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Keyword: subsidies

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  • Op-Ed: Pay Attention to What Biden and the IRS Are Conspiring On, Because It's Big

    06/11/2022 6:00:39 PM PDT · by Boomer · 14 replies
    TWJ ^ | June 11, 2022 | Jonathan Imbody
    Biden’s latest end-run around Congress turns a scandalously compliant IRS into a political tool. An executive order and presumed behind-the-scenes White House lobbying have convinced the supposedly apolitical tax agency to issue a statute-defying regulation that creates a new government health care subsidies affordability test. The White House boasts that the plan could reduce the number of uninsured by 200,000, but the Congressional Budget Office and health experts estimate the tiny change will cost taxpayers $225,000 per person.
  • Solar Power, Subsidies, and the Real World

    05/09/2022 4:47:59 PM PDT · by jfd1776 · 8 replies
    Illinois Review ^ | May 9, AD 2022 | John F Di Leo
    While budgets should have been getting tighter for years now, some states, at least, are finally awakening to the need to watch their spending. Well, better late than never, right? One example of this newfound awareness is the effort of some to reconsider our generous subsidies for solar panels, particularly the rooftop panels that one sees high atop single family homes across otherwise reasonable suburbs. Mississippi, Florida, and other states are in the news right now as they debate the question of rethinking the levels at which the taxpayer ought to subsidize the homeowner for this choice of dubious economic...
  • Tacoma Narrows Bridge tolls to drop 75 cents

    04/06/2022 4:09:30 AM PDT · by Tolerance Sucks Rocks · 26 replies
    Gig Harbor Now ^ | March 10, 2022 | Ed Friedrich
    Tacoma Narrows Bridge tolls will be reduced by 75 cents beginning in September, with the intent that they remain at that rate until the span is paid off in 10 years. The decrease is the result of Substitute Senate Bill 5488, which requires transfers of $3.25 million from the general fund to the toll bridge account each quarter until June 2032, for a total of $130 million. After the House changed the bill on Saturday, the Senate had to concur on Thursday, which sponsor Sen. Emily Randall, D-Bremerton, said it would. Rates — currently set at $5.25 with a Good...
  • ANALYSIS-Ukraine crisis could boost ballooning fossil fuel subsidies

    03/08/2022 8:37:41 AM PST · by Oldeconomybuyer · 7 replies
    Reuters via ^ | March 8, 2022 | by Noah Browning and Stephanie Kelly
    LONDON, March 8 (Reuters) - Sky-high oil prices resulting from a potential Russian oil import ban could force governments to pour more cash into fossil fuel subsidies to shield consumers from rising energy bills, rather than use the money to fight climate change. Even before Russia's invasion of Ukraine, rising energy costs had triggered a wave of subsidies despite countries agreeing to rein them in at the COP26 climate conference in November. "The last thing that governments want to do is increase any subsidies for fossil fuel use but they have to be sensitive to the price shock," said Ben...

    03/01/2022 1:53:18 PM PST · by Tell It Right · 22 replies
    Reuters ^ | 12/9/2021 | Reuters
    (the money quote): "U.S. grain and soy plantings Prevented plantings (thousands of acres) Crop Dec. 1, Nov. 9, Dec. 1, 2021 2021 2020 Corn 639 639 6,186 Soybeans 341 341 1,476 Wheat 293 293 1,272 Total for all U.S. crops 2,104 2,104 10,219"
  • Elon Musk Calls Gavin Newsom's California Solar Tax a 'Bizarre Anti-Environment

    01/12/2022 10:18:30 AM PST · by Vendome · 53 replies
    MSN ^ | 1-12-20222 | Brendan Cole
    Elon Musk has attacked a draft plan under consideration in California that critics say disincentivizes the use of rooftop solar panels.The Tesla founder was responding to changes proposed by the California Public Utilities Commission (CPUC) to the state's Net Energy Metering (NEM) program.Under the program, the estimated 1.3 million homeowners and businesses in the Golden State who have installed rooftop solar panels can sell back surplus energy to the grid and receive credit on their bills.But last month the CPUC released a proposal calling for a number of changes, one of which is how much customers are paid when they...
  • A New Approach to Ending the Not So Sweet Sugar Subsidies

    12/30/2021 5:43:39 AM PST · by Kaslin · 21 replies ^ | December30, 2021 | Rick Manning
    During the holiday season candy canes are once again omnipresent with all the joy they represent to go with their yummy goodness. But the business behind the production of that candy cane is fraught with trade battles pitting nations against one another as quotas and subsidization distort any sense of an honest pricing model. That is why it is good news that earlier this year, Representatives Kat Cammack (R-FL) and Dale Kildee (D-MI) introduced a new resolution to zero out the foreign subsidies that make sugar the world’s most distorted commodity market. “Time and again, the survival of American sugar...
  • Elon Musk: Government Is 'the Biggest Corporation, With a Monopoly on Violence, Where You Have No Recourse'

