvey
    The government is to make drastic changes to its financial support for solar energy farms, in a move condemned by green activists and renewable power companies as likely to reduce the UK's ability to generate low-carbon power and green jobs. The move is being seen as another victory for the Conservative party, many of whom are opposed to what the prime minister has been alleged to call "green crap", such as renewable energy measures that add to consumer bills.
  • 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 Obamas 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. Its 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 worlds 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 Im 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...
  • Venezuelas 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 hasnt 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 arent 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. Im just like 150 million other people in America, Reid said. My employer helps me pay for my health care.
  • Expanded Medicaids 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 Washingtons expanded Medicaid program, many will be surprised at fine print: After youre dead, your estate can be billed for ordinary health-care expenses. State officials are scrambling to change the rule. It wasnt 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 Balhorns 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...