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Keyword: subsidies

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  • How Cruz Crushed Ethanol - "Hot d*mn!" a gentleman shouted from the back of the room.

    02/03/2016 11:23:25 PM PST · by Cincinatus' Wife · 94 replies
    February 3, 2016 | Eliana Johnson & Brendan Bordelon
    "There's an Iowa way of doing this, and the rest of the candidates did it the Iowa way," Majda Sarkic, a spokeswoman for the pro-ethanol group America's Renewable Future, told National Review days before the Iowa caucuses. All of the candidates except Ted Cruz, that is. In a highly unusual move for a man who sought, and ultimately won, the support of Iowa caucus-goers, Cruz didn't court, kowtow to, or bow down before King Corn. From the time they arrived in the Senate eyeing a presidential run three years ago, he and his advisers have known that his opposition to...
  • Here’s How Anti-Ethanol Cruz Beat Trump In Corn Country

    02/02/2016 8:47:21 AM PST · by justlittleoleme · 42 replies
    The Daily Caller ^ | 02/01/2016 | Michael Bastasch
    Republican Sen. Ted Cruz managed to snag Iowa’s heaviest corn-producing counties despite his opposition to federal mandates and subsidies for ethanol. Does this mean King Corn’s days are numbered in the Hawkeye State? Cruz snatched victory from challenger business mogul Donald Trump Monday night, but what’s most interesting is Iowa counties that grow the most corn supported the Texas senator despite his opposition to ethanol subsidies — ethanol is mostly made from corn.-snip-Trump also jumped on Cruz for his opposition to ethanol, warning Iowans Cruz would “destroy” the industry if he wins Monday night’s caucus.“He will destroy your ethanol business...
  • Iowa Voter Confronts Cruz on Farm Subsidies

    01/31/2016 11:19:49 AM PST · by justlittleoleme · 85 replies
    NBC News ^ | Sun, Jan 31
    Republican presidential candidate Ted Cruz explains why he opposes farm subsidies as well as biofuel mandates.
  • Obamacare enrollment projections down nearly 40 percent

    01/25/2016 2:37:40 PM PST · by PROCON · 29 replies
    washingtontimes ^ | Jan. 25, 2016 | Stephen Dinan
    Obamacare enrollment is lagging far behind what economists had projected, the Congressional Budget Office said in a new report that cuts the total number of customers expected to buy plans on the exchanges from 21 million down to just 13 million this year. Of those, 11 million will be getting government subsidies - down from the 15 million the CBO had projected just a year ago. The updated projections came as part of the CBO's 2016 budget outlook, and confirm the administration's own dim estimates of how many people would take advantage of the health exchanges, which are at the...
  • Branstad’s Ethanol Attack on Cruz: Will Iowans Choose Politics or Principle?

    01/21/2016 11:57:58 AM PST · by Cincinatus' Wife · 42 replies
    The National Review ^ | January 21, 2016 | Jeremy Carl
    Cruz tries for a respectable showing in Iowa with Trump and the governor against him There are few things that energy-policy experts of all political stripes can agree on - but one of them is that mandates and subsidies to promote the use of corn ethanol (a policy first implemented by Jimmy Carter) are wasteful boondoggles that harm our environment and food supply while imposing billions of dollars of hidden costs on consumers. However, most energy-policy experts are not running for president in the Iowa caucuses. Ted Cruz, however, is running in the Iowa caucuses, and this week he found...
  • Trump's Support for Ethanol Is Bad for Taxpayers and Their Cars

    01/21/2016 2:17:48 AM PST · by Cincinatus' Wife · 293 replies
    The National Review ^ | January 21, 2016 | Jillian Kay Melchior
    One of the most destructive environmental subsidies in the United States has found an enthusiastic supporter in Donald Trump. "The EPA should ensure that biofuel ... blend levels match the statutory level set by Congress," he said yesterday in Iowa, adding that he was "there with you 100 percent" on continuing federal support for ethanol. "You're going to get a really fair shake from me." The ethanol lobby has rigorously courted Trump since April, arranging to speak at least weekly, including at least three in-person meetings, in addition to an ethanol-plant tour, the Wall Street Journal reports. Trump's support for...
  • Donald Trump Turns to Ethanol to Fuel Fight With Ted Cruz

