Proponents of the new health care law appeared to be on solid ground when they said that it would extend affordable health insurance to millions of Americans.No longer.At a hearing of the health subcommittee of the House Committee on Oversight and Government Reform, Cornell University economics professor Richard Burkhauser showed that in 2014, millions of low-income Americans may be unable to get subsidized health insurance through the new health care exchanges. Read More
WHAT: The Senate voted 73-27 to cut billions of dollars in subsidies for the profitable U.S. ethanol industry, scoring the first victory against the powerful corn-state lobby.
WHY IT’S WASTEFUL: Ethanol processing consumes more energy and produces more pollution than it saves. It raises corn-food prices and depends on federal mandates. Read More
RCP's Scott Conoy picks up this latest nugget from Sarah Palin's 'One Nation' bus tour: Read More
As they’ve done in the past, American business interests are clamoring for more government support to fight off the protectionist policies of China. This round of protests come with the visit of Chinese President Hu Jintao to the White House and his meeting with 18 Chinese and American business leaders yesterday. Read More
In order to help pay for the $20 billion "Doc Fix" in Medicare payment rates, the government now has an “exchange recapture subsidy,” which basically allows the government to compel low-income families to return any excess subsidies they might have gotten from Obamacare. Read More
One of Washington's biggest environmental lobbies, the Natural Resources Defense Council, just sent out this press release calling for an end to the $6 billion in subsidies for "biofuel," err, ethanol. Well, you know what they say about stopped clocks -- as it happens the NRDC is absolutely right about this one: Read More
When you see bipartisan agreement on energy and transportation policy, it means one thing: truckloads of subsidies for well-connected big businesses touting some unproven high-tech "green" solution. Most green subsidies are mostly harmless (if also useless) -- such as solar and wind subsidies. Read More
COLUMBUS, OHIO -- Gov. Ted Strickland stood to the side of the podium as the CEO who was hosting the press conference introduced him as "a friend of the industry."
The room was full of Democrats, who usually consider "friend of the industry" a dire insult. But the industry in question was renewable energy and conservation. When Strickland stepped behind the podium, wearing a green tie, he was flanked by CEOs from leading solar and wind companies. Read More
Governor Chris Christie is riling all the right folks. His latest enemy is Hollywood. Christie, you see, killed a corporate welfare tax break for film production, and now he’s battling the legislature’s effort to reinstate it.
Josh Barro has a solid piece on this topic at Real Clear Markets. Here’s his conclusion: Read More
Tomorrow morning, if you want a nice breakfast, have $2,500 to spare, and depend for your paycheck on federal energy subsidies, show up at Charlie Palmer Steak on Capitol Hill. Harry Reid is hosting a fundraiser “with energy and natural resources industry leaders,” including the lobbies for the utilities, wind, and solar lobbies
As of earlier this week, the hosts were: Read More