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Keyword: subsidies

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  • A Reaganesque solution to the Ex-Im Bank dilemma

    05/27/2015 8:45:30 PM PDT · by Tolerance Sucks Rocks · 2 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 bank’s reauthorization is genuinely in doubt. Spurred by accusations of corporate welfare, crony capitalism and outright corruption, opponents believe the Ex-Im Bank’s palpable violation of free-market principles fully warrants its early demise. The Ex-Im Bank’s 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 state’s 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 Michigan’s 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 Ł3.4 trillion a year, the International Monetary Fund has declared. The figure dwarfs that of government handouts for renewable energies, which amount to Ł77 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 (Ł3.4tn) 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 world’s 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 America’s 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 we’re going to have passenger rail, we’re going to need to make it safe and make it efficient,” he told The Billy Penn. “It’s 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 “What’s 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...
  • How Five Republicans Let Congress Keep Its Fraudulent...

    05/07/2015 3:52:41 PM PDT · by qaz123 · 6 replies
    National Review Online ^ | 7May15 | Brendan Bordelon
    The rumors began trickling in about a week before the scheduled vote on April 23: Republican leadership was quietly pushing senators to pull support for subpoenaing Congress’s fraudulent application to the District of Columbia’s health exchange — the document that facilitated Congress’s “exemption” from Obamacare by allowing lawmakers and staffers to keep their employer subsidies. Read more at: http://www.nationalreview.com/article/418055/how-five-republicans-let-congress-keep-its-fraudulent-obamacare-subsidies-brendan
  • This Empire of the Sun Is Built on the Shifting Sands of Subsidies

    04/14/2015 3:37:02 PM PDT · by Kaslin · 15 replies
    Townhall.com ^ | April 14, 2015 | David Williams
    One can’t help but be impressed by the seemingly great strides solar energy has been making of late. Bullish reports abound of added capacity, aggressive expansion, technical advances and a solar jobs boom. Industry elites engage in bold financial maneuvers that would make Gordon Gekko proud. But don dark enough shades to see through the media-generated glare, and the picture looks less sunny -- and sometimes maybe a little shady. The boom -- some might even call it a “bubble” -- America’s solar energy industry is enjoying stems neither from overwhelming competitive-market success nor from long-promised technological breakthroughs that finally...
  • Three Reasons Why Michigan Should End Film Incentives

    04/09/2015 9:47:52 AM PDT · by MichCapCon · 10 replies
    Michigan Capitol Confidential ^ | 4/7/2015 | Jarrett Skorup
    The Michigan House recently passed House Bill 4122 which would end the state’s film incentive program. The legislation now moves on to the Senate. But Senate Majority Leader Arlan Meekhof, R-West Olive, has raised concerns about ending the subsidy. And Gov. Rick Snyder, who previously proposed eliminating the subsidies, now says he doesn’t believe ending the program abruptly is an “appropriate answer.” So those are the obstacles standing in the path of terminating payouts to Hollywood. The good news is that it is believed most Michigan Senators want to end the subsidies. There may end up being an agreement between...
  • Reduce Out-of-Control College Costs by Ending Government Subsidies

    04/06/2015 11:35:25 AM PDT · by Kaslin · 8 replies
    Townhall.com ^ | April 6, 2015 | Daniel J. Mitchell
    IÂ’ve written many times about the shortcomings of government schools at the K-12 level. We spend more on our kids than any other nation, yet our test scores are comparatively dismal. And one of my points, based on this very sobering chart from one of my Cato colleagues, is that AmericaÂ’s educational performance took a turn in the wrong direction when the federal government became more involved starting about 40-50 years ago. Well, the same unhappy story exists in the higher-education sector. Simply stated, thereÂ’s been an explosion of spending, much of it from Washington, yet the rate of return...
  • Who Will Be Blamed for <i>King v. Burwell</i> ‘Chaos’?

    04/06/2015 4:38:42 AM PDT · by rootin tootin · 13 replies
    American Spectator ^ | 4/6/2015 | David Catron
    A Supreme Court ruling against the Obama administration in King v. Burwell, according to conventional Beltway wisdom, will create serious political problems for governors and legislators in the 34 states that declined to set up Obamacare insurance exchanges. Most of these officials are Republicans, the thinking goes, and will thus be blamed for letting petty partisanship deprive their constituents of subsidies while plunging state insurance markets into chaos. Public wrath, we are told, will eventually force them to create PPACA exchanges. However, a new voter survey conducted in the affected states suggests that this is very unlikely to occur. According...
  • More Aid and Subsidy for Billionaires -- Who's For It?

