As the Republican National Convention nears, the party platform is being finalized. Buzzfeed reports that the draft platform removed language pertaining to wind energy tax credits:
“In separate victory for the Romney campaign, language pertaining to wind energy tax credits was removed from the platform. Romney has bucked some members of his party by opposing the tax credits, arguing they run counter to free market principles.
“‘I don’t believe it was specifically mentioned,’ [platform chairman and Virginia Governor Bob] McDonnell said. ‘We did a broad embrace of ‘all of the above’ approach including renewables.’
“‘It’s not in there,’ added platform committee co-Chair [and Nebraska Senator] John Hoeven. ‘It’s again — trying to use all sources of energy with market-based principles.’”
UPDATE 7-27-12: Crops that create our junk food receive the most federal subsidies. Kind of odd, considering big-government’s obsession with healthy eating and taxing such junk food:
“According to CalPIRG, Uncle Sam bills each taxpayer $7.58 a year for commodity crops that produce junk food — and 27 cents for apples.
“Meaning, our tax money buys 21 Twinkies annually.
“But only half an apple.
“When it comes to what San Diegans are paying in federal farm subsidies, according to CalPIRG, an aggregate of $4.5 million a year goes to junk-food crops, versus $160,000 to healthy food.
“That’s the equivalent of 12 million Twinkies, versus 329,000 apples.”
While it’s egregious that the very lawmakers constantly telling us we don’t eat right are allowing junk food crops to receive the most subsidies, remember that the ultimate goal is for no federal subsidies to be going to crop industries, regardless of their nutritional value.
Almost two years after the historic 2010 election, many conservatives continue to view Washington with disgust. A series of bad legislative deals – the so-called Budget Control Act (BCA) chief among them – have left conservative voters wondering whether their efforts were worth it; and more alarmingly, whether they should put forth that effort this fall.
One thing we can all agree on – even President Barack Obama – is that change doesn’t come easy in Washington. As if to prove the point, the Senate passed a nearly one trillion dollar farm bill last month, and just two weeks ago the House passed their own $957 billion farm bill out of the House Agriculture Committee. The difference is that the House farm bill is not expected to go anywhere.
As the House Energy and Commerce Committee prepares to vote on the “No More Solyndras Act,” Heritage Action released the following statement from CEO Michael A. Needham:
As our nation’s debt approaches $16 trillion, Americans are desperate for leadership from Washington. The “No More Solyndras Act,” would signal a clear end to business-as-usual and ensure taxpayers are never again on the hook for reckless, politically-motivated government boondoggles like Solyndra.
We commend those on the committee and beyond for pushing this commonsense step. When the government plays venture capitalist with taxpayer funds – we all lose. The American people deserve to know that their tax dollars are being spent wisely, and this bill takes an important step in that direction. Ultimately, we must move away from Washington picking winners and losers, and allow those decisions to be left to the free market.
Last December, First Solar, a solar panel manufacturer which received a $1.46 billion loan guarantee from the Department of Energy, announced that they would lay off 100 employees. Then, in April of this year, the company announced another round of layoffs totaling 2,000 employees. But First Solar’s troubles weren’t over, in early May, the company reported 1st quarter losses of 8 cents per share, a 12% revenue decline.
But First Solar is a politically favored company, and as such – under this Administration – they will continue to receive preferential treatment. Taxpayers will continue to pay to keep this company on life support until it goes the way of Solyndra and Beacon Power by declaring bankruptcy.