    01/20/2016 4:09:11 AM PST · by Cincinatus' Wife · 160 replies
    Wall Street Journal ^ | January 20, 2016 | Amy Harder and Beth Reinhard
    "...Corn has long been king in Iowa, the nation's top corn-producing state, implanting in Iowa voters a sentiment that every candidate must cheer Washington's backing for ethanol. Since 2011, though, that universal backing has been eroding. Congress decided at the end of 2011 not to renew a tax credit that cost the government $6 billion a year. Critics of the government’s ethanol policy then set their targets on the ethanol mandate, which requires refineries to blend an increasing amount of biofuels into the U.S. gasoline supply each year. At the ethanol summit Tuesday, Mr. Trump also read a prepared statement...
  • Trump calls for higher ethanol mandate

    01/19/2016 12:47:48 PM PST · by Nervous Tick · 359 replies
    The Hill ^ | 1/19/2016 | Timothy Kama
    Donald Trump said Tuesday that federal regulators should increase the amount of ethanol blended into the nation’s gasoline supply. Speaking at an event hosted by the Iowa Renewable Fuels Association, Trump, a real estate mogul and the front-runner for the Republican presidential nomination, said the Environmental Protection Agency (EPA) ought to follow the ethanol volumes Congress set in 2007. “The EPA should ensure that biofuel ... blend levels match the statutory level set by Congress under the [renewable fuel standard],” Trump said. The mandate is popular in Iowa, which hosts the nation's first caucuses.
  • Iowa Gov. Terry Branstad: Cruz must be defeated

    01/19/2016 11:03:16 AM PST · by GIdget2004 · 150 replies
    Politico ^ | 01/19/2016 | Eliza Collins
    Iowa Gov. Terry Branstad would like to see Ted Cruz defeated, he said on Tuesday. The Iowa governor, whose powerful network of supporters is a prized political commodity, was speaking to reporters at the Iowa Renewable Fuels Summit. Branstad's son Eric is leading efforts to portray the Texas senator as hostile to ethanol, a narrative Cruz has been trying to stifle in recent weeks. Asked if he'd like the Texas senator to lose, Governor Branstad said, "Yes." "I think it would be very damaging to our state," he continued, according to Iowa's Channel 13 news. "I believe it would be...
  • [Ted Cruz] Refusing to Kiss King Corn's Ring in Iowa

    01/18/2016 12:43:04 AM PST · by Cincinatus' Wife · 34 replies
    The National Review ^ | January 17, 2016 | John Fund
    For more than 30 years, Iowa's obsession with its ethanol fuel industry has played an outsize role in its presidential caucuses. The winner of every caucus in both parties during that period has strongly backed federal subsidies or mandates for the corn-grown fuel. That winning streak could end this year if Senator Ted Cruz takes Iowa. Polls currently show him with a narrow lead. In 2008, Fred Thompson told me he didn't see merit in subsidizing one fuel over another, but in Iowa's GOP caucus that year "opposing ethanol was like pushing against a mountain." Hillary Clinton voted against ethanol...
  • The Corn Lobby Goes All Out to Keep its (Taxpayer Funded) Goodies

    01/08/2016 1:57:40 PM PST · by Isara · 20 replies
    The Resurgent ^ | January 8, 2016 | Ken Cuccinelli
    “If any candidate you're considering won't go to Iowa and tell Iowans that Big Corn's special status needs to end, why do you think he or she will go to Washington and tell the other ten thousand special interest groups that their special goodies need to come to an end?”Are you completely, totally, thoroughly repulsed, disgusted, furious, mortified, mystified, and aghast at how special interests seem to control Washington while ordinary Americans like you and I pay for their goodies on a seemingly endless basis? To paraphrase the late, great Jerry Reed – they get the goldmine and we get...
  • The Iowa Corn Lobby is Following Ted Cruz Around Like a Bunch of Spoiled Children

    01/04/2016 12:40:02 PM PST · by Isara · 60 replies
    Red State ^ | January 4th, 2016 | Leon H. Wolf
    Conventional wisdom says that you cannot win Iowa without kissing the pinky ring of the Iowa corn lobby and pledging your fealty to the Renewable Fuel Standard (RFS), the anti-science policy which is bad for the environment, fuel mileage, and America at large. Iowa’s traditional role as the first Presidential contest for both parties basically ensures that anyone with even a whiff of Presidential ambition has largely taken a pass at criticizing a policy which is a bad idea for everyone except an extremely well-connected group of corn farmer lobbyists.Ted Cruz has been challenging all that with his current Presidential...
  • Obama's proposed high-speed rail network stuck in station