    03/22/2015 9:52:24 AM PDT · by Kaslin · 7 replies
    Townhall.com ^ | March 22, 2015 | Paul Jacob
    Big government rests upon myths, and the people who support it necessarily believe things about politics and society — and themselves — that simply aren’t true. This week, a new report from the Government Accountability Office shows just who benefits from federal crop insurance subsidies: big businesses, billionaires, and the like. It’s not primarily the “little guy” or “the small family farm” of American agrarian mythology. It’s the people for whom progressives usually seethe with hatred. Those on the left must either oppose their “progressive” programs or get over their alleged opposition to “the rich.” “Liberals,” “progressives” and other political...
  • 80,000 ObamaCare tax forms on hold

    03/20/2015 12:46:01 PM PDT · by Cincinatus' Wife · 7 replies
    The Hill ^ | March 20, 2015 | Peter Sullivan
    The Obama administration announced Friday that 80,000 corrected tax forms for people on plans through ObamaCare have still not gone out. It's unclear how many people will be affected by the delay, but the administration said people who have not received the corrected forms do not have to wait to file their taxes and will not have to pay any additional tax due to the effort. The issues stem from the announcement last month that 800,000 people on insurance plans through ObamaCare received incorrect tax information. At the time, the administration said forms with corrected information would be sent out...
  • The Sum of All Obamacarian Fears

    03/16/2015 4:35:17 AM PDT · by rootin tootin · 3 replies
    American Spectator ^ | 3/16/2015 | David Catron
    If you carefully consider the claims of Obamacare’s defenders in King v. Burwell you will discover that their worst fear, sanctimonious pretense notwithstanding, is not the loss of insurance subsidies for some Americans. The most terrifying prospect for proponents of PPACA is that the Court will let Congress clean up its own mess. They do not want our elected representatives to have another chance to consider the will of the voters while revising Obamacare ... Nothing scares Obamacarians more than the will of the people.
  • ‘Game The system’? Nonprofits, Including Farrakhan-Tied Group, Enjoy Windfall From Farm Subsidies

    03/09/2014 5:13:21 PM PDT · by blam · 12 replies
    Fox News ^ | 3-9-2014 | Emily Boyd Walker
    'Game The system’? Nonprofits, Including Farrakhan-Tied Group, Enjoy Windfall From Farm Subsidies Published March 09, 2014 FoxNews.com, Emily Boyd Walker Several nonprofits that have little to do with farming or are in poor standing with their local governments have been receiving hundreds of thousands of dollars in farm subsidies over the past decade, federal records show. They include an Islamic charity tied to Nation of Islam leader Louis Farrakhan, a Midwestern group devoted to waterfowl habitat, and a major conservation group with few farms to its name. The group tied to Farrakhan, called the Three Year Economic Saving Program, has...
  • 7.7M ObamaCare customers qualify for subsidies in 2015 ($2 billion per month)

    03/10/2015 5:11:22 PM PDT · by Libloather · 16 replies
    The Hill ^ | 3/10/15 | Sarah Ferris
    Nearly nine in 10 people who signed up for healthcare from the federal government this year qualify for subsidies, the Obama administration announced Tuesday. A total of 7.7 million people would receive subsidies this year in the roughly three-dozen states using HealthCare.gov – a figure that has held steady since ObamaCare's first year. The Obama administration touted the figure Tuesday to show that the vast majority of people in states using the federal exchange rely on subsidies as the Supreme Court weighs a case that could eliminate them. A total of 34 states using HealthCare.gov could lose subsidies if the...
  • Federal health insurance aid in doubt for nearly 8M

    03/10/2015 12:24:40 PM PDT · by Olog-hai · 15 replies
    Associated Press ^ | Mar 10, 2015 3:21 PM EDT | Ricardo Alonso-Zaldivar and Kevin S. Vineys
    Nearly 8 million people could lose up to $24 billion a year in health insurance subsidies in a Supreme Court case threatening President Barack Obama’s law, according to a government report released Tuesday. The estimates by The Associated Press show what’s at stake in the case. Health overhaul opponents argue that subsidies are illegal in some three dozen states where the federal government took charge of running the health insurance marketplaces, or exchanges. The justices heard arguments last week, and the court’s decision is expected in late June. Tuesday’s report from the Department of Health and Human Services shows that...
  • Blaming Who On State Subsidies

