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Keyword: subsidies

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  • Constitutional Lawyer: Yes, Obama’s Affordable Care Act Subsidy Provision Was Illegal

    10/17/2017 1:23:18 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | October 16, 2017 | Matt Vespa
    There’s are a lot of liberals frothing at the mouth over the Trump administration’s decision to end the unconstitutional subsidies to insurance companies under the Affordable Care Act last week. The subsidies were given to insurance companies to help offset costs from lower-income individuals concerning deductibles and other out-of-pocket expenses. It's meant to prevent premium spikes. And the termination of this subsidy is not just a conservative view or action item, by the way. It’s the opinion of the courts, as the LA Times reported back in May of 2016–it’s unconstitutional: House Republicans won Round 2 in a potentially historic...
  • Trump to end key ACA subsidies, a move that will threaten the law’s marketplaces

    10/12/2017 8:05:12 PM PDT · by NRx · 118 replies
    WaPo ^ | 10-12-2017 | Amy Goldstein
    President Trump is throwing a bomb into the insurance marketplaces created under the Affordable Care Act, choosing to end critical payments to health insurers that help millions of lower-income Americans afford coverage. The decision follows an executive order on Thursday to allow alternative health plans that skirt the law’s requirements. The White House confirmed late Thursday that it would halt federal payments for cost-sharing reductions, although a statement did not specify when. According to two people briefed on the decision, the cutoff will be as of November. The subsidies total about $7 billion this year. Trump has threatened for months...
  • Pro-Trump states most affected by his health care decision [fakenews]

    10/14/2017 7:15:58 AM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Oct 14, 2017 9:47 AM EDT | Christina A. Cassidy and Meghan Hoyer
    President Donald Trump’s decision to end a provision of the Affordable Care Act that was benefiting roughly 6 million Americans helps fulfill a campaign promise, but it also risks harming some of the very people who helped him win the presidency. Nearly 70 percent of those benefiting from the so-called cost-sharing subsidies live in states Trump won last November, according to an analysis by The Associated Press.The subsidies are paid to insurers by the federal government to help lower consumers’ deductibles and co-pays. People who benefit will continue receiving the discounts because insurers are obligated by law to provide them....
  • Trump Tax Plan "Death Blow" to High-Tax States [semi-satire]

    09/29/2017 3:23:50 PM PDT · by John Semmens · 13 replies
    Semi-News/Semi-Satire ^ | 1 Oct 2017 | John Semmens
    A feature of the Trump Administration's proposed tax reform plan that has stirred fear among governors of high-tax states is the elimination of deductions for state income and property taxes. New York Gov. Andrew Cuomo (D) called it a "death blow" for his state. "New York has traditionally relied on high taxes to fund the services we provide for our population," the Governor pointed out. "Resistance to these tax high rates has been moderated by the fact that deductions from federal taxes has helped pass some of the burden onto to states that have lower taxes. If we lose that...
  • US slaps 220 percent duty on Canada's Bombardier jets

    09/27/2017 6:56:42 AM PDT · by Olog-hai · 50 replies
    Associated Press ^ | Sep 26, 2017 10:05 PM EDT | Paul Wiseman and Rob Gillies
    The Commerce Department slapped duties of nearly 220 percent on Canada’s Bombardier C Series aircraft Tuesday in a victory for Boeing that is likely to raise tensions between the United States and its allies Canada and Britain. Commerce ruled that Montreal-based Bombardier used unfair government subsidies to sell jets at artificially low prices in the U.S. “The U.S. values its relationships with Canada, but even our closest allies must play by the rules,” Commerce Secretary Wilbur Ross said. Canada responded by saying it “strongly disagrees” with the U.S. move. “This is clearly aimed at eliminating Bombardier’s C Series aircraft from...
  • Chuck Schumer Says Feds Will Spend $18,000,000 to Buy Grape Juice to Subsidize Vineyard Owners

    08/18/2017 4:38:52 PM PDT · by ForYourChildren · 67 replies
    CNS News ^ | 08/18/2017 | CNS News Staff
    Senate Minority Leader Chuck Schumer (D.-N.Y.) and Sen. Kirsten Gillibrand (D.-N.Y.) announced yesterday that the federal government will spend up to $18,000,000 to buy Concord grape juice in an effort to increase the price that New York farmers can get for their grapes. In a letter to Agricultural Secretary Sonny Perdue urging him to have the government buy the grape juice, Sen. Schumer noted that there are “more than 280 growers with over 9,700 acres” of Concord grape vineyards in New York State. “I write to encourage the United States Department of Agriculture’s (USDA) Agriculture Marketing Service (AMS) to utilize...
  • NY Times: Trump Threat to Obamacare Would Send Premiums and Deficit Skyward

