President Biden has just unveiled a new $2.3 trillion “infrastructure” plan, but a shockingly large portion of this bill is actually unrelated to infrastructure.
The plan includes massive subsidies for corporations as well as state and local governments, and comes right after the administration’s proposed increase in the corporate tax rate, which would raise the rate from 21 percent to 28 percent.
There’s $300 billion for manufacturing, $100 billion for electric utilities, $100 billion for broadband, $174 billion for electric vehicles, and a whole lot more. A significant portion of this spending is directed at subsidizing big corporations. Read More
Volkswagen hired Bob Corker’s former chief of staff, Todd Womack, to do lobbying on trade matters, proving that working as a public servant can pay off. Womack made the announcement Friday on Twitter: “Excited to be working with @VW.” He is president and CEO of Bridge Public Affairs, a lobbying… Read More
The TV show “Nashville” may finally be ending, but taxpayers have been stuck with the tab for this and other “flops,” conservative think tank says in a new report. The Beacon Center of Tennessee released the “Calling Cut on Film Incentives” report Wednesday to decry the bad “investments” the state… Read More
A $17.5 million tax incentive from the state of Tennessee to lure 1,000 jobs to Nashville–$17,500 per job—came at the expense of taxpayers to lure well-paid corporate executives when they already were drawn to the state’s other features like a favorable tax structure, experts say. The Tennessee Department of Economic… Read More
by Rick Manning “No tariffs, no barriers, that’s the way it should be — and no subsidies,” President Donald Trump during a speech to G-7 leaders on June 8, 2018. Congress has a chance to move the ball forward on achieving this ideal as they consider the farm bill. … Read More
With relentless attacks coming from oil refiners and powerful lawmakers on Capitol Hill, ethanol industry leaders this week are clinging to President Trump and casting him as their unwavering ally – even though key members of his administration are looking at regulatory changes that could hurt the biofuels sector. Read More
Conservative groups wrote a letter to Congress Tuesday asking lawmakers on the appropriations committee to eliminate a solar subsidy program worth $270 million. Conservatives want Congress to pull funding from the Energy Department’s SunShot Initiative, citing recent investigations that found the program provided subsidies for rooftop solar power. The letter… Read More