Just in case you are interested, the chart above shows how much money wind generators have bilked from American taxpayers through the federal production tax credit. Fifteen of the largest companies–and their Wall Street investment bankers–have received $19.4 billion. Those companies have a combined market cap of more than $500 billion.
Category: Taxes
Deficits and the Tax Cut: Some Folks Just Don’t Get It
A lot of media outlets are crying over the increased deficit caused by the GOP’s tax bill. Here’s what the Texas Tribune says: The bill is expected to deliver a tax cut to most Americans. But the majority of economists also expect it to widen the national deficit by at least $1 trillion over the…
Happy 100th Birthday Ronald Reagan
“I never thought it was my style or the words I used that made a difference: it was the content. I wasn’t a great communicator, but I communicated great things.” – Ronald Reagan, in his Jan. 11, 1989 farewell address to the American people (text) “The biggest misunderstanding about Reagan’s political life is that he…
TX v. CA – Texas Wins Again: Less Taxes and Spending Lead to Economic Growth
The Texas Public Policy Foundation released some great research today by Dr. Art Laffer explaining why Texas is doing so much better than California—or just about anybody else for that matter. In case you didn’t know, it is because we have lower taxes, spend less and regulate the economy less than most other states. No…
Subsidies Anyone?
According to the Cato Institute, federal subsidy programs topped the 2,000 mark for the first time last week. Almost half of those have been created in the last 20 years: the number of federal subsidy programs soared 21 percent during the 1990s and 40 percent during the 2000s. As Chris Edwards, Cato’s director of tax…
Plano Lowers the Cost of Living
It is not often that governments voluntarily reduces fees or taxes. So when one does, it is worth taking a closer look. Last month, Plano voted to eliminate impact fees on developers building new homes and businesses. The fees were charged based on the size of the water meter for the project, and typically ran…
Tax Cuts Work
In his recent National Review Online article on the federal government’s deficit spending, Rich Lowry wrote, “The same way overzealous Republicans once argued that tax cuts paid for themselves, Obama Democrats argue that deficit spending pays for itself.” Lowry’s statement is problematic on several levels. For one, it essentially equates tax cutting and deficit spending,…
Welcome to Texas
Dear Mr. Limbaugh: I noted your evident frustration recently with the high tax policies of New York that subject you to a punitive income tax rate anytime you step foot in the state to perform your show. I was delighted that you expressed an interest in making Texas the home of your alternate studio whenever…