Unless Congress acts, March 1 will trigger a $55 billion-per-year ($43 billion in 2013, as the fiscal cliff deal delayed the cuts for two months) cut in national defense, known as sequestration, which will weaken the United States’s ability to defend itself. But this does not have to happen; Congress …
Federal requirements for monitoring jobs data associated with President Obama’s stimulus package are insufficient to ensure that that the information is accurate, according to a review of that data compiled by the Inspector General of the U.S. Department of Agriculture. The IG released a report this week documenting widespread inaccuracies in …
Three solar companies are under investigation for potentially inflating costs in order to draw down more money from a stimulus-funded loan program. All three boast investors with significant ties to the Obama White House. The Treasury Department has subpoenaed Solar City, SunRun, and Sungevity, The Washington Post reports, seeking to …
President Obama made his first offer to congressional Republicans yesterday in negotiations over the “fiscal cliff”—an economic catastrophe of tax hikes just a few weeks away. The White House’s proposal? $1.6 trillion in tax increases, $50 billion in new stimulus spending, and a change that would make it easier to …
Claims that Chinese solar subsidies killed Abound Solar—and not faulty solar panels made by the company itself—are beginning to wear as thin as the solar panels they produced. A Denver news channel’s documents characterized the company’s solar panels as “low performance” and suffering from “catastrophic failures.” A Daily Caller report …
A pair of foreign-owned solar companies that benefited from a combined $84 million in Energy Department tax credits have announced they will lay off employees. One of the companies, German-owned SolarWorld, was integral in the fight for tariffs against the importation of Chinese photovoltaic solar panels. The other, Chinese company SunTech, blamed …
A pair of left-wing groups misused hundreds of thousands of dollars in stimulus grant funds, according to federal investigators, who questioned the validity of every dollar the two groups received. In a report released Monday, Department of Housing and Urban Development’s inspector general raised concerns about $752,982 in stimulus disbursements …
As a follow up to the Green Graveyard overview, this post provides additional information concerning the funding for each of the now-bankrupt green energy companies. In one of the most extensive compilations to date, Heritage has identified 19 bankrupt green energy companies that were unable to succeed even with the …
Despite more than $14 billion in cash payments to solar, wind, and other renewable energy project developers since 2009, just 48 terawatt hours of additional annual electricity generation were expected to be added through funds authorized by the stimulus, according to documents released by the Department of Treasury. The more …
According to Friday’s Washington Post, the Administration is considering a new, short-term tax cut. Should conservatives cheer? As a matter of principle, there are at least two reasons to dislike taxes and to applaud tax cuts. First, taxes take money away from those who made the money in the first …