    12/08/2021 4:06:37 PM PST · by nickcarraway · 45 replies
    Reason ^ | 12.8.2021 | Liz Wolfe
    Musk's finally ready to admit that government subsidies distort markets and that government actors are terrible at capital allocation."Say tomorrow, you get a phone call from Joe Biden," asked Wall Street Journal tech columnist Joanna Stern to Tesla CEO Elon Musk in a Monday night forum. "And he asks: What are your needs from this [$2 trillion spending] bill? How do you answer him?" "We don't think about it at all, really," Musk said, channeling Don Draper to the tune of the audience's uneasy laughter. "It might be better if the bill doesn't pass," Musk added. "The federal budget deficit...
  • The Cost of Insuring Expensive Waterfront Homes Is About to Skyrocket

    09/24/2021 11:19:53 AM PDT · by Theoria · 90 replies
    The New York Times ^ | 24 Sept 2021 | Christopher Flavelle
    Florida’s version of the American dream, which holds that even people of relatively modest means can aspire to live near the water, depends on a few crucial components: sugar white beaches, soft ocean breezes and federal flood insurance that is heavily subsidized. But starting Oct. 1, communities in Florida and elsewhere around the country will see those subsidies begin to disappear in a nationwide experiment in trying to adapt to climate change: Forcing Americans to pay something closer to the real cost of their flood risk, which is rising as the planet warms. While the program also covers homes around...
  • House Dems Propose $1 Billion in Subsidies for Local Newspapers

    09/15/2021 4:50:26 PM PDT · by Olog-hai · 53 replies
    Washington Free Beacon ^ | September 14, 2021 4:50 pm | Chuck Ross
    House Democrats are offering more than $1 billion in subsidies to local newspapers as part of a massive spending proposal released this week, even as polls show record levels of distrust in the media. The $3.5 trillion spending plan includes up to $25,000 in payroll tax credits for each journalist on a local newspaper’s payroll. The carve-out will cost $1.3 billion over the next decade, according to the Joint Committee on Taxation. To offset this and other tax credits included in the bill, Democrats are proposing $2.9 trillion in tax hikes through higher corporate, capital gains, and personal income tax...
  • Corporate Welfare

    09/15/2021 3:10:36 AM PDT · by Kaslin · 5 replies ^ | September 15, 2021 | John Stossel,
    Today's politicians want to spend more on EVERYTHING: Amtrak subsidies, sports stadium subsidies, green energy subsidies, even fossil fuel subsidies ... resident Joe Biden says the handouts will "put more money in your pocket." House Speaker Nancy Pelosi claims they will "protect the planet for the children." They might. But a disproportionate amount of the money will end up in the hands of big companies -- the ones with the most lawyers and lobbyists. A new documentary, "Corporate Welfare: Where's the Outrage?" gives examples of this. This week, my new video covers two of the worst. First, tax "breaks." Memphis,...
  • Egypt's Bread Subsidies May Bring Millions to the Brink of Starvation

    08/18/2021 5:52:58 AM PDT · by dynachrome · 6 replies
    Mises Institute ^ | 8-17-21 | Dave Albin
    In Egypt, the recent announcement that bread prices, long subsidized for much of the population, would likely have to rise was met with cries of despair. Indeed, over two-thirds of the population of Egypt depend on inexpensive bread for daily sustenance. In order to understand the current situation in Egypt, it’s imperative to learn how the current situation was created in the first place. First, the word used for bread in Egypt is different from the word common to other Arab countries, and is intertwined with the word meaning “to live.” Also, the most common type of bread in Egypt,...
  • Russian govt allows Energomash to hold talks on concluding contract for supply of RD181M rocket engines to U.S

    07/19/2021 6:51:47 PM PDT · by elpadre · 21 replies ^ | July 16, 2021
    MOSCOW. July 16 (Interfax) - The Russian government has approved talks between NPO Energomash and America's Orbital Sciences LLC on a contract for the use of the RD181M engine in the Antares launch vehicle, under a directive published on the official website for legal information. "To accept a proposal by the Roscosmos State Corporation for Space Activities, which was agreed with concerned federal executive authorities, on conducting negotiation between the joint-stock company NPO Energomash named after Academic V.P. Glushko and Orbital Sciences LLC (United States of America) on the conclusion of a contract for the use of the RD181M liquid-propellant...
  • Why Was $66 Billion Spent on Renewables Before the Texas Blackouts? Because Big Wind and Big Solar Got $22 Billion in Subsidies