    03/06/2015 7:05:07 AM PST · by Kaslin · 4 replies
    Townhall,com ^ | March 5, 2015 | Hank Adler
    King v. Burwell: We are all following the Supreme Court case challenging the Administration's ignoring of the ObamaCare requirement that individuals can only get Federal subsidies for their health insurance if the state in which they reside forms a state exchange. Only sixteen states organized state exchanges, yet the Obama administration determined to pay Federal subsidies to individuals in every state if they purchased health insurance under ObamaCare. There are some eight million individuals who will lose their subsidies if the Supreme Court determines to enforce the law as written by Congress. (One wonders what good it is to have...
  • 17 Errors & Omissions in Vox's Otherwise Excellent History of King v. Burwell

    03/03/2015 11:03:33 AM PST · by Ray76 · 1 replies
    Forbes ^ | Mar 2, 2015 | Michael Cannon
    This week, the Supreme Court will hear oral arguments in King v. Burwell, one of four legal challenges to an IRS regulation that purports to implement the Patient Protection and Affordable Care Act, but in fact vastly expands the IRS’s powers beyond the limits imposed by the Act. Just in time for oral arguments before the Court, Vox’s Sarah Kliff has produced what I think may be the best history of King v. Burwell and related cases I’ve seen. Still, there are a few important errors and omissions.... Kliff reports that all congressional staff involved with the drafting of the...
  • 3 Options for Congress If Court Kills Obamacare Subsidies

    02/20/2015 1:40:29 PM PST · by Up Yours Marxists · 19 replies
    The Fiscal Times ^ | February 20, 2015 20:16 GMT | Diana Furchtgott-Roth
    On March 4 the U.S. Supreme Court will hear King v. Burwell, the case challenging health insurance-premium subsidies for those who buy their insurance on the 37 federal exchanges. (...) First, Congress could extend the subsidies until the end of 2015, and allow people to keep those subsidies that they have already received. This would avoid disruption in health care and in insurance markets, whose terms are set months ahead. Second, Congress could create a new temporary state-based option for continued health insurance coverage beginning in 2016 until it could craft a long-term solution. (...)
  • 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 a report released by the Taxpayers Protection Alliance (TPA). “In spite of government’s 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...
  • Did Congress Lie About Key Facts to Obtain Obamacare Exemption?

    02/06/2015 11:09:13 AM PST · by wildbill · 8 replies
    Daily Signal ^ | 2/6/2015 | Kate Scanlon
    Sen. David Vitter, R-La., wants to know why members of Congress and their staff are exempted from Obamacare. “Washington insiders should be forced to live under Obamacare just like the rest of America without a special taxpayer funded subsidy,” says @DavidVitter Vitter, who launched an investigation this week, said in a statement that “false information may have been filed with the D.C. Health Benefits Exchange to allow Congress to be exempt from [the] Obamacare exchange.” The chairman of the Small Business and Entrepreneurship Committee cited a court filing obtained by Judicial Watch that admits Congress—with more than 16,000 employees—doesn’t fit...
  • Poll: 64% want Congress to restore ObamaCare subsidies even if Republicans win the Halbig case

    01/28/2015 2:04:31 PM PST · by SeekAndFind · 52 replies
    Hotair ^ | 01/28/2015 | AllahPundit
    Remember the issue in Halbig? There’s a section in the ObamaCare statute that says federal subsidies to pay premiums are available to anyone who buys their insurance through “an Exchange established by the State.” But that phrase is vaguely worded. Is the federal ObamaCare exchange, Healthcare.gov, an exchange established by the state? Or was the idea that subsidies should apply only to exchanges created by the individual states, as an economic incentive to encourage state governments to create their own insurance marketplaces? You know what Jonathan Gruber thinks, or thought, about that. By this summer, we’ll know what John...
  • ObamaCare Must Go!