    12/20/2015 2:12:48 PM PST · by jazusamo · 29 replies
    The Hill ^ | December 20, 2015 | Keith Laing
    President Obama is entering his final year in office with one of his most ambitious first term promises -- a nationwide network of high speed railways -- largely unfilled. Obama spoke frequently in his first term about developing the network. He imagined a U.S. rail system that would rival the interstate highway system, citing similar train systems in European countries that are widely popular. Obama included $8 billion in his 2009 economic stimulus package to jump start the high-speed rail program in the U.S. But seven years later, Obama has little to show for the effort. His stimulus offer was...
  • Limbaugh, Levin Weigh In On Trump's Flawed Ethanol Stance

    12/19/2015 7:49:48 AM PST · by conservativejoy · 51 replies
    Hot Air ^ | 12/15/2015 | Jazz Shaw
    Last week I brought up the sticky question of how King Corn was investing big dollars in going after Ted Cruz over his rejection of government subsidies for ethanol and the Renewable Fuel Standard and the fact that Donald Trump had taken a very different position on the subject. In fact, he not only seemed to come out in favor of ethanol subsidies, but used that as a line of attack against Ted Cruz. (One of the only candidates to consistently be on the right, conservative side of this question.) Well, I wasn't the only one to notice this. Two...
  • Iowa voters have given up on ethanol; presidential candidates are following suit

    12/17/2015 11:43:19 PM PST · by 2ndDivisionVet · 15 replies
    The Los Angeles Times ^ | December 17, 2015 | Evan Halper
    The fortunes of the wonder fuel that promised to help clean the environment, secure America and save small family farms have steadily dwindled as environmentalists, food advocates and auto enthusiasts sour on its promise. Now that fuel, corn-based ethanol, finds itself threatened with a defection that was once unthinkable: Iowa voters. The electorate here in the early voting state often defined by its vast expanses of corn has long demanded that candidates pledge allegiance to government production mandates for millions of gallons of ethanol, the homegrown product. But as the 2016 White House hopefuls traverse the state, they are seeing...
  • In surprise move, Congress extends renewable energy tax credit [anyone surprised?]

    12/18/2015 9:19:16 AM PST · by o_1_2_3__ · 5 replies
    Computerworld ^ | Dec 17, 2015 1:57 PM PT | By Lucas Mearian
    Just two weeks before it was set to expire, a tax credit for installing renewable energy systems, such as solar and wind power, has been extended for five years by Congress. The U.S. government's investment tax credit (ITC), which went into affect in 2006, was the main catalyst for growth of solar installations in the U.S. The ITC offers a tax credit equal to 30% of a solar or wind project's costs.
  • Chevy Volt 'Father' Bob Lutz Changes Tune on Electric Vehicles

    12/14/2015 10:49:04 AM PST · by jazusamo · 32 replies
    NLPC ^ | December 14, 2015 | Mark Modica
    When Bob Lutz speaks, automotive journalists listen. Well, at least they usually do. When a recent Automotive News roundtable discussion showed Lutz blasting General Motors' Chevy Bolt (and electric vehicles like it), mainstream journalists failed to pick up on the story. Lutz was right on the money when he exposed the EV folly, which is costing automakers billions of dollars and driving up prices of conventional, gas-powered vehicles. Bob Lutz certainly has credibility in the automotive world. As an ex-GM executive he was known as the father of the Chevy Volt, a taxpayer-subsidized vehicle that I have had plenty...
  • Cruz for President Campaign Asks Radio Stations to Pull False Attack Ads Running in Iowa

    12/01/2015 4:44:21 PM PST · by Isara · 45 replies
    TedCruz.org ^ | 12/01/15
    Ad Makes Bogus Claim About Cruz Support for Oil SubsidiesHOUSTON, Texas - The Cruz for President Campaign today sent a letter to Iowa radio stations requesting they stop running a false ad placed by America's Renewable Future, a lobbyist group that wants to keep taxpayer subsidies going to the ethanol industry.The ad falsely claims, "Politicians like Ted Cruz support subsidies for Big Oil, but want to end support for ethanol.""It is blatantly false to suggest that Sen. Cruz wants to end the Renewable Fuel Standard while maintaining subsidies for oil," Cruz spokesman Rick Tyler said. "Cruz has repeatedly stated that...
  • Do Not Assume Economic Development Spending is Effective

