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Keyword: subsidies

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  • Schlafly: Stunning Setback to Obamacare

    07/29/2014 9:22:13 AM PDT · by jazusamo · 10 replies
    Creators Syndicate ^ | July 29, 2014 | Phyllis Schlafly
    Obamacare has proven again to be the biggest legislative failure in history, with last week's ruling that its subsidies are illegal. These subsidies induced some 5 million Americans to sign up for Obamacare but are prohibited by law as held by the U.S. Court of Appeals for the D.C. Circuit in Halbig v. Burwell. This humiliation to the Obama administration was a devastating setback to legislation already disfavored by a 59-40 percent margin among the public, according to the latest CNN poll. Twice as many Americans say they are being hurt rather than helped by Obamacare. Officially known as the...
  • Court Ruling on Obamacare Exchanges Assailed

    07/25/2014 5:43:06 PM PDT · by John Semmens · 21 replies
    Semi-News/Semi-Satire ^ | 25 July 2014 | John Semmens
    This past week’s D.C. Court of Appeals panel ruling that customers in the 36 states that didn’t establish their own exchange and use HealthCare.gov instead cannot be given premium tax credits was assailed by the program’s backers as “flagrant judicial activism.” Presidential Press Secretary Josh Earnest promised that “this insupportable ruling will be ignored. For the Court to insist upon a literal reading of the statute at this late date would unduly hamper the President’s scope of action. He cannot and will not abide having his hands tied by this judicial interference.” At issue is explicit statutory language in the...
  • Obamacare Architect Explained Intent Behind Allowing Subsidies Only On State Exchanges

    07/25/2014 3:05:58 PM PDT · by right-wing agnostic · 23 replies
    Powerline Blog ^ | July 25, 2014 | Paul Mirengoff
    Jonathan Gruber, a professor at MIT, is widely is regarded as the architect of both Romneycare and Obamacare. Following the D.C. Circuit’s decision in Halbig, he asserted that the provision of Obamacare limiting subsidies to the state exchanges was a “typo.” Indeed, he found it “criminal” to suggest that Obamacare was intended to work this way. But William Jacobson (via one of his readers) has unearthed video from 2012 in which Gruber explains why Obamacare limits subsidies to participants in state exchanges — the view of the statute he now finds “criminal.” Gruber stated: “I think what’s important to remember...
  • [Video from January 18, 2012] Jonathon Gruber at Noblis

    VIDEO AT LINK (View starting at 31:30) ” . . . if you’re a state and you don’t set up an exchange, that means your citizens don’t get their tax credits.” Obama, Democrats lying about “ambiguous” text, intent of Congress January 2012 video proves they never intended subsidies for federal exchanges. Read more: http://www.headlineoftheday.com/#ixzz38SANlSDz
  • ObamaCare's Murky Future

    07/23/2014 6:30:14 AM PDT · by Sean_Anthony · 5 replies
    Canada Free Press ^ | 07/23/14 | Arnold Ahlert
    A pair of federal Appeals Court rulings have sown further confusion regarding ObamaCare, even as they illuminate stark differences in ideologically-inspired interpretations of the law. First, a three-judge panel from the D.C. Circuit Court of Appeals ruled 2-1 that Americans are not entitled to subsidies for their healthcare premiums if they live in a state where the federal government set up a healthcare exchange.
  • On the other hand: Fourth Circuit upholds ObamaCare subsidies for federal exchange consumers

    07/22/2014 11:15:41 AM PDT · by SeekAndFind · 43 replies
    Hotair ^ | 07/22/2014 | AllahPundit
    Well, this is awkward.Unlike the D.C. Circuit, which split 2-1, the majority here was 3-0. Even so, the most noteworthy thing about the opinion is how tormented the court seems in trying to determine what Congress intended when it said that subsidies should be available only on “an exchange established by the State.” From page 20:Page 24:Page 28:If they can’t decide what the key phrase was designed to do, why don’t they follow the D.C. Circuit’s lead and stick with the plain text? In the first excerpt above, the court frankly admits that the language of the law seems...
  • Healthcare Premiums Would Absolutely Explode If Today's Obamacare Ruling Stands!

