Despite a fiscal cliff and sequestration worries, more than $1.2 billion in cash payments for energy projects (in lieu of tax credits) have been issued by the Department of Treasury and Department of Energy since January 1, according to documents from the U.S. Treasury. Through February 14, $1,254,769,726 was distributed …
During last night’s State of the Union address, President Obama proposed fighting poverty by raising the minimum wage. It sounds appealing but it will not work. Labor economists have repeatedly studied the effects of minimum wage increases. They find no correlation between higher minimum wages and lower poverty. Raising the …
Not all surprises are good. When it comes to Obamacare, the original projections are turning into unfortunately different realities. For the next 11 days, Heritage is going to highlight one of the various changes in Obamacare projections (i.e. cost, enrollment, etc.) from when the law first passed until now. The …
In the midst of President Obama’s push to hike taxes on the most successful job-creating Americans, the President proposed a new “stimulus” of $25 billion to offer tax breaks to businesses for hiring new employees or paying workers higher salaries. Sound like déjà vu? That’s because Congress and the Obama …
The production tax credit (PTC) for wind energy is set to expire at the end of this year, but its supporters are arguing for an everlasting extension using twisted logic. For a while, the argument was that businesses need certainty. The law as it currently stands provides certainty—eligibility for the …
“I’ve said that this is a make-or-break moment for the middle class, and I believe it,” President Obama told an Ohio crowd yesterday. Indeed it is—because in a sluggish economy, American taxpayers are about to be clobbered by the largest tax increase in history. Starting January 1, 2013, Americans will …
With the current debate over ending oil producers’ subsidies the question arises as to what subsidies do the producers actually get. It is a surprisingly complicated question. Wind producers also get subsidies that take complex forms—investment tax credits, production tax credits, mandates, property tax exemptions, etc. But the major federal …
As President Obama continues campaigning for yet another round of stimulus it appears now that even democrats are beginning to question the soundness of this strategy. This new focus includes a $5,000 tax credit—among other items— for any business that hires a new worker—effective the year the legislation is passed. …
Yesterday, state lawmakers in Indiana passed a scholarship tax credit program—making the Hoosier state the latest to offer private school choice. Under the plan, people or corporations who make donations to non-profits that award tuition scholarships will be eligible for a 50-percent tax credit off their state bill. A total …