    11/23/2015 1:29:51 PM PST · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 11/22/2015 | James Hohman
    In The Detroit News, business columnist Dan Howes cites a real estate developer in arguing for more spending on state economic development: “It’s not competitive,” says Albert Berriz, CEO of McKinley Inc., an Ann Arbor-based real estate investor with a $4.6 billion portfolio spanning 33 states. “It’s a nuclear arms race, and everyone wants to put you out of business. We need to talk less and win more.” The problem is that economic development spending is an ineffective way to grow the economy. Taking money from taxpayers to spend on the programs has an economic effect as well. Numerous studies...
  • Ethanol loses its few friends: Even Dr. Ben Carson has backed away from subsidies and mandates

    11/21/2015 1:54:16 PM PST · by george76 · 50 replies
    CFACT ^ | November 17, 2015 | Marita Noon
    in a major policy reversal, Carson .. no longer supports subsidies for any industry, including U.S. ethanol producers ... Plainly irritated, the ethanol industry shot back immediately, saying it receives no government subsidies. But it neglected to mention a very important fact. Instead of subsidies, ethanol producers get something better: a mandate that orders refiners to blend ethanol into motor fuels which forces consumers to buy their product. A federally guaranteed market beats a subsidy every time. The ethanol industry also benefits indirectly from agriculture programs that support farmers who grow corn for ethanol ... In attempt to push more...
  • 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...
  • Tesla Mounts A Self-Serving Push For Tougher Fuel Economy Standards

    08/07/2015 5:31:52 PM PDT · by jazusamo · 33 replies
    Investors.com ^ | August 7, 2015 | IBD Editorial
    Crony Capitalism: Not content with the billions it gets in government help, Tesla Motors now wants tougher fuel economy standards that would cripple its competitors. Is this what passes for entrepreneurship today? In 2012, President Obama announced a new "Corporate Average Fuel Economy" standard that will require all the cars each automaker sells to get an average 54.5 miles per gallon by 2025. Given the lead time that automakers need to design and test new cars, they now have only a few years to figure out how to achieve that goal. And since there are only a couple non-plug-in cars...
  • So Long Film Subsidies

    08/04/2015 8:46:13 AM PDT · by MichCapCon · 9 replies
    Michigan Capitol Confidential ^ | 8/2/2015 | James Hohman
    The state will no longer offer new film productions taxpayer money to shoot movies in Michigan. This is an incredible development considering that film incentives passed with only one dissenting vote just seven years ago. Now that policymakers have acknowledged some limits on profligacy in the name of economic development, there are other programs that ought to be reviewed as well. A few contenders immediately come to mind. The 21st Century Jobs Fund programs have constantly changed strategies since its creation in 2005. The programs have made early-stage company grants, battery plant subsidies, matching fund grants, incubator assistance, mezzanine financing...
  • Charles Koch Urges Conservatives to Skip Corporate Welfare

    08/01/2015 11:19:38 PM PDT · by Cincinatus' Wife · 31 replies
    Time ^ | August 1, 2015 | Philip Elliot
    Conservative billionaire Charles Koch told his ultra-rich friends that they face a life and death decision whether to keep lobbying for tax breaks and government subsidies. Business leaders (must) recognize that their behavior is suicide, that it is suicide long term. To survive, long-term, they have to start opposing, rather than promoting, corporate welfare, Koch told about 450 allies at an Orange County, Calif., summit that began Saturday. ....Obviously, this prescription will not be an easy pill for many business people to swallow. Because short term, taking the principled path is going to cost some companies some profits, as it...
  • Obama poised to give financial aid to federal, state prisoners

    07/27/2015 2:13:26 PM PDT · by GIdget2004 · 30 replies
    Politico ^ | 07/27/2015 | Allie Grasgreen
    More prisoners may soon have access to federal subsidies to pay for college under a new Obama administration initiative, ending a 20-year ban on Pell grants for state and federal prisoners. The move could come as soon as this week. Education Secretary Arne Duncan and Attorney General Loretta Lynch are scheduled to visit Goucher Colleges Prison Education Partnership at the Maryland Correctional Institution in Jessup on Friday, to make an important announcement related to federal aid. On Monday, Duncan said that restoring Pell eligibility for those potential students is one way his agency hopes to increase college affordability. Well have...
  • Would Ford Leave Michigan if Not for a Handout from the State?