    07/22/2014 9:42:04 AM PDT · by SeekAndFind · 51 replies
    Business Insider ^ | 07/22/2014 | Brett LoGiurato
    A federal appeals court on Tuesday dealt a setback to the Affordable Care Act, ruling that premium subsidies provided through the federal health exchange in 36 states are invalid under the writing of the law.Here's the practical effect of the ruling, if it withstands the rest of the legal process: More than 5 million, generally low-income Americans who received tax credits through the federal exchange to purchase health insurance would see their premiums explode.Avalere Health, an independent healthcare firm, released an analysis last week showing that individuals who received premium subsidies for health insurance would see a premium hike of about...
  • Circuit Court invalidates Obamacare subsidies

    07/22/2014 9:28:16 AM PDT · by alloysteel · 17 replies
    American Thinker ^ | July 22, 2014 | Rick Moran
    A surprising ruling from the notoriously liberal DC Circuit Court. By a 2-1 vote, judges ruled that the subsidies received by purchasing insurance through healthcare.gov website are invalid. In a potentially crippling blow to Obamacare, a federal appeals court panel declared Tuesday that government subsidies worth billions of dollars that helped 4.7 million people buy insurance on HealthCare.gov are illegal. A judicial panel in a 2-1 ruling said such subsidies can be granted only to those people who bought insurance in an Obamacare exchange run by an individual state or the District of Columbia — not on the federally run...
  • Fed appeals court panel says most Obamacare subsidies illegal

    07/22/2014 7:30:07 AM PDT · by gwjack · 315 replies
    CNBC.com ^ | July 22, 2014 | Dan Mangan
    This is a breaking news story. Please check back for updates. In a potentially crippling blow to Obamacare, a top federal appeals court Tuesday said that billions of dollars worth of government subsidies that helped 4.7 million people buy insurance on HealthCare.gov are not legal under the Affordable Care Act.
  • Obama’s Law Professor: ‘I Wouldn’t Bet’ on Obamacare Surviving Next Legal Challenge

    07/11/2014 1:41:49 PM PDT · by afraidfortherepublic · 20 replies
    National Review -- The corner ^ | 7-11-14 | Joel Gehrke
    President Obama’s old Harvard Law professor, Laurence Tribe, said that he “wouldn’t bet the family farm” on Obamacare’s surviving the legal challenges to an IRS rule about who is eligible for subsidies that are currently working their way through the federal courts. “I don’t have a crystal ball,” Tribe told the Fiscal Times. “But I wouldn’t bet the family farm on this coming out in a way that preserves Obamacare.” The law’s latest legal problem is that, as written, people who enroll in Obamacare through the federal exchange aren’t eligible for subsidies. The text of the law only provides subsidies...
  • Truth Buried — Again

    07/06/2014 4:22:25 AM PDT · by IBD editorial writer · 12 replies
    Investor' Business Daily ^ | 07/03/2014 | IBD Staff
    Bias: You'd think that a government audit showing how ObamaCare couldn't tell whether millions of enrollees were eligible for the subsidies they're getting would be front-page news. Instead, the press hid it from view. If you wanted to read in the New York Times about these findings — which detailed rampant problems verifying eligibility and income information from millions of ObamaCare applicants — you had to dig 17 pages into the news section. In the Washington Post, the story was on page 11, after stop-the-press-stories like a change in House travel reporting rules and a puff piece on the new...
  • Five Reasons Not to Raise the Gas Tax

    07/05/2014 8:12:09 AM PDT · by Tolerance Sucks Rocks · 34 replies
    The Huffington Post ^ | July 3, 2014 | Randal O'Toole
    The federal Highway Trust Fund is running out of money, and some senators have proposed to fix the problem by raising gas taxes. This, however, is the wrong solution because it treats the symptom, and not the underlying reason for the shortfall. Here are five reasons for not increasing gas taxes. 1. The problem is not a shortage of funds but an excess of spending. For more than 50 years after Congress created the Highway Trust Fund in 1956 it was able to avoid a shortage of funds by a simple measure: it didn't spend more than was collected in...
  • Independence in 1776; Dependence in 2014

    07/05/2014 6:00:55 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | July 5, 2014 | Chris Edwards
    Since the 1960s, the Catalog of Federal Domestic Assistance (CFDA) has provided a list of all federal subsidy programs. That includes subsidies to individuals, businesses, nonprofit groups, and state and local governments. The CFDA includes subsidies for farmers, retirees, school lunches, rural utilities, the energy industry, rental housing, public broadcasting, job training, foreign aid, urban transit, and much more. The chart below shows that the number of federal subsidy programs has almost doubled since 1990, reaching 2,282 today. The genesis of the CFDA was the explosion of hand-out programs under President Lyndon Johnson. Members of Congress needed a handy guide...
  • By the way, the D.C. Circuit might nuke ObamaCare tomorrow