    01/25/2015 10:42:39 AM PST · by Sean_Anthony · 1 replies
    Canada Free Press ^ | 01/25/15 | Alan Caruba
    If the Republican Congress fails to take swift and deliberate action on ObamaCare between now and the 2016 elections, they will have defeated themselves Can anyone remember how awful the U.S. healthcare free market system was that it needed to be replaced by the Affordable Care Act, otherwise known as ObamaCare? Can’t remember? That’s because it was ranked one of the best of the world and represented 17.9% of the nation’s economy in 2014. That’s down from the 20% it represented in 2009 when ObamaCare was foisted on Americans. One of the best ways to follow the ObamaCare story is...
  • How Would You Spend an Extra $130?

    01/14/2015 10:37:58 AM PST · by MichCapCon · 24 replies
    Michigan Capitol Confidential ^ | 1/12/2015 | James Hohman
    In a recent interview with Michigan Capitol Confidential, Brandeis University economist Bob Tannenwald remarked that film incentives were a bad deal for taxpayers. "Another way to look at that would be that a state might be getting only 50 cents or 75 cents value for each dollar per dollar of personal income created by the program for the state’s residents. A state might be better off just sending the checks out directly to its residents rather than creating the program." With roughly $500 million offered in incentives from the start of the program to present, the state could have sent...
  • Solar Subsidies Scam Taxpayers And Homeowners

    01/13/2015 6:20:43 PM PST · by jazusamo · 47 replies
    Investors.com ^ | January 134, 2015 | Stephen Moore & Joel Griffith
    Solar panels are being installed on the roofs of homes and businesses all across America at a record pace. The fad is the latest way for families to "go green" — the energy equivalent of blue recycling bins. The Solar Energy Industries Association likes to tout the industry's "amazing success" — but it's holding a "Shout Out For Solar" social media event Friday as it sees an "uncertain future." That's because its continued success depends on a cascade of government subsidies, including a 30% federal investment credit that expires at the end of 2016. Guess what? Taxpayers are paying for...
  • Americans Protest Obamacare by Refusing Health Insurance Subsidies (another casualty of Husseincare)

    01/12/2015 1:25:15 PM PST · by Libloather · 15 replies
    US News & World Report via MSN ^ | 1/12/15 | Kimberly Leonard
    Grace Brewer says she never thought she would be without health insurance at this stage of her life. "I'm a casualty of Obamacare," says Brewer, 60, a self-employed chiropractor in the Kansas City, Kansas, area. She wanted to keep the catastrophic health insurance plan she once had, which she says fit her needs. But under the Affordable Care Act, the government's health care reform law, the plan was discontinued because it did not comply with the law's requirements, and her bills doubled to more than $400 a month. "I wanted a minimal plan and I’m not allowed to have it,"...
  • Supreme Court: Mark Levin and Landmark Legal Foundation

    01/02/2015 3:42:49 PM PST · by Kaslin · 18 replies
    Townhall.com ^ | January 2, 2015 | Katie Pavlich
    Conservative radio host and Landmark Legal Foundation President Mark Levin has submitted an amicus brief in support of the petitioners in King v. Burwell, the Obamacare legal case that will be heard by the Supreme Court on March 5, 2015. The case addresses whether "the Internal Revenue Service may permissibly promulgate regulations to extend tax-credit subsidies to coverage purchased through exchanges established by the federal government under Section 1321 of the Patient Protection and Affordable Care Act." Essentially, the case looks at whether federal subsidies are legal and available to people living in states that did not set up their...
  • JW Files SCOTUS Amicus Brief, Argues against Subsidies for Federal Health Exchange Enrollees

    01/02/2015 2:11:03 PM PST · by jazusamo · 18 replies
    Judicial Watch ^ | January 2, 2014
    Group asks High Court to affirm the limits on the executive branch’s ability to disregard federal statutes, reaffirm separation of powers (Washington, DC) – Judicial Watch announced today that on December 24, 2014, it filed an amicus curiae brief in support of the plaintiffs in a lawsuit against the IRS and the Departments of Health and Human Services (HHS) and Treasury over a decision by the agencies to ignore a key provision of the Affordable Care Act (ACA). The lawsuit seeks specifically to prevent the IRS from providing refundable tax credits to individuals who purchase health care coverage through...
  • Gas Guzzler Tax Deduction Restored To $500K For 2014 By Budget Bill