    07/22/2015 9:50:45 AM PDT · by MichCapCon · 20 replies
    Michigan Capitol Confidential ^ | 7/21/2015 | Jarrett Skorup
    In a recent story in MLive, the Michigan Economic Development Corporation is given credit for "retaining" 40,200 jobs in Michigan when it awarded two MEGA tax credits to the Ford Motor Company. The story reports: " in the end the two credits were supposed to retain up to 40,200 jobs. ForTheRecord says: At the time of the agreement in 2010, the MEDC reported that Ford had 36,720 employees in Michigan. Ford Motor Co. estimates there are 40,000 employees in Michigan currently. That means the MEDC is taking credit for retaining every job in the Ford Motor Company. Would the company...
  • Tesla, Nissan Take Financial Hits as States Remove EV Subsidies

    07/02/2015 1:19:55 PM PDT · by jazusamo · 12 replies
    NLPC ^ | July 2, 2015 | Paul Chesser
    Its been six years sinceelectric vehiclemanufacturers enjoyed their windfall from U.S. taxpayers via the stimulus, but the thirst for subsidies, and pain from financial losses, have not waned. The pursuit of government goodiescontinues apace forTesla Motors, even more vigorously after the Los Angeles Timesreported last month that CEO Elon Musk depends on more than $4.9 billion in corporate welfare for his companies, which also include SolarCity and SpaceX. Teslas quest may more accurately be portrayed as preservation of the golden goose that is Californias zero-emission vehicle (ZEV) credit scheme. The Golden State requires the six largest auto manufacturers to...
  • Five lingering threats to ObamaCare

    06/30/2015 5:42:54 AM PDT · by Cincinatus' Wife · 24 replies
    The Hill ^ | June 30, 2015 | Peter Sullivan with Sarah Ferris
    The White Houses victory at the Supreme Court last week removed a major threat to ObamaCare that could have rolled back coverage for 6.4 million people. President Obama declared after the ruling that the law has been woven into the fabric of America, while allies said the new insurance program and its related policy changes are here to stay. But the law is hardly out of the woods. The battle of public opinion over the Affordable Care Act rages on, with Republicans expressing confidence they will ultimately prevail. Here are five remaining threats to Obamas signature domestic program. 1.) RepealRepublicans...
  • Supreme Courts White Lie on Obamacare

    06/29/2015 1:02:21 AM PDT · by Cincinatus' Wife · 10 replies
    The American Spectator ^ | June 28, 2015 | Debra J. Saunders
    ".............................Between a rock and a hard place, Roberts argued that Congress surely never meant to cut out subsidies in states without their own exchanges, because it would destabilize the individual insurance market in any State with a Federal Exchange, and likely create the very death spirals that Congress designed the Act to avoid.I sympathize, but Roberts has to know hes wrong. Jonathan Gruber,an MIT economist who advised the White House, explained during a 2012 speech that the federal law limited subsidies to enrollees of state exchanges in order to squeeze states to act. Quoth Gruber,If youre a state and you...
  • Supreme Court Caves on Obamacare Again

    06/25/2015 12:57:30 PM PDT · by rootin tootin · 32 replies
    American Spectator ^ | 6/25/2015 | David Catron
    The Supreme Court had an opportunity, with its ruling in King v. Burwell, to determine whether the United States is a nation of laws or of men. Today, in a 6-3 decision, the Court ruled that we have devolved into the latter. Although the text of the Patient Protection and Affordable Care Act (a.k.a. Obamacare) clearly states that the government may issue subsidies only through insurance exchanges established by the states, Obama administration bureaucrats unilaterally rewrote that part of the law so that the IRS could dispense such premium assistance through marketplaces created by the federal government. The plaintiffs in...
  • BREAKING: Healthcare subsidies upheld by SCOTUS

    06/25/2015 7:09:40 AM PDT · by GIdget2004 · 614 replies
    SCOTUS Blog ^ | 06/25/2015 | SCOUTSBLOG
    Six are the Chief, Kennedy, Ginsburg, Breyer, Sotomayor, and Kagan.
  • Congressional GOP plans to continue health law subsidies