    07/02/2014 6:18:31 PM PDT · by markomalley · 19 replies
    Hot Air ^ | 7/2/2014 | ALLAHPUNDIT
    Remember the Halbig case? If not, catch up right now by re-reading this post from January, written after a D.C. district court judge ruled in Obama’s favor. O-Care is a famously complex law but the lawsuit that could end up demolishing it is surprisingly simple. In a nutshell, there’s a line buried deep in the statutory text that says federal subsidies for insurance premiums will be available to anyone who buys a plan on “an Exchange established by the State.” Question: Does Healthcare.gov, the exchange built by the federal government after 34 states refused to build their own exchanges, qualify...
  • Op-Ed Get ready for an even bigger threat to Obamacare

    07/01/2014 4:47:27 AM PDT · by Hojczyk · 46 replies
    Los Angeles Times ^ | June 30,2014 | JONATHAN TURLEY
    The D.C. Circuit Court is expected to rule any day now on the Halbig case, and supporters of the Affordable Care Act are growing nervous. In January, an Obamacare advocate described the Halbig case to a reporter for the Hill as "probably the most significant existential threat to the Affordable Care Act. All the other lawsuits that have been filed really don't go to the heart of the ACA, and this one would have." And in a fraught oral argument before the D.C. Circuit Court, the administration seemed to struggle to defend its interpretation. If the ruling goes against the...
  • Tesla Enthusiasm for Battery Swap Wanes After Subsidies Disappear

    06/30/2014 10:31:19 AM PDT · by jazusamo · 12 replies
    NLPC ^ | June 30, 2014 | Paul Chesser
    NLPC has extensively documented howTesla Motors has taken advantage of market distortions to reap revenues – including government mandates, subsidies, and taxpayer support – not the least of which have been so-called “zero emission credits” from the state of California. But much of the revenue Tesla enjoyed last year – which often meant the difference between profit and loss – was credited based upon theoreticaltechnological capabilities and not ones actually put into practice. CEO Elon Musk has also relied on accounting gimmicks to enhance his bottom line over the last 18 months, during which a couple of quarterly earnings...
  • Sowell: The Ambassador and the Post Office

    06/02/2014 11:11:00 AM PDT · by jazusamo · 8 replies
    Creators Syndicate ^ | June 3, 2014 | Thomas Sowell
    At one time, people in India had to get on a waiting list to buy Hindustan Motors' Ambassador automobile, even though it was an obvious copy of Britain's Morris Oxford of some decades earlier. The reason was simple: the Indian government would not allow cars to be imported to compete with it. The fact that the Ambassador was a copy is hardly an automatic reason for condemnation. The first Nikon camera was an obvious copy of a German camera called the Contax, and the first Canon was an obvious copy of the Leica. The difference is that, over the years,...
  • Your ObamaCare subsidies are probably wrong, but don’t worry. We’ll bill you later.

    05/17/2014 10:42:47 AM PDT · by SeekAndFind · 8 replies
    Hotair ^ | 05/17/2014 | Jazz Shaw
    Remember back in the bad old days when the ObamaCare website didn’t work and everyone had a good laugh over it? Ah… good times. But then they got it fixed, millions of people signed up and we all marched happily forward into the future. Or did we?Rick Moran wrote a piece for American Thinker this week highlighting a recent report showing that, well… math is still hard. The Washington Post has learned that more than a million Americans who signed up for Obamacare insurance policies are being paid too much or too little in taxpayer funded subsidies.Bad enough, right?...
  • Federal health-care subsidies may be too high or too low for more than 1 million Americans

    05/16/2014 4:54:25 PM PDT · by Oldeconomybuyer · 11 replies
    Washington Post ^ | May 16, 2014 | By Amy Goldstein and Sandhya Somashekhar
    The government may be paying incorrect subsidies to more than 1 million Americans for their health plans in the new federal insurance marketplace and has been unable so far to fix the errors, according to internal documents and three people familiar with the situation. The problem means that potentially hundreds of thousands of people are receiving bigger subsidies than they deserve. They are part of a large group of Americans who listed incomes on their insurance applications that differ significantly — either too low or too high — from those on file with the Internal Revenue Service, documents show. So...
  • Wind Industry Produces Little Energy, Lots Of Hot Air

