Tag: subsidies

The latest Subsidy Tracker reveals that some of the most prominent Silicon Valley tech corporations enjoy $840 billion in government subsidies.

President Donald Trump’s decision earlier this month to end federal subsidies to insurance companies on the Obamacare exchanges will, ironically, allow many more individuals to qualify for free health insurance.

California and New York will lead 16 states, including D.C., into a lawsuit to preserve subsidies to health insurance companies on the Obamacare exchanges, after a ruling by the U.S. Court of Appeals for the District of Columbia Circuit Tuesday.

Tom Miller, a resident fellow at the American Enterprise Institute (AEI) specializing in health insurance regulation, discussed the Senate’s Obamacare reform bill with SiriusXM host Alex Marlow on Monday’s Breitbart News Daily.

Despite President-elect Donald Trump picking hard-core Obamacare foe Republican Rep. Tom Price (R-GA) as the next Secretary of Health and Human Services, California’s huge Obamacare exchange thinks it can survive the promised “repeal and replace.”

AUSTIN, Texas — Local firefighters are pushing back against a lawsuit alleging they are spending a significant amount of time engaging in union activities when they should be answering calls.

The only good news from California’s wildly subsidized Ivanpah Solar Electric Generating System is that it has reduced its rate of incinerating wild birds from 10 to 2 per hour.

The news that insurance giant Aetna was canceling future ObamaCare expansion plans and also pulling out of most ObamaCare markets has fused the Affordable Care Act bomb for one final, cataclysmic detonation. The whole rotten scheme is falling apart, and it’s

The Prime Minister David Cameron has warned that leaving the European Union (EU) would cost the British farming industry £330 million. Yet Britain currently pays ten times that figure to subsidise its European farming competitors, meaning the government could easily

ObamaCare: we’re forced to buy it at gunpoint, other people are forced to pick up part of the tab at gunpoint, and they still can’t get enough suckers to buy it.

We are all forced, at gunpoint, to lavishly subsidize the manufacture and sale of electric cars, which tend to be a boutique product for very rich people. Every step of production and sale is juiced with subsidies. No one is selling electric cars for their actual market price, and even with all that subsidy sugar to help the medicine go down, hardly anyone is interested in buying them. It’s one of the biggest forced transfers of wealth from middle-income taxpayers to rich people ever conceived.

U.S. Department of Agriculture (USDA) Under Secretary for Farm and Foreign Agricultural Services Michael Scuse, who led a trade mission of representatives from nine state departments of agriculture and 28 U.S. companies to northeast China in 2014, announced that United States ethanol exports to China have increased exponentially.

We have a load of headlines and sound bites about how “the end of the fossil fuel era” and Paris has put oil decisively on “the wrong side of history” – which is, not coincidentally, the same term our effete ruling class and inept President Obama use to describe ISIS terrorism. Meanwhile, as New York magazine noted, many proponents of the Paris plan “agree that its value is more about symbolism and hoped-for gains than near-term substance, and critics are zooming in on the agreement’s lack of legal teeth, as well as how optimistic it seems to be about future international cooperation, technological advancement, and the sustained domestic will within each country.”

As Carlsbad’s $1 billion desalination plant is about to go online in the next 30 days, residents can look forward to paying for huge water subsidies to a private company for the next 30 years.

Dear Mr Delingpole, I am just completing my BA joint honours degree in Candy Crush and Rape Culture studies and wondered whether you could kindly advise me on my career options. A bit about me: I’m a vicious sociopath looking

The dissent, by Justice Antonin Scalia, was blistering. “Words no longer have meaning if an Exchange that is not established by a State is ‘established by the State,'” he wrote.

Everyone knew Gruber was critical to ObamaCare, and when he was caught on tape high-fiving himself for helping to fool what he described as “stupid” American voters with the Affordable Care Act’s web of false promises and ludicrous projections, he was speaking from the Administration’s heart.

There seems to be a lot of confusion regarding how federal subsidies impact the price of goods in the marketplace. While subsidies are often seen as a mechanism to make products cheaper, the reality is, government subsidies do the exact opposite.

The Silicon Valley Business Journal is reporting that “Elon Musk’s Tesla Motors is on track to win $15 million in new tax breaks as part of the final round of this year’s California Competes tax credit.” According to Governor Brown’s GO-Biz website, tax credits are awarded to businesses that come or stay and grow in California. With much of his $13.3 billion net worth coming from tax subsidies, Musk may celebrate his latest gift of “government cheese” from Reno, where Tesla’s highly-subsidized $5 billion giga-factory is being built.

That’s right, ObamaCare victims: those massive premiums you’re struggling to pay, while simultaneously forking over fat tax payments to subsidize the premiums of your neighbors, are much lower than they really should be, because vampire government is also sucking tax money out of you to pay the insurance companies off. The whole scheme falls apart right about the time Barack Obama leaves office, confident that a huge and surly army of insurance welfare dependents, backed up by heavy political and lobbyist artillery from rent-seeking insurance companies, will make his boondoggle indestructible, no matter how unpopular it gets.

With major insurers in some states proposing up to 51 percent Obamacare insurance premium increases, liberal Democrats are scrambling to avoid a political and financial disaster. One proposal is to merge California’s financially troubled “Covered California” exchange with the even more insolvent state exchanges, like “Cover Oregon,” which was forced to shut down last year.

Just as the last Republican in Detroit or Baltimore will be blamed for every problem faced by those troubled cities, despite generations of unchallenged Democrat rule; just as the public education system will never have enough money, no matter how lavish its per-pupil expenditures, and disappointing its results; just as the War on Poverty needs fresh financial ammunition, despite spending trillions over the course of decades to negligible effect; so everything wrong with Amtrak will be blamed on whoever resists the next demand for subsidy money.

Dr. Carson, I know you are smart, very smart. But you know medicine. You need very smart people to advise you on energy policy now, before you address the topic any further. I have a cadre of energy experts that I could make available to you—and any candidate who wants smart energy policy. Call me, maybe?

As the Supreme Court takes up a case that would rule out subsidies for health insurance in roughly three dozen states, which would crush insurance markets in those states and cripple Obamacare, Senator Ted Cruz—along with Senator Marco Rubio—is offering his own health insurance proposal.

Most observers of the legal battle over Obamacare’s subsidies are now familiar with the two clips (one video and one audio) in which economist Jonathan Gruber takes the plaintiff’s side, saying only states which set up an exchange will receive subsidies. But a third example of Gruber saying much the same thing has, so far, received very little attention.

Energy Secretary Ed Davey handed out more than £4 billion in lucrative subsidies to renewable energy companies yesterday, but industry lobbyists and green campaigners have insisted that the sum still isn’t enough. Meanwhile, Conservative Parliamentarians have reacted furiously to news that

A report found that the Department of Housing and Urban Development (HUD) gave away $37 million that was meant for housing subsidies for the poor to those who weren’t eligible for the program.

The go-ahead has been given for the world’s biggest offshore wind farm to be built just 80 miles off the Yorkshire coast. The scheme will see 400 turbines spaced over 430 square miles and will cost taxpayers £10.5 billion in subsidies,

The next ObamaCare disaster critics have been warning about is upon us, as the approach of Tax Day means it’s time for subsidy recipients to settle up with the Internal Revenue Service.