    06/17/2015 9:25:30 PM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Jun 17, 2015 6:15 PM EDT | Alan Fram and Erica Werner
    Congressional Republicans will move to temporarily continue health care subsidies for millions of people if the Supreme Court overturns the aid, according to plans discussed Wednesday in the House and Senate. In addition, the GOP proposals would dissolve many of the basic requirements of President Barack Obamas health care law, including mandates that most people buy coverage and most companies provide it to their workers, Republicans said. Eventually, they hope, the entire law would be repealed. Should the justices annul the subsidies, which are a crucial girder of the 2010 law, GOP leaders hope their plans would let them take...
  • Loss of Health Care Subsidies Would Impact South More than Anywhere Else

    06/16/2015 4:16:08 PM PDT · by Up Yours Marxists · 9 replies
    The Telegraph (Macon) ^ | June 16, 2015 21:23 UTC | Tony Pugh
    WASHINGTON (...) The U.S. Supreme Court will soon decide whether the subsidies can continue for 6.4 million people in 34 states who use the federal insurance marketplace at HealthCare.gov. (...) More than 4.1 million people, or nearly two out of three who could lose their subsidies in the case this year, live in just 13 Southern states Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia and West Virginia. Read more here: http://www.macon.com/2015/06/16/3799971/loss-of-health-care-subsidies.html#storylink=cpy
  • Feds Cant Verify $2.8 Billion in Obamacare Subsidies

    06/16/2015 3:07:29 PM PDT · by Signalman · 24 replies
    freebeacon.com ^ | 6/16/2015 | Elizabeth Harrington
    The federal government cannot verify nearly $3 billion in subsidies distributed through Obamacare, putting significant taxpayer funding at risk, according to a new audit report. The Department of Health and Human Services (HHS) Office of Inspector General (OIG) released an audit Tuesday finding that the agency did not have an internal system to ensure that subsidies went to the right enrollees, or in the correct amounts. [The Centers for Medicare and Medicaid Services] CMSs internal controls did not effectively ensure the accuracy of nearly $2.8 billion in aggregate financial assistance payments made to insurance companies under the Affordable Care Act...
  • "Job-creating" ObamaTrade Requires Subsidies for Displaced U.S. Workers

    06/14/2015 9:58:19 AM PDT · by VitacoreVision · 27 replies
    The New American ^ | 12 June 2015 | C. Mitchell Shaw
    Establishment Republicans, working closely with the White House, have been pushing a triad of trade agreements that, if enacted into law, are supposed to create jobs. Yet even proponents of the agreements acknowledge they will also cost many Americans their jobs. The content of the agreements the Trans Pacific Partnership (TPP), the Trade in Service Agreement (TISA), and the Transatlantic Trade and Investment Partnership (TTIP) has been kept hidden from the American people.In fact, even members of Congress have been able to view only the TPP thus far if they go to a secret room to view...
  • Going for the Golden Climate Change Dollars - "Bootlegger and Baptist"

    06/11/2015 9:12:44 AM PDT · by Cincinatus' Wife · 6 replies
    E21 - Economic Policies ^ | William O'Keefe
    In 1848, the discovery of gold in California lead to one of the most dramatic population shifts in US history. People hoping to strike it rich migrated from all over the country, South America, and even as far as China. The non-native American population of California went from under 1,000 to over 100,000 in a little over one year. Today, there is another gold rush taking place in Washington D.C. as political entrepreneurs seek to strike it rich by mining the climate change mother lode. According to the 2013 Federal Climate Change Expenditures Report to Congress, the Federal Government is...
  • Republicans fear they will win ObamaCare court battle

    06/09/2015 11:13:42 AM PDT · by SeekAndFind · 58 replies
    The Hill ^ | 06/09/2015 | Alexander Bolton
    Republicans in Congress are worried the Supreme Court will hand them a major headache this month if it rules against the federal health insurance exchanges in more than 30 states, ending subsidies for millions of people. While the Affordable Care Act remains broadly unpopular, two new polls show a majority of Americans dont want to do away with its subsidies, a core component of the law. This poses a conundrum for Senate Majority Leader Mitch McConnell (R-Ky.) and Speaker John Boehner. They are under pressure from colleagues up for reelection in swing states and districts to extend the subsidies, at...
  • Thunes just the beginning: GOP will blame Obama if SCOTUS guts health reform itll probably work