    04/22/2014 4:48:49 PM PDT · by jazusamo · 19 replies
    Investors.com ^ | April 22, 2014 | IBD Editorial
    Failed Policy: The federal government has spent some $100 billion in taxpayer subsidies on green energy since 2006. Now we are seeing the flimsy and declining returns on that investment. The wind industry saw its growth tumble by 92% last year, according to a new report from the American Wind Energy Association (AWEA), and that's off of a very low base to begin with. Big Wind blames the decline in output on uncertainty over the future of a federal wind industry tax credit — an absurdly generous subsidy of 2.3 cents per kilowatt hour produced. This handout is what keeps...
  • Green Energy Subsidies Pass Senate Finance Committee by Voice Vote

    04/06/2014 9:59:43 PM PDT · by Pining_4_TX · 2 replies
    Breitbart ^ | 05/05/14 | Daniel Horowitz
    Senator Pat Toomey (R-PA) did propose an amendment to eliminate all of the energy subsidies within the package, but it only garnered the support of five other Republicans–Senators Burr, Enzi, Hatch, Isakson, and Roberts. Democrats voted down the amendment, along with support from GOP Senators Grassley, Crapo, Cornyn, Thune, and Portman. Ultimately, the underlying bill was adopted unanimously by voice vote. Hence, both Republicans and Democrats profess a desire to clean up the tax code and close “loopholes,” yet they can’t even let a pair of subsidies that have already expired remain at rest. For all the talk about incorrigible...
  • Consumers Get $10B In Subsidies For Health Coverage, Study Finds

    04/01/2014 1:11:49 PM PDT · by Nachum · 15 replies
    Kaiser Health News ^ | 4/1/14 | Jenny Gold
    Americans have already qualified for about $10 billion in tax credits to help them purchase private health insurance this year through the Affordable Care Act, according to a study from the Kaiser Family Foundation. (KHN is an editorially independent program of the foundation.) That’s an average of $2,890 for each of the 3.5 million people who qualified for a subsidy as of March 1 — about 83 percent of those who enrolled in an exchange plan. But four of five Americans who could qualify for a subsidy hadn’t applied for coverage by that date. And sign-up rates varied greatly by...
  • Going Green A Luxury Good For Rich At Expense Of Poor

    03/27/2014 4:54:24 PM PDT · by jazusamo · 7 replies
    Investors.com ^ | March 27, 2014 | IBD Editorial
    Saving The Planet: It used to be said that socialism was the opium of the liberal intelligentsia. But now the drug of choice for the elite is environmentalism. The dirty little secret of the modern green movement is that it's become a luxury good for the uber-rich who espouse policies — from carbon taxes to renewable energy standards to closing down coal plants — that impose high costs on poor people who can least afford to pay the green tab. A Pew Research Center poll released last week offers further confirmation of this truism. It found that only two major...
  • Electric Vehicle Battery Subsidy Failures Evident Early On

    03/27/2014 10:50:16 AM PDT · by MichCapCon · 11 replies
    Capitol Confidential ^ | 3/26/2014 | Tom Gantert
    Last week, the Detroit Free Press concluded that the massive giveaway of state tax dollars to electric vehicle battery makers failed to generate the thousands of jobs that were promised. In particular, a March 16 article noted that, "today, Michigan has only a few hundred battery workers in four plants — despite $861 million in Obama administration stimulus grants and $543 million in Michigan tax credits awarded by former Gov. Jennifer Granholm’s administration in 2009." Readers of Michigan Capitol Confidential are not surprised by this news given that the failures of the electric vehicle battery industry in Michigan have been...
  • Are ObamaCare's Tax Credits Harmless? The Little Understood Dark Side Of The Subsidies

    03/20/2014 7:57:08 AM PDT · by Mechanicos · 17 replies
    Forbes ^ | 3/17/2014 | Josh Archambault
    ... The credits can only be used in a government-sanctioned ObamaCare exchange. .... The ACA’s tax credits are given directly to the insurance companies, and are calculated on a sliding scale, based on family size, and in theory, to those making between 138% and 400% of the federal poverty level (FPL) in states that have expanded Medicaid eligibility. In states that have not expanded Medicaid, the tax credits are available to those making between 100% and 138% FPL. ... All citizens that take the credit must file a tax return to receive the credits regardless of their income. ... However,...
  • Obama Admin Announces 'Retroactive' Obamacare Subsidies