    08/15/2017 1:51:46 PM PDT · by Zakeet · 23 replies
    NY Times ^ | August 15, 2017 | Robert Pear and Thomas Kaplan
    Premiums for the most popular health insurance plans would shoot up 20 percent next year, and federal budget deficits would increase by $194 billion in the coming decade if President Trump carries out his threat to end certain subsidies paid to insurance companies for the benefit of low-income people, the Congressional Budget Office said Tuesday. The subsidies reimburse insurers for reducing deductibles, co-payments and other out-of-pocket costs that low-income people pay when they visit doctors, fill prescriptions or receive care in hospitals. Even before efforts to repeal the Affordable Care Act collapsed in the Senate last month, Mr. Trump began...
  • Elon Musk Is A Very Creative Crony Capitalist

    08/08/2017 4:04:19 AM PDT · by EyesOfTX · 9 replies
    DB Daily Update ^ | 8.8.2017 | David Blackmon
    Elon Musk is a very creative guy. We all know it, and often admire it. He’s the guy who’s going to colonize Mars, the guy who’s going to roof your house with solar shingle and pave highways with solar pavers. He’s also the guy who is now bringing us the Tesla 3 electric motor car, his new, more compact and sporty model for which he claims to have already received 500,000 orders. It’s all so wonderful, and his giant PR operation issues about 27 press releases a week bragging about his every move. Well, ok, not quote every move. Here’s...
  • Elon Musk Admits to ‘Unrelenting Stress,’ Says he May Be Bipolar

    07/31/2017 10:16:10 PM PDT · by nickcarraway · 28 replies
    MarketWatch ^ | July 31, 2017
    Being a visionary billionaire and chief executive of three companies at once isn’t all fun and games, Elon Musk tweeted Sunday, describing “unrelenting stress” and suggesting he may be bipolar. Musk tweeted his replies to a number of questions on Twitter, starting with his response to a tweet that said he had “an amazing life.” “The reality is great highs, terrible lows and unrelenting stress,” Musk tweeted. “Don’t think people want to hear about the last two.” When someone else asked if he was bipolar, Musk replied “Yeah,” but then followed up with: “Maybe not medically tho. Dunno. Bad feelings...
  • U.S. SMASHES RECORD: Highest Production Of Lowest Quality Fuel In The World

    07/23/2017 9:24:41 PM PDT · by Lorianne · 28 replies
    Srsrocco Report ^ | 22 July 2017
    Yes, it’s true… the United States smashed another fuel production record this year. According to the U.S. Energy Information Agency (EIA), the country produced over one million barrels per day of this liquid fuel in the first six months of 2017. Unfortunately, this isn’t something to brag about. It would be wise just to keep this lil record to ourselves, rather than broadcast it loudly across the energy news wires and Mainstream media. Why do I say that? Because the U.S. produced a record 1.02 million barrels per day of corn-based ethanol, the lowest quality fuel in the world. Corn...
  • Here's Elon Musk's Plan to Power the U.S. on Solar Energy

    07/23/2017 6:20:06 AM PDT · by rktman · 182 replies
    inverse.com ^ | 7/16/2017 | Nick Lucchesi
    Tesla CEO Elon Musk — whose company makes electric cars and has a new solar roof panel division — reminded more than 30 state governors at the National Governors Association meeting this weekend exactly how much real-estate is needed to make sure America can run totally on solar energy. “If you wanted to power the entire United States with solar panels, it would take a fairly small corner of Nevada or Texas or Utah; you only need about 100 miles by 100 miles of solar panels to power the entire United States,” Musk said during his keynote conversation on Saturday...
  • Judicial Watch Asks Trump Administration to End Congressional Obamacare Exemption

    07/22/2017 11:53:07 AM PDT · by george76 · 32 replies
    Judicial Watch ^ | JUNE 23, 2017
    Judicial Watch requested the Trump administration stop members of Congress and their staff from unlawfully purchasing, with taxpayer subsidies, health insurance through the District of Columbia’s small business exchange. ... Because the ACA limits the purchase of insurance on a small business exchange to employees of small businesses – and Congress is not a small business – the ACA unequivocally requires that certain members of Congress and congressional employees purchase insurance on an individual exchange created either by their state of residence (or by the District, if they are a D.C. resident) or by the federal government for that state....
  • This Is What It's Like To Spend A Day With A Venezuelan Government Minder

    06/07/2017 5:56:04 AM PDT · by C19fan · 5 replies
    Buzz Feed ^ | June 6, 2017 | Karla Zabludovsky
    We were trying to count the people standing in a breadline when William Contreras arrived. The line was forming outside of a bakery in the Caracas run-down neighborhood of Catia, about 20 people long with a half dozen more sprinting past me and our photographer, Cristian Hernández. It was a perfect illustration of the desperate situation of a country that was, a few years ago, boasting of its oil-funded socialist prosperity. Contreras was our government minder, a bulky 50-year-old alderman with salt-and-pepper hair. When he pulled up to us, he seemed oblivious to the snaking line.
  • Subsidizing electric vehicles inefficient way to reduce CO2 emissions: study

