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Tag Archives: Subsidies


New Poll: Americans Oppose Electric Car Subsidies

By George LandrithTownhall

Elon Musk made headlines last week when he declared via Twitter that he is “a socialist.”

But hardworking ratepayers and taxpayers who must endure price hikes to subsidize the electric car industry have long been aware of Musk’s preference for wealth redistribution – not through Twitter but Tesla.

Electric vehicle manufacturers are the beneficiaries of zero-emissions credits – through which the multibillionaire’s corporation received $860 million throughout the last three years – as well as charging stations funded by ratepayers. Owners of luxury electric vehicles, meanwhile, can take advantage of a federal $7,500 tax credit and, as a POLITICO piece recently explained, Continue reading


Obamacare Subsidies Projected to More Than Double Over Next Decade

by Ali Meyer • Washington Free Beacon

Subsidies for health insurance purchased through the marketplaces established under the Affordable Care Act are projected to more than double over the next decade, according to a report from the Congressional Budget Office.

The report, which evaluated spending for various means-tested programs or programs that offer benefits to those who earn income under a certain threshold, found that spending on Obamacare subsidies will total $42 billion in 2017 and are estimated to more than double to $97 billion by 2027.

In fiscal year 2016, payments for subsidies totaled $31 billion and, according to the budget office, payments will grow rapidly in 2017 and 2018 largely due to the growth in enrollment. Continue reading


America’s Economic Freedom Has Rapidly Declined Under Obama

America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts.

by Anthony B. Kim     •     Daily Signal

obama_frownMillions of people around the world are emerging from poverty thanks to rising economic freedom. But by sharp contrast, America’s economic freedom has been on a declining path over the past decade.

According to the 2016 Index of Economic Freedom, an annual publication by The Heritage Foundation, America’s economic freedom has tumbled. With losses of economic freedom in eight of the past nine years, the U.S. has tied its worst score ever, wiping out a decade of progress.

The U.S. has fallen from the 6th freest economy in the world, when President Barack Obama took office, to 11th place in 2016. America’s declining score in the index is closely related to rapidly rising government spending, subsidies, and bailouts. Continue reading


Obamacare fines rise as subsidies go to people who don’t exist

by Eric Boehm     •     Watchdog.org

GOING JUST FINE: It was the first year in which purchasing health insurance was made mandatory under the ACA, with penalties of $95 or 1 percent of total income. The average penalty collected for the 2014 tax year was about $200, the IRS reported.

The IRS fined more than 7.5 million Americans who didn’t have health insurance in 2014, even as Obamacare subsidies flowed to people who didn’t even exist.

The Treasury Department reported last week the number of Americans who faced fines because of the Affordable Care Act’s individual mandate was significantly higher than the Obama administration expected. For 2014, the IRS projected that roughly 6 million would face fines, but the final total was 1.5 million higher.

It was the first year in which buying health insurance was made mandatory under the ACA, with penalties of $95 or 1 percent of total income – whichever was higher – for people who did not comply. Continue reading


If Wind Energy Is “Strong” Why Does It Need Subsidies?

American Energy Alliance

Wind Energy Subsidies Green EnergyLast week, the American Wind Energy Association (AWEA) released its second quarter 2015 U.S. wind energy market report. In a press release, AWEA CEO Tom Kiernan hails the report as indicative of a vibrant wind energy industry: “With a near-record amount of wind capacity under construction, this looks to be a strong year for American wind power.” However, Kiernan quickly changes tone, stating that “…to create longer term stability for the industry the full Senate and the House of Representatives must move quickly to extend the PTC,” or wind Production Tax Credit.

If the wind industry is “strong,” then why does it need subsidies for “stability”? This doublespeak is a favorite tactic of AWEA, who continues to boast about how vibrant the wind industry is while also lobbying for more subsidies that they supposedly need to survive. AWEA and wind advocates can’t have it both ways: if they expect Americans to believe their claims that wind energy is booming, then the industry should give up the PTC and stand on its own two feet. Continue reading


Wind Farms Getting a Pass on Killing Endangered Species?

by Tom Steward   •   Daily Signal

wind turbine mill birds batsNothing strikes fear into developers and property owners more than a new critter on the federal list of endangered species.

Case in point: The northern long-eared bat, found in 39 states. The U.S. Fish and Wildlife Service probably will place it on the list in April.

The logging industry is worried.

“The economic loss to the entire state of Michigan would be devastating, if timber harvesting were to be restricted to the winter months in their habitat area,” said Brenda Owen, executive director of the Michigan Association of Timbermen. “This is not a viable solution to the bat’s decline, and it’s never a solution that the Timbermen would stand by and let happen.” Continue reading


Tax dollars blowing in the wind-energy production credit

by Ernest Istook   •   Washington Times

Wind Energy Subsidies Green EnergyCrony capitalism plans are so lucrative for a select few that they are hard to kill. Those who get rich make generous campaign contributions, hire lobbyists and run massive public relations propaganda campaigns, using the billions of our tax dollars that they receive.

One “temporary” measure — the wind-energy production tax credit (PTC) — has received eight “temporary” extensions since 1992 and now backers want to add several years more. After 20 years of soaking taxpayers for billions of dollars in subsidies and raising electric bills, it’s overdue for the PTC to end. It expired at the end of 2013, yet some lawmakers want to give it new life, plus an additional $18 billion, during the postelection lame-duck session of Congress. Continue reading