    02/28/2014 1:24:34 PM PST · by Nachum · 43 replies
    Breitbart ^ | 2/28/14 | Wynton Hall
    On Thursday, the Obama administration quietly announced it will allow consumers in states with busted Obamacare websites to retroactively bag taxpayer-funded insurance subsidies, even if they purchased health insurance outside the Obamacare marketplace. The move by the Obama administration will help Democratic candidates facing voters irate over Obamacare by now retroactively cutting checks to citizens in states with broken Obamacare websites. As CBS News reports, "Those who stand to benefit the most are Democratic governors who plunged ahead and ran into problems" because "Republican governors basically defaulted to federal control of online sign-ups in their states." Democratic Oregon Gov. John...
  • Obama orders up new mileage standards for big rigs

    02/18/2014 10:32:02 AM PST · by jazusamo · 120 replies
    The Washington Times ^ | February 18, 2014 | Ben Wolfgang
    Linking increased fuel economy to the larger issue of economic growth, President Obama on Tuesday directed his administration to write new rules to improve mileage for the nation’s big-rig trucks. Mr. Obama made the announcement during a speech at a suburban Maryland Safeway distribution center and cast it as the latest move in his so-called “year of action,” a time he’ll act without Congress wherever possible. “Improving gas mileage for these trucks is going to drive down our oil imports even further,” Mr. Obama said. “That reduces carbon pollution even more, cuts down on businesses’ fuel costs, which should pay...
  • The Unsurprising Success of Subsidy

    02/16/2014 12:37:26 PM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 16, 2014 | Paul Jacob
    “Moving on from unfulfilling jobs, thanks to health-care law,” was the gleeful headline across the story spoon-fed to the Washington Post by Families USA, a pro-Obamacare group that maintains a “database of people who have benefitted” from the so-called Affordable Care Act. No doubt, that’s a pretty easy list to maintain. One person on the list is Polly Lower of Bourbon, Indiana. She quit her job and says, “It was wonderful.” Lower didn’t want the job anymore, because she went from “doing payroll, which she liked, to working on her boss’s schedule, which she loathed.” Oh, the humanity! Take this...
  • Labor union officials say Obama betrayed them in health-care rollout

    02/01/2014 2:03:41 PM PST · by Second Amendment First · 33 replies
    Washington Post ^ | January 31, 2014 | Steven Mufson and Tom Hamburger
    Labor leaders who have spent months lobbying unsuccessfully for special protections under the Affordable Care Act warned this week that the White House’s continued refusal to help is dampening union support for Democratic candidates in this year’s midterm elections. Leaders of two major unions, including the first to endorse Obama in 2008, said they have been betrayed by an administration that wooed their support for the 2009 legislation with promises to later address the peculiar needs of union-negotiated insurance plans that cover millions of workers. Their complaints reflect a broad sense of disappointment among many labor leaders, who say the...
  • Labor union officials say Obama betrayed them in health-care rollout

    02/01/2014 2:26:02 PM PST · by Innovative · 27 replies
    Washington Post ^ | Jan 31, 2014 | Steven Mufson and Tom Hamburger
    Labor leaders who have spent months lobbying unsuccessfully for special protections under the Affordable Care Act warned this week that the White House’s continued refusal to help is dampening union support for Democratic candidates in this year’s midterm elections.
  • Labor union officials Obama betrayed health-care rollout

    02/01/2014 10:15:56 AM PST · by Kid Shelleen · 13 replies
    Washington Post ^ | 01/31/2014 | Steven Mufson and Tom Hamburger,
    Labor leaders who have spent months lobbying unsuccessfully for special protections under the Affordable Care Act warned this week that the White House’s continued refusal to help is dampening union support for Democratic candidates in this year’s midterm elections. Leaders of two major unions, including the first to endorse Obama in 2008, said they have been betrayed by an administration that wooed their support for the 2009 legislation with promises to later address the peculiar needs of union-negotiated insurance plans that cover millions of workers. Their complaints reflect a broad sense of disappointment among many labor leaders, who say the...
  • Islamic group once tied to terror trial received thousands in farm subsidies, without...