    12/30/2014 4:18:02 AM PST · by LogicDesigner · 30 replies
    Green Car Reports ^ | December 29, 2014 | John Voelcker
    If politics is the art of successful compromise--defined as outcomes that make all parties equally unhappy--then the recent budget extension bill offers something for everyone. It extended the tax credits for electric-car charging stations and natural-gas-vehicle refueling stations, which should make owners of those vehicles happy. But it did not extend the generous tax credits for purchase or lease of hydrogen fuel-cell vehicles, disappointing advocates of that zero-emission vehicle technology. Those advocates include Toyota, Hyundai, and Honda. Now, it turns out, the often-reviled "gas guzzler tax deduction" was restored to its previous level by the budget bill as well. As...
  • It is Time to END Farm Subsidies

    12/04/2014 12:32:05 PM PST · by SleeperCatcher · 25 replies
    Absolute Rights ^ | December 3, 2014 | Jon E Dougherty
    How much does it cost to run a country? Each year federal, state and local governments confiscate more than $5.7 trillion from the economy, based on 2013 figures. Of that number, $1.1 trillion is eaten by local governments; state governments take in $1.6 trillion, and the federal government consumes more than $3 trillion. And still runs a deficit of hundreds of billions each year. Part of the problem is that We the People have developed quite a voracious appetite for OPM – other people’s money. Federal aid and entitlement programs consume the lion’s share of the budget; this is called...
  • Film Subsidy Supporters: Mich. Program a Failure

    11/25/2014 12:49:26 PM PST · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 11/20/2014 | Jarrett Skorup
    A panel last March at the Milken Institute in California featured several film incentive boosters who admitted Michigan’s subsidy program was a bad call. The panel was centered on what California should do with its incentive program. There were four pro-subsidy representatives: Fred Baron of 20th Century Fox; Rajiv Dalal with the Los Angeles mayor’s office; Kathy Garmezy of the Directors Guild of America; and Kevin Klowden of the Milken Institute. Joe Henchman of the Tax Foundation was the lone opposition. Henchman pointed out that film incentive programs are a “race to the bottom” and don’t create permanent jobs because...
  • Michigan Chamber CEO Blasts Film Subsidies as a 'Boondoggle'

    11/21/2014 4:49:38 PM PST · by MichCapCon · 12 replies
    Michigan Capitol Confidential ^ | 11/20/2014 | Jack Spencer
    The House Commerce Committee has approved legislation to extend Michigan’s film incentive subsidy program indefinitely. Senate Bill 1103 was advanced Wednesday on a 10-7 vote as four Republican committee members joined six Democrats in support of the measure. The bill now goes to the full House, where a vote is expected soon. The Republicans who voted yes were: committee chair Rep. Frank Foster, R-Pellston; Rep. Wayne Schmidt, R-Traverse City; Rep. Dale Zorn, R-Ida; and Rep. Gail Haines, R- Waterford. Rep. Foster lost his GOP primary re-election bid in August and Rep. Haines is term limited, so neither will be back...
  • Six potential effects of a Supreme Court ruling against HHS on Obamacare

    11/07/2014 10:25:39 PM PST · by right-wing agnostic · 7 replies
    Washington Examiner ^ | November 7, 2014 | Philip Klein
    On Friday, the U.S. Supreme Court agreed to review whether the insurance subsidies through President Obama's healthcare law are illegal in 36 states, because the text of Obamacare limited subsidies to those states that set up their own exchanges. Here are six potential outcomes if the Supreme Court rules against the Department of Health and Human Services and declares such subsidies illegal. 1. Uncertainty keeps repeal flame alive The Supreme Court is coming at a time when there's an internal debate among Republicans about how the new Senate majority should approach the prospect of repealing Obamacare. Ever since the major...
  • Gingrich: High Court Obamacare Decision 'Devastating to President'

    11/07/2014 4:47:15 PM PST · by xzins · 39 replies
    Newsmax ^ | 07 Nov 2014 | Sean Piccoli
    Former House Speaker Newt Gingrich tells Newsmax TV that a Supreme Court decision on Friday to hear another legal challenge to the Affordable Care Act is "devastating to the president." "I have no ability to judge what the Supreme Court will do," Gingrich said, noting that Chief Justice John Roberts once cast the deciding vote to uphold President Barack Obama's signature health care overhaul. But Gingrich said the new challenge is based on making the Affordable Care Act comply with the actual text of the statute that Congress passed and that Obama signed — and Gingrich said that in this...
  • Colleges want more Public/State Funding