    06/26/2017 7:00:02 AM PDT · by Lorianne · 11 replies
    Phys Org ^ | 22 June 2017
    Subsidizing the purchase of electric cars in Canada is an inefficient way to reduce greenhouse gas emissions that is not cost effective, according to a Montreal Economic Institute study released Thursday. "It's just a waste," said Germain Belzile, one of the authors of the study, which examined electric vehicle subsidies offered by Canada's two biggest provinces Ontario and Quebec, which can rise to as much as a third of a vehicle's purchase price, depending on the model. "Not only do these programs cost taxpayers a fortune, but they also have little effect on GHG emissions," he said. The government of...
  • Free College Too Expensive

    06/16/2017 9:29:27 AM PDT · by Academiadotorg · 19 replies
    Accuracy in Academia ^ | une 16, 2017, | Malcolm A. Kline
    If you are in a hole, don’t ask Bernie Sanders or Andrew Cuomo for help. They'll keep digging. "College tuition alone has shot up by more than 500 percent since 1985—more than health care, gasoline, and food prices," Jimmy Sengenberger, president and CEO of the Millennnial Policy Center in Denver, wrote in The Weekly Standard last month. "Student loan debt now totals more than $1.4 trillion and surpasses all other forms of consumer debt." "The College Board reports that tuition and fees for the 2016-2017 school year averaged $9,650 for in-state residents and $24,930 for out-of-state residents attending public four-year...
  • The Largest Loan in Ex-Im History Is Covered in the Clintons’ Fingerprints

    07/13/2015 8:40:02 AM PDT · by afraidfortherepublic · 10 replies
    The National Review ^ | 7-13-15 | Brendon Bordelon
    Few in the odd coalition of Left and Right pushing for reauthorization of the 81-year-old Export-Import Bank have been louder than Democratic presidential candidate Hillary Clinton. “It’s wrong that candidates for president, who really should know better, are jumping on this bandwagon,” she said at a May 22 campaign stop in New Hampshire. “It’s wrong, it’s embarrassing. . . . The idea that we would remove this relatively small but vital source of funding for our businesses to compete is absolutely backwards.” Clinton’s defense of Ex-Im may be motivated by more than mere concern for American businesses. Critics have argued...
  • Elon Musk vows to step down from White House councils if US leaves Paris accord

    06/01/2017 6:11:16 AM PDT · by rktman · 70 replies
    foxnews.com ^ | 6/1/2017 | Ryan Gaydos
    Elon Musk, the CEO of Tesla and SpaceX, threatened to leave two White House advisory councils should President Trump pull the U.S. out of the landmark Paris Climate Agreement. Musk said he will have “no choice” but to depart the councils if Trump makes the decision. Don't know which way Paris will go, but I've done all I can to advise directly to POTUS, through others in WH & via councils, that we remain.............
  • Forget “Dump Trump,” Trump Should Dump Musk

    04/27/2017 6:00:03 AM PDT · by Kaslin · 19 replies
    Townhall.com ^ | April 27, 2017 | Derek Hunter
    Wealthy investor Doug Derwin is spending a lot of his own money in an attempt to convince billionaire Elon Musk to step down from President Donald Trump’s business advisory council. Why? He doesn’t like Trump and doesn’t think business leaders should embrace the president because, well, he opposes him politically. Whatever the reason, it doesn’t matter; he’s opened the bank vault and is spending liberally to pressure Musk, who may or may not eventually capitulate. Whatever eventually comes of the pressure, President Trump should not wait to see if Musk will cave and remove him now. Nothing against Elon Musk, he’s...
  • Solar Company Gets $25 Million In Taxpayer Subsidies, Goes Bankrupt

    04/21/2017 8:56:30 AM PDT · by rktman · 30 replies
    dailycaller.com ^ | 4/20/2017 | Andrew Follet
    Solar company Suniva Inc. filed for bankruptcy Wednesday after receiving millions in government subsidies to manufacture solar panels. Suniva blamed its bankruptcy on competition from cheap Chinese-made solar panels, but the company received about $20 million in support from federal and state taxpayers, according to the Atlanta Journal-Constitution. “For many years, Chinese manufacturers of solar cells have benefited from favorable, state-sponsored financing and lower labor costs, allowing them to flood the United States market for solar cells and modules with cheap imports,” David Baker, the company’s restructuring officer, said in a statement. “This has negatively impacted manufacturers based in the...
  • State officials ask Congress to secure 'Obamacare' subsidies [NAIC]

    04/19/2017 5:14:36 PM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Apr 19, 2017 5:27 PM EDT
    State officials are asking Congress to guarantee billions of dollars in health insurance subsidies under a legal cloud as a result of Republican opposition to “Obamacare.” In a letter Wednesday to congressional leaders, the nonpartisan National Association of Insurance Commissioners said the so-called cost-sharing reductions are essential for keeping insurance markets stable next year. Insurers use the money to reduce deductibles and copayments for people with modest incomes. …