    02/01/2014 5:27:22 AM PST · by Libloather · 18 replies
    Fox News ^ | 2/01/14 | Emily Walker
    **SNIP** The subsidies to the North American Islamic Trust are just a slice of the questionable payments that, as has been well documented, go to millionaires and non-farmers every year. But as Congress moves to rein in the program, these subsidies stand out considering the group's involvement in the Holy Land Foundation case of 2008. During the trial, the group's farm subsidies stopped, only to be reinstated after a federal judge cleared them. Records show that since 1998, the North American Islamic Trust has received over $10,000 across 34 separate taxpayer-funded programs. NAIT's two relatively small land plots are tax-zoned...
  • Popular Flood Insurance Law Is Target of Both Political Parties

    01/29/2014 2:19:34 PM PST · by Theoria · 11 replies
    The New York Times ^ | 28 Jan 2014 | CORAL DAVENPORT
    A major flood insurance bill was a rarity when it passed what is widely derided as a do-nothing Congress in 2012, but a year and a half later, there is now an enthusiastic bipartisan effort to gut it. This week the Senate is expected to approve a measure that would block, repeal or delay many of the key provisions of the Biggert-Waters Flood Insurance Reform Act, which was sponsored by Representative Judy Biggert, an Illinois Republican, and Representative Maxine Waters, a California Democrat. Tucked into broader transportation legislation, the bill had enthusiastic support across the political spectrum, from liberal environmentalists...
  • Lawmakers won’t have to disclose the farm subsidies they receive

    01/29/2014 1:10:40 PM PST · by jazusamo · 10 replies
    The Hill ^ | January 29, 2014 | Erik Wasson
    A provision requiring members of Congress and the administration to disclose what crop insurance subsidies they receive was quietly dropped from the farm bill that the House passed on Wednesday. Section 11001 of the House-passed farm bill had a provision that “requires disclosure (by name) of the amount of crop insurance assistance received by Members of Congress, Cabinet Secretaries, and members of their immediate families.” That provision was taken out in closed-door conference negotiations before the bill was released on Monday. The bill cleared the House in less than 72 hours, before many lawmakers had a chance to review it,...
  • Little Disclosure on Business Subsidies

    01/29/2014 1:02:32 PM PST · by MichCapCon · 2 replies
    Capitol Confidential ^ | 1/23/2014 | James Hohman
    Last week, Eric Mosher of PIRGIM and I published a piece about how the state can increase transparency at the Michigan Economic Development Corp. Legislative discussions about how to spend the projected state budget surplus show just how necessary it is to implement our recommendations. Much of the surplus is due to the timing of substantial refundable tax credits to specific companies, yet Michigan residents cannot be told who is being paid this taxpayer money or what the state is getting in return. The state has made a number of economic development deals that were administered through the old Michigan...
  • GOP Abandons Principle With Subsidy-Filled Farm Bill

    01/28/2014 4:27:52 PM PST · by jazusamo · 29 replies
    Investors.com ^ | January 28, 2014 | IBD Editorial
    Subsidies: Former Indiana congressman (and now state governor) Mike Pence used to quip that he was 99% capitalist but 1% socialist, and that turns socialist "when it comes time to vote on a farm bill." At least he was honest. Just what is it about farm bills that make Republicans abandon their principles of limited government and fiscal restraint? The sad answer: Farm bills are classic examples of Republican pork delivered to their own voters. The $1 trillion bill that will be voted on this week is another big pail of slop. It includes subsidies for corn, cotton, wool, sugar,...
  • In the Midwest, farmers leading the way on solar power

    01/27/2014 3:23:15 PM PST · by TurboZamboni · 13 replies
    midwestenergynews ^ | 1-27-14 | Karen Uhlenhuth
    Solar installations have been taking off in many areas of the Midwest, but perhaps nowhere more so than in farm country. “It’s a huge buzz now throughout the agriculture industry,” said Todd Miller, sales director for CB Solar in Ankeny, Iowa. In Washington County, Iowa, for example, farmers with access to an unusual and lucrative combination of federal, state and utility incentives were anticipating payback periods of as little as two years, according to Ed Raber, director of the county’s economic development corporation. In Washington County, Iowa, for example, farmers with access to an unusual and lucrative combination of federal,...
  • Record Profits for Warner Bros. Doesn't Stop State From Giving Company Huge Subsidy

    01/15/2014 6:33:54 AM PST · by MichCapCon · 10 replies
    Capitol Confidential ^ | 1/12/2014 | Tom Gantert
    While Michigan taxpayers prepare to dole out $35 million to Warner Bros. for the filming of the expected blockbuster Superman-Batman movie sometime early in 2014, the company could be in for record profits. In 2012, Warner Bros. had an operating income — profits that exclude interest and income tax expenses — of $1.2 billion, according to The Hollywood Reporter. That's about the same amount the state of Michigan gives in general fund dollars to higher education and community colleges. Warner Bros. is projected to spend $131 million in Michigan while filming the Superman-Batman movie, according to the Michigan Film Office....
  • Chevy Volt Electric Range Drops to 20 Miles in Cold