    10/31/2014 7:21:48 AM PDT · by Academiadotorg · 19 replies
    Accuracy in Academia ^ | October 30, 2014 | Spencer Irvine
    Running out of funds and ideas, colleges want more public funding to help keep them afloat. During a recent panel discussion at the liberal think tank Center for American Progress, speakers praised President Barack Obama’s higher education push for performance-based pay and incentives for colleges and universities. Ted Mitchell, , U.S. Department of Education undersecretary, complained about today’s higher education funding environment, telling the audience, “There has been systematic disinvestment by states throughout the Great Recession in higher education,” adding that it “really does disadvantage students” from low-income neighborhoods and backgrounds. He felt the state governments, by not funding state...
  • The Louisiana Senate race: Sweet success

    10/30/2014 3:31:48 PM PDT · by ObamahatesPACoal · 7 replies
    The Economist ^ | Dec 12th 2002
    NEGATIVE advertising has its uses. It was ads mocking the stately Washington home of Mary Landrieu, Louisiana's Democratic junior senator, that forced her into a run-off after November's election. (SNIP) A Mexican newspaper reported that Mr Bush had agreed to allow more sugar from that country into the United States. Ms Landrieu said this policy (which the White House denied approving) would hurt Louisiana's sugar-cane farmers, and promised to fight it. Her sudden embrace of protectionism was a bit hypocritical, since she and other Louisiana Democrats have scorned Mr Bush's decision to impose tariffs on the foreign steel that moves...
  • Seriously? Obamacare Covers Foreign Diplomats

    10/29/2014 2:07:14 PM PDT · by 2ndDivisionVet · 22 replies
    The Daily Beast ^ | October 29, 2014 | Tim Mak
    Two House committees are demanding answers after learning that the Affordable Care Act makes foreign diplomats eligible for health care subsidies.Obamacare has a loophole that allows foreign diplomats to receive healthcare subsidies, the House Ways and Means and Foreign Affairs Committees revealed Wednesday as they announced a joint investigation. “According to the Department of Health and Human Services, foreign diplomats holding ‘A’ or ‘G’ visas are eligible to participate in an array of medical programs administered by the federal government, including participation in Health Insurance Marketplaces governed by the Affordable Care Act (ACA),” wrote chairmen Ed Royce and Dave Camp...
  • State of Michigan Granted $3 Billion in Special Tax Credits to Big 3 Automakers

    10/29/2014 6:09:59 AM PDT · by MichCapCon · 10 replies
    Michigan Capitol Confidential ^ | 10/27/2014 | Tom Gantert
    The state of Michigan granted more than $3 billion in combined tax breaks and cash subsidy deals to General Motors, Ford and Chrysler in the final years of former Gov. Jennifer Granholm’s tenure, which helped make this state among the biggest corporate welfare providers in the country, according to a recent study. Chrysler ($1.30 billion), General Motors ($1.07 billion) and Ford ($909 million) were awarded the benefits in 2009 and 2010 under the Michigan Economic Growth Authority program. The deals required the firms to “create or retain” a specified number of jobs in order to actually collect the benefits. Michigan...
  • SolarCity loan deal could propel rooftop market

    10/14/2014 5:01:40 AM PDT · by TurboZamboni · 16 replies
    Administration Propaganda ^ | 10-14-14 | Jonathan Fahey
    A new financing offering could make home solar cheaper and more attractive to homeowners, and keep the adoption of home solar growing. The offer, announced by SolarCity this week, is a loan that allows homeowners to install their own solar system on their roof for little or no money down, and pay less for electricity. Previous plans, while popular, turned off some because the solar company owned the system. "The value proposition is becoming clearer and less complicated for consumers," says Patrick Jobin, an analyst at Credit Suisse. "Solar is going mainstream." SolarCity's new loan deal and current similar deals...
  • The Two Issues That Could Bring Down Obamacare

    10/01/2014 2:48:37 PM PDT · by afraidfortherepublic · 10 replies
    The Fiscal Times ^ | 10-1-14 | Brianna Ehley
    Today marks the one-year anniversary for Obamacare’s health exchanges—which have helped more than 7 million people across the country enroll in health coverage. And while Obamacare’s marketplace is settling in for its second year, serious issues are cropping up that could potentially derail the entire health care law leaving millions without affordable health coverage. The first potential problem deals with funding for the law’s crucial risk corridor program, which protects insurers from major losses. Insurers who agree to sell policies on the new exchanges are compensated for if they incur heavy losses during the first few years of Obamacare’s implementation....
  • Michigan Approves Corporate Welfare for Car Dealership