    06/21/2021 6:03:20 PM PDT · by george76 · 14 replies
    RealClear Energy ^ | June 17, 2021 | Robert Bryce
    The oldest maxim in politics is “follow the money.” That maxim also applies to electric grids. Following the billions of dollars that have been spent on the Texas grid explains why the state continues to have electricity shortages. On Monday, ERCOT, the state’s troubled grid operator, asked Texans to reduce their electricity use. That request came exactly four months after Texas residents were asked to conserve electricity due to a massive winter storm. Before going further, I’ll give you the punchline: As I explained in these pages in April, about $66 billion was spent on wind and solar in Texas...
  • Food Is Freedom: How Washington’s Food Subsidies Have Helped Make Americans Fat and Sick

    05/14/2021 7:06:21 PM PDT · by ammodotcom · 26 replies ^ | 5/14/2021 | Sam Jacobs
    Farm subsidies are perhaps the ultimate, but secret, third rail of American politics. While entitlements are discussed out in the open, farm subsidies are rarely talked about – even though they are the most expensive subsidy Washington doles out. All told, the U.S. government spends $20 billion annually on farm subsidies, with approximately 39 percent of all farms receiving some sort of subsidy. For comparison, the oil industry gets about $4.6 billion annually and annual housing subsidies total another $15 billion. A significant portion of this $20 billion goes not to your local family farm, but to Big Aggie. (Note...
  • New law reduces sales tax on hydrogen vehicle purchases in Washington

    Washington solidifies goal to end sale of new gas-powered cars by 2030 A bill to promote hydrogen-powered vehicles is now a state law. “Giving residents more access to purchase greener vehicles is one more way we can work together to lower greenhouse gas impacts across the state,” Gov. Inslee said, as he signed the bill. Senator Brad Hawkins sponsored the bill, SB 5000, which creates an eight-year statewide pilot project for the reduction of sales tax on purchases of fuel-cell electric vehicles. “It’s had a long journey through five different committees, but it’s definitely generated a great deal of conversation...
  • Texas Power Outages Explained—Jason Isaac | American Thought Leaders

    02/21/2021 3:00:43 PM PST · by boxlunch · 56 replies
    American Thought Leaders - The Epoch Times ^ | February 20, 2021 | Jason Isaac
    What’s behind the devastating power outages in Texas? Some say the problem was freezing natural gas pipelines; some say it’s because wind turbines froze or mismanagement by the Electric Reliability Council of Texas (ERCOT). To find out what’s going on in Texas, I sat down with Jason Isaac, who predicted a power crisis in Texas months ago. He’s the director of Life:Powered, a national initiative of the Texas Public Policy Foundation seeking to “raise America’s energy IQ.” This is American Thought Leaders, and I’m Jan Jekielek.
  • Texas Power Outage Started with Bad Policy ["Green Energy" Subsidies]

    02/18/2021 8:47:37 AM PST · by austinrepub · 136 replies
    The Cannon Online ^ | 2/17/2021 | Texas Public Policy Foundation
    The story of how Texas was brought to its knees by crippling cold weather leaving millions without power is a complex one, yet entirely predictable and avoidable. The details matter, so it is important to know the long story, but let’s start with the short version: For years, Texas’ grid operator (ERCOT) has overestimated the ability to maintain a reliable grid without a sufficient supply buffer, known as a “reserve margin.” That margin is the difference between demand for electricity and what the grid can produce. When demand exceeds production, you get blackouts. That buffer has been shrinking because reliable...
  • Why Biden’s COVID Bailout Would Drag Down America’s Economic Recovery

    01/26/2021 9:58:04 AM PST · by Kaslin · 3 replies
    the federalist ^ | January 26, 2021 | Casey B. Mulligan
    Subsidize something — get more of it. Expect the Biden economy to have additional unemployment, increased poverty, and lower incomes for a longer period.resident Biden’s plan for federal coronavirus relief resembles the American Recovery Reinvestment Act (ARRA) signed by President Obama after the 2008 financial crisis. It uses several federal agencies to separately distribute financial assistance to persons unemployed, in poverty, or otherwise with low incomes, on top of the dozens of programs already in place. Predictably, it will result in a disappointing economic recovery as long as it lasts. The plan includes a $100 weekly unemployment bonus, on top...
  • Welcome Back Football, But Leave Subsidies on the Bench

    10/21/2020 1:05:45 PM PDT · by Kaslin · 10 replies ^ | October 21, 2020 | Young Voices Contribitors
    Editor's Note: This column was authored by Skip Estes. It’s official: football Sundays are back. Last month the Las Vegas Raiders officially unveiled their new, state-of-the-art home at Allegiant Stadium. With a sleek, black 275-foot videoboard that looks like it belongs in the Death Star and a real grass field grown atop a track that allows it to be rolled outside for sun exposure, the facility cost $1.9 billion — a pretty penny. Yet, the Raiders organization is not breaking a sweat over the astronomical cost of their new stadium. Why? Perhaps $750 million in taxpayer dollars has something to do with...