Democrats have inserted numerous provisions and subsidy programs into their $3.5 trillion budget that would benefit green energy companies and speed the transition to renewables.
The Build Back Better Act would invest an estimated $295 billion of taxpayer money into a variety of clean energy programs in what would amount to the most sweeping climate effort passed by Congress, according to a House Committee on Energy and Commerce report. That price tag doesn’t factor in the other costly measures approved by the House Ways and Means, Agriculture, Natural Resources, Oversight and Transportation committees last month.
“This bill is crammed with green welfare subsidies, specifically for corporations and the wealthy,” House Ways and Means Ranking Member Kevin Brady told the Daily Caller News Foundation in an interview. Read More
Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed the official guest host of The Tennessee Star Report, Grant Henry in studio to weigh in on trillion-dollar boondoggle Democrats have proposed. Read More
Democratic New York Rep. Alexandria Ocasio-Cortez urged illegal immigrants who are parents to children born in the U.S. to register for President Joe Biden’s child care tax credit payments on Thursday, video shows.
Parents and guardians will receive checks of $250 to $300 per child monthly until the end of 2021 including undocumented adults who care for children with valid Social Security numbers, according to Ocasio-Cortez.
“These centers are also offering help to undocumented folks with eligible children,” Ocasio-Cortez said. “So any child with a social security number is eligible. Do not count yourself out … if a parent and guardian is undocumented.” Read More
Peloton Interactive announced plans to build its first U.S. factory in Ohio, creating more than 2,000 jobs and investing more than $400 million in the state-of-the-art factory.
The new facility, in Troy Township between Toledo and Bowling Green, will be named Peloton Output Park and will produce Peloton Bike, Bike+ and Peloton Tread starting in 2023. It will employee 2,174 people and generate $138 million in new payroll.
The state approved a 2.301%, 15-year job creation tax credit for the company. Read More
Rising Republican star U.S. Rep. Josh Hawley, R-Mo., is sponsoring a new measure that would give unprecedented tax cuts to parents with children, and now he is saying his bill is on the front line of the nation’s “culture war.”
The plan in question would give a fully refundable tax credit of $12,000 for married parents and $6,000 for single parents who have children under the age of 13.
“Starting a family and raising children should not be a privilege only reserved for the wealthy,” Hawley said. “Millions of working people want to start a family and would like to care for their children at home, but current policies do not respect these preferences. American families should be supported, no matter how they choose to care for their kids.” Read More
The Georgia House approved a bill Monday that would increase foster care adoption tax credits in the state.
House Bill 114 increases the annual tax incentive for adopting a foster child from $2,000 to $6,000. Proponents of the bill, including Gov. Brian Kemp, hope the legislation encourages more Georgians to adopt foster children.
The bill cleared the House, 158-0, without debate. Read More
Georgia State Rep. David Clark (R-Buford) has introduced a bill that, if enacted into law, would repeal the state’s film, gaming, video, and digital production income tax credits. The language of Clark’s bill says little else. Read More
Members of the Georgia General Assembly this week proposed a bill that would, if enacted into law, give certain legislators enough power to audit up to five of the state’s tax credit programs. State Sen. John Albers (R-Roswell) is sponsoring the bill, along with 16 other state legislators. Read More
State lawmakers are considering a five-year tax credit for Ohio residents who purchase or lease a plug-in an electric vehicle (EV), a move proponents say will jump-start production in the state. Read More
President Trump voiced support during his State of the Union Address earlier this week for the Education Freedom Scholarships and Opportunity Act, which would create a $5 billion annual tax credit for donations to state-based, locally-controlled scholarships. The act aims at giving one million children the opportunity to attend their school of choice. Read More