    09/09/2014 12:38:16 PM PDT · by MichCapCon · 18 replies
    Michigan Capitol Confidential ^ | 9/9/2014 | Jarrett Skorup
    Michigan Strategic Fund board members voted Tuesday to divert almost three-quarters of a million dollars in local and school taxes to a private entity so that a Redford Township car dealership can upgrade its facilities, MLive reports. The Michigan Economic Development Corp. will give the dealership $719,528 to renovate its building and install a car wash on an adjacent piece of land it owns. Michael LaFaive, director of the Morey Fiscal Policy Initiative, said this type of special treatment is unfair. “It’s unfair because this dealer no doubt competes with other dealers not lucky enough to get a government handout,”...
  • An Obamacare Test for Republicans [fight corporate welfare and crony capitalism]

    09/08/2014 5:31:47 AM PDT · by Cincinatus' Wife · 4 replies
    National Review ^ | September 8, 2014 | Editors
    Congressional Republicans keep saying they oppose Obamacare. Yet they’re refusing to take the simplest and easiest action against it. The way the law is designed, insurance companies get taxpayer subsidies if they incur big losses on the exchanges. That guarantee has encouraged them to participate in the exchanges. It has also enabled them to charge lower premiums, since they do not have to cover their risks. Republicans could force supporters of Obamacare to defend these taxpayer subsidies by advancing legislation to stop them, as Senator Marco Rubio (R., Fla.) and Representative Tim Griffin (R., Ark.) have proposed. But their colleagues...
  • Federal Court Throws Out Obamacare Subsidies Ruling

    09/04/2014 9:41:07 AM PDT · by GIdget2004 · 47 replies
    NBCNews.com ^ | 09/04/2014 | Pete Williams
    In a victory for the Obama administration, a federal appeals court in Washington, D.C. Thursday threw out an earlier ruling that said financial subsidies are not available for people who bought health insurance on the federal exchange. A three-judge panel of the D.C. Court of Appeals reached that conclusion in late July. On the same day, a federal appeals court in Richmond reached the opposite conclusion and said the subsidies are available. But Thursday, the full D.C. Court of Appeals said it will re-hear the case, which erases the lower court ruling that went against the subsidies. This greatly diminishes...
  • More than half of Americans now depend on government subsidies

    08/26/2014 7:14:36 AM PDT · by SeekAndFind · 28 replies
    RT ^ | 08/22/2014
    Government dependency is on the rise, with more than half of all Americans relying on the government for survival. While the Obama administration is broadening eligibility, US citizens increasingly also say they prefer it this way. Americans’ self-reliability has been decreasing as eligibility for Medicaid, food stamps, earned income tax credit, work pay tax credit and unemployment benefits have broadened since 2009 to allow more US citizens to enjoy them. More than half of the US population – 165 million of 308 million Americans – is now dependent on the state in some form. Of these, 107 million Americans rely...
  • How Obamacare subsidies could impact your tax refund

    08/25/2014 9:10:45 PM PDT · by Citizen Zed · 9 replies
    cbs news ^ | 8-25-2014
    Taxpayers accustomed to filing a simplified 1040EZ will not be able to do so if they received health insurance tax credits this year. Some highlights: -- You may have heard that the IRS cannot use liens and levies to collect the law's penalty on people who remain uninsured. But there is no limitation on collection efforts in cases where consumers got too big a tax credit. If your refund isn't large enough to cover the repayment, you will have to write the IRS a check. "They are not messing around," Brandes said. For families, the cap is double the amount...
  • Will Michigan Taxpayers Be Giving KISS Millions For the Rock Band's Film?

    08/15/2014 10:39:36 AM PDT · by MichCapCon · 4 replies
    Michigan Capitol Confidential ^ | 8/12/2014 | Tom Gantert
    KISS rock band front man Gene Simmons has earned a national reputation for his blunt talk regarding socialism and the government's role in the lives of citizens. Simmons told Forbes in 2012, “I don’t believe the government should stick their noses into the rise and fall of the economy. I don’t believe in the welfare system, I believe in the job system. … I don’t borrow money, and I fund myself and I create jobs and I hate anybody that’s looking for a free ride.” Which raises the question: Would the KISS front man approve of the $8.2 million in...