    06/09/2015 11:16:29 AM PDT · by Cincinatus' Wife · 62 replies
    Salon ^ | June 9, 2015 | Jim Newell, covers politics and media for Salon.
    But heres another way it might play out: health insurance premiums will soar, people will be unable to afford coverage, and the public will blame it on President Obama and the Democrats, because they passed this law in 2010 and suddenly health insurance is really expensive. Thing A happened, and now thing B happened, so Thing A must have been a terrible idea. Republicans will say, look at how much the IN-surance costs now! as part of their pitch for electing a Republican president who would eliminate this original sin from the federal code. Republicans always suffer in government shutdowns...
  • Elon Musk Defends His Companies' Subsidies

    06/05/2015 9:20:58 AM PDT · by jazusamo · 32 replies
    NLPC ^ | June 5, 2015 | Paul Chesser
    Alt-energy/transport-tech CEO Elon Musk and his trio of companies (Tesla,SolarCity andSpaceX) didnt cooperate with the Los Angeles Times on its article that tabulated his businesses whopping sum of corporate welfare ($4.9 billion) , and he was predictably miffed by the (accurate) portrayal. So he went about trying to fix things on CNBC and with the Times on Monday, but not by denying the conclusions reached by reporter Jerry Hirsch, but instead by essentially pointing at fossil fuel industries and saying they do it more. If I cared about subsidies, Musk told Hirsch in a follow-up to his Sunday expose,...
  • GOP open to extending ObamaCare subsidies(if the Supreme Court cripples the law)

    06/04/2015 6:08:23 AM PDT · by Enlightened1 · 28 replies
    The Hill ^ | 06/04/15 | Peter Sullivan
    House conservatives are hinting at support for a temporary extension of Obama-Care subsidies if the Supreme Court cripples the law, even as they set up a working group to develop their own plan. The high court is set to rule later this month in the case of King v. Burwell, which could invalidate subsidies for millions of people in at least 34 states using the federally run marketplace. Republicans say they need to be ready to address people losing their coverage, but have yet to coalesce around a plan.
  • Taxpayer Subsidies Keep Elon Musk's Companies Afloat

    06/02/2015 11:24:42 AM PDT · by jazusamo · 16 replies
    NLPC ^ | June 2, 2015 | Paul Chesser
    Well, somebody did it, and it was the mainstream media. Congratulations to the Los Angeles Times for taking the time to research and estimate the total amount of U.S. public (local, state, and federal) subsidies for companies owned or run by South African-born Canadian-American Elon Musk. The total amount calculated by reporter Jerry Hirsch for taxpayer-backed incentives of many different forms, including tax credits and rebates provided to customers was $4.9 billion. The corporate beneficiaries have been Tesla Motors and SpaceX, where Musk is CEO, and SolarCity Corp., where he is chairman. The sum does not include SpaceXs...
  • A Reaganesque solution to the Ex-Im Bank dilemma

    05/27/2015 8:45:30 PM PDT · by Tolerance Sucks Rocks · 5 replies
    The Washington Times ^ | May 26, 2015 | John R. Bolton
    Opposition to the U.S. Export-Import Bank (Ex-Im) is now at the point where the banks reauthorization is genuinely in doubt. Spurred by accusations of corporate welfare, crony capitalism and outright corruption, opponents believe the Ex-Im Banks palpable violation of free-market principles fully warrants its early demise. The Ex-Im Banks critics have their economics entirely correct, but they have their geopolitics wrong. Their solution simply terminating the bank is appealing but counterproductive. What America should do, under a president with the wit to do it, is negotiate the global elimination of export credits (as these subsidies are generically known)....
  • Scott Walker On The Dana Show 5-22-15

    05/22/2015 12:56:54 PM PDT · by Cincinatus' Wife · 1 replies
    FM News Talk ^ | May 22, 2015 | Dana
    29:00 [click on picture then click on red dot to listen]
  • Incentive Policies Fooled by Job Turnover

    05/19/2015 6:13:13 PM PDT · by MichCapCon
    Michigan Capitol Confidential ^ | 5/14/2015 | James Hohman
    Last month, the Michigan House Tax Policy committee heard testimony about the states economic incentive programs. The usual justification for giving selective favors to particular firms was trotted out: Other states will capture these projects if this state does not distribute taxpayer cash to companies and developers. Without special incentives, proponents argue, Michigan is doomed to fall behind. Yet this rationale reveals a fundamental misunderstanding of how the economy works. Monthly job reports suggest that Michigans economy grows or shrinks very slightly from month to month, but this data hides the massive amount of job creation and job loss that...
  • IMF Attempts to Hide True Cost of Renewables by Claiming Fossil Fuels Receive Large Subsidies