    01/03/2014 9:55:59 AM PST · by jazusamo · 49 replies
    NLPC ^ | January 1, 2014 | Mark Modica
    A recent study by fleetcarma.com unveils yet another drawback of General Motors' much-hyped Chevy Volt. It appears that the environmentally-conscientious, affluent owners of the vehicles who drive in cold weather will get about half of the electric range, on average, of those who drive in warmer climates. Fleetcarma charted real-world data displaying an average electric range of approximately 20 miles for Volts driven during temperatures of about 25 degrees Fahrenheit. The owners of President Obama's favorite car who were under the impression that they would be helping Mother Earth by saving less than one gallon of gas a day at...
  • The Solar Swindle

    12/30/2013 9:00:06 AM PST · by jazusamo · 14 replies
    American Thinker ^ | December 30, 2013 | Norman Rogers
    Solar electricity is growing, promoted, and most importantly, heavily subsidized. The promoters of solar electricity claim that it is close to being competitive with conventional sources of electricity. That is a fantasy. Solar electricity is expensive and impractical. If it weren't for government subsidies, some explicit and some disguised, the solar industry would collapse. The many claims of competitiveness are always based on ignoring subsidies provided to politically correct renewable power, ignoring the costs associated with unreliability, and ignoring the cost of backup fossil fuel plants. An example of a hidden subsidy is the California Renewable Portfolio Standard that mandates...
  • Colleges Trim Staffing Bloat - Amid Tuition Backlash, Cuts in Subsidies, Schools Target Efficiencies

    12/26/2013 1:12:53 PM PST · by abb · 12 replies
    The Wall Street Journal ^ | December 25, 2013 | Douglas Belkin
    After years of cuts in state subsidies and growing resistance to rising tuition, U.S. colleges and universities are starting to unwind decades of administrative bloat and back-office waste that helped push up costs and tuition. The State University of New York system shaved $48 million in the past two years by cutting unused software licenses and consolidating senior administrators. The University of California, Berkeley, cut $70 million since 2011 by centralizing purchasing and laying off a layer of middle managers, among other things. And the University of Kansas revamped its back-office operations to save about $5 million in 2013. One...
  • More Fires, More Subsidies for Tesla in California

    12/20/2013 9:53:42 AM PST · by jazusamo · 12 replies
    NLPC ^ | December 20, 2013 | Paul Chesser
    There’s that uncomfortable juxtaposition of words again: “Tesla” and “fire.” This time was quite an accomplishment by the electric automaker’s publicity department: they kept the Irvine, Calif. garage fire quiet for over a month. The secrecy expired on the November 15 incident when the Orange County Fire Authority attributed the incident to the EV’s re-powering set-up, according to a report obtained by Reuters. “The fire occurred as a result of an electrical failure in the charging system for an electric vehicle,” the report said, while stating the cause of the fire is unclear. “The most probable cause of this fire...
  • Nation of Islam Leader’s Home In Hyde Park Received $100,000 in Farm Subsidies ( Illinois )

    12/12/2013 5:17:53 AM PST · by george76 · 21 replies
    Gateway Pundit ^ | December 10, 2013 | Jim Hoft
    Your tax dollars at work… Millions of dollars in farm subsidies were given to city dwellers including over $100,000 to Louis Farrakhan in Hyde Park!
  • Duke Energy Fine for Bird Kills is All Show, No Substance

    12/02/2013 12:32:10 PM PST · by jazusamo · 11 replies
    NLPC ^ | December 2, 2013 | Paul Chesser
    Last week’s punishment/settlement between the Department of Justice andDuke Energy over bird deaths caused by itswindturbines gives evidence that the Obama administration needed a scapegoat, to defuse accusations that it applies a double-standard in enforcement of wildlife laws. The Friday before Thanksgiving both parties announced that Duke would pay $1 million for the deaths of more than 160 birds that are protected by the Migratory Bird Treaty Act. The incidents occurred over the last four years at two Wyoming sites operated by the utility’s Duke Energy Renewables subsidiary. “This case represents the first criminal conviction under the Migratory Bird Treaty...
  • NHTSA to Investigate Tesla Fires as Battery Facts Remain Elusive

