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Keyword: subsidies

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  • The Louisiana Senate race: Sweet success

    10/30/2014 3:31:48 PM PDT · by ObamahatesPACoal · 3 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...
  • Withdrawal from Occupied Obamacare

    08/08/2014 11:01:39 AM PDT · by Kaslin · 4 replies
    Townhall.com ^ | August 8, 2014 | Hank Adler
    The language of the Obamacare legislation is unambiguous: the monthly premiums for such month for 1 or more qualified health plans offered in the individual market within a State which cover the taxpayer, the taxpayer’s spouse, or any dependent (as defined in section 152) of the taxpayer and which were enrolled in through an Exchange established by the State under 1311 [1] of the Patient Protection and Affordable Care Act This language clearly and concisely provides that the Obama administration did not and does not have the right to provide subsidies to individuals enrolled in states that did not organize...
  • Ethanol issue: Explosive for Ted Cruz, Rand Paul

    08/06/2014 3:33:21 PM PDT · by SeekAndFind · 78 replies
    The Hill ^ | 08/06/2014 | Alexander Bolton
    Sens. Ted Cruz (Texas) and Rand Paul (Ky.) are trying to avoid an ethanol landmine in Iowa. Both Republican senators have criticized federal subsidies for ethanol, which are popular in Iowa, the state hosting the first Republican contest in the 2016 race for the White House. Iowa kingmakers in the party such as Sen. Chuck Grassley want the Republican presidential nominee in 2016 to champion ethanol. That’s a problem for Cruz and to a lesser extent for Paul, who are both crisscrossing the state this week in advance of possible campaigns for the presidency. Cruz has introduced legislation that would...
  • 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,...