    05/18/2015 11:39:11 AM PDT · by bestintxas · 10 replies
    breitbart ^ | 5/18/15 | Donna Rachel Edmunds
    Fossil fuel companies are benefiting from a global subsidy of 3.4 trillion a year, the International Monetary Fund has declared. The figure dwarfs that of government handouts for renewable energies, which amount to 77 billion a year. But closer inspection reveals the fossil fuel related sum not to be a subsidy, as it amounts to nothing more than the alleged costs to governments of dealing with fossil fuel pollution. The IMF have insisted that their figure is shocking, but extremely robust, and are using it to lobby for an end to subsidies for fossil fuel companies on both health and...
  • Fossil fuels subsidised by $10m every minute, says IMF

    05/18/2015 9:09:02 AM PDT · by kingu · 20 replies
    Guardian UK ^ | Monday 18 May 2015 09.30 EDT | Damian Carrington
    Fossil fuel companies are benefitting from global subsidies of $5.3tn (3.4tn) a year, equivalent to $10m every minute of every day, according to a startling new estimate by the International Monetary Fund. The IMF calls the revelation shocking and says the figure is an extremely robust estimate of the true cost of fossil fuels. The $5.3tn subsidy estimated for 2015 is greater than the total health spending of all the worlds governments. The vast sum is largely due to polluters not paying the costs imposed on governments by the burning of coal, oil and gas. These include the harm caused...
  • Subsidizing and price fixing us into the poorhouse

    05/18/2015 4:58:07 AM PDT · by HomerBohn · 9 replies
    Personal Liberty ^ | 5/18/2015 | Bob Livingston
    The whole of economics can be reduced to a single lesson, and that lesson can be reduced to a single sentence. The art of economics consists in looking not merely at the immediate but the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups. Henry Hazlitt, Economics in One Lesson One of the greatest fallacies of recent generations is the argument that free market capitalism has failed and that said failure is responsible for Americas moribund economy, the ongoing destruction of the middle...
  • Dem rep: Amtrak needs $117 'billion with a B'

    05/16/2015 3:19:15 PM PDT · by jazusamo · 57 replies
    The Hill ^ | May 16, 2015 | Mark Hensch
    Rep. Chaka Fattah (D-Pa.) estimated Saturday that Amtrak would require $117 billion for improvements to its Northeast Corridor following a fatal crash on that line earlier this week. If were going to have passenger rail, were going to need to make it safe and make it efficient, he told The Billy Penn. Its going to require investment, he added, predicting Amtrak would need $117 billion with a B for reaching optimal safety and speed along its Northwest Corridor. Fattah, a senior member of the House Appropriations Committee, criticized Republicans for opposing additional funding measures for Amtrak. One party thinks...
  • Race, Socioeconomics and Funding

    05/14/2015 7:51:32 AM PDT · by Academiadotorg · 3 replies
    Accuracy in Academia ^ | May 14, 2015 | Nick Kowalski
    At the South by Southwest education conference in Austin, Texas recently, on a panel entitled Whats Next for Access and Affirmative Action? administrators such as Anne-Marie Nunez from the University of Texas (UT) system revealed some of their thought processes. Nunez, an associate professor of Educational Leadership and Policy Studies at UT, San Antonio, explained that one of her projects included an initiative designed for Latina immigrants in California. When underrepresented minority students were instructed to think about sociopolitical issues, they began to build more of a sense of entitlement, she said, adding that it is a different kind of...
  • States Scramble for Plan B Ahead of Court Ruling on Obamacare

    05/12/2015 11:09:45 AM PDT · by Jim Robinson · 33 replies
    Fiscal Times ^ | May 11, 2015 | BY BRIANNA EHLEY
    With less than one month to go until the Supreme Court issues a ruling in King v. Burwell -- the case that could dismantle Obamacare -- some states are preparing contingency plans to avert a disaster if the court strikes down access to federally subsidized health care for their residents. If the Court rules against the administration and says that language in the Affordable Care Act only provides subsidies to people enrolled in coverage in states that set up their own marketplaces, some 7.5 million people in the 34 states relying on the federal exchange would lose their subsidized coverage...