    11/26/2013 3:20:32 PM PST · by jazusamo · 13 replies
    NLPC ^ | November 25, 2013 | Paul Chesser
    After three recent fires, Tesla Motors CEO Elon Musk said he asked the National Highway Tranportation Safety Administration to investigate its Model S. NHTSA said no he didn’t. Tesla has been saying it received the highest safety rating in the U.S., a “new combined record of 5.4 stars.” NHTSA says there’s no such thing. Musk said he expects the investigation will clear Tesla after incidents in which metal objects struck the underside where the Model S battery is located. NHTSA says we’ll see, and a decision whether there should be a recall will likely take months. Maybe a lie...
  • Obamacare Prices Bite Congressional Staffers

    11/23/2013 10:41:03 AM PST · by John Semmens · 1 replies
    Semi-News/Semi-Satire ^ | 22 Nov 2013 | John Semmens
    Even though Congressional staffers were illegally granted subsidies they aren’t qualified to receive under the Affordable Care Act regulations many are finding that the cost for health insurance is far higher than expected. “In a shock to the system, the older staff in my office have now found out their personal health insurance costs have gone up 3-4 times what they were paying before,” Minh Ta, chief of staff to Representative Gwen Moore (D-Wis) complained. “The coverage is worse. The cost is higher. This is simply unacceptable.” That the deal is even worse for members of the general public who...
  • Taxpayers Pay $176 per Gallon of Gas “Saved” by Chevy Volt

    11/22/2013 8:38:27 AM PST · by jazusamo · 21 replies
    NLPC ^ | November 22, 2013 | Mark Modica
    I have to hand it to General Motors and those Chevy Volt supporters who continue to come up with creative ways to espouse the virtues of the slow selling and heavily subsidized vehicle. They just won't give up. The latest figures being presented in political fashion utilize large numbers that, on the surface, appear impressive. When analyzed, the figures give more insight into just how much taxpayer money is being wasted on green subsidies, particularly on electric vehicles (EVs). Sound the trumpets! According to Green Car Reports, the Chevy Volt has saved 17 million gallons of gas to date. Now...
  • Solar firm linked to Obama donors could be 'next Solyndra,' top GOP Sen. warns

    11/19/2013 6:01:59 PM PST · by jazusamo · 17 replies
    Fox News ^ | November 19, 2013 | Joseph Weber
    A California-based solar company backed by several Obama supporters has been receiving millions in federal tax credits while losing $322 million since 2008, raising concerns about the company “becoming the next Solyndra.” Among SolarCity Corp.’s biggest investors is Elon Musk -- the high-profile donor and fundraiser who co-founded PayPal and whose companies SpaceX and electric-car company Tesla Motors have received at least $846 million in loans and startup money from the Obama administration. Alabama Sen. Jeff Sessions, the top Republican on the Senate Budget Committee, warned about SolarCity’s financial standing in a letter Monday to the Treasury Department. “There is...
  • Tesla to Target Rich, Environmentally Conscientious Rednecks?

    11/18/2013 8:44:30 AM PST · by jazusamo · 32 replies
    NLPC ^ | November 18, 2013 | Mark Modica
    Tesla CEO, Elon Musk, seems to have reached cult status with green ideologues, as well as with many in the media. Musk's name often goes hand in hand with descriptive monikers like "visionary" and "genius." Of course, what Musk is really a genius at is getting politicians to fund his private businesses ventures with taxpayer money so they don't have to make a profit. It might also be time to step back and ponder the genius of Musk's latest idea. It is for Tesla to compete with Ford's best selling F-series trucks by offering up an electric pickup truck....
  • CLASSIC: Young 'Conservative' David Brooks -Arguing for Fed Subsidies -Crushed by Milton Friedman

    11/18/2013 5:14:25 AM PST · by Reaganite Republican · 13 replies
    Reaganite Republican ^ | 18 November 2013 | Reaganite Republican
    Should higher-education be subsidized? Friedman: 'You have a case in which you are imposing taxes on relatively low-income people to confer very large benefits on upper-income people...' Brooks: 'I think as soon as you start offering people economic incentives to get educated -or to use the education that they get for economic means- in other words when you put a price-tag on knowledge, I think that you're gonna be... Friedman: 'What are you talking about? You mean to say that the graduates of colleges and universities don't use their capacities in a direction influenced by the money they can earn...?...