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America's Most Obvious Tax Reform Idea: Kill the Oil and Gas Subsidies

2013-03-20 16:06:00| Climate Ark Climate Change & Global Warming Newsfeed

Atlantic: When Saudi Arabia's longtime oil minister, Ali Al-Naimi, opens his mouth, the world listens. Yesterday, during a speech in Hong Kong, he delivered a message that U.S. policy makers in particular would do well to take note of. The days of $100-a-barrel crude, he told the crowd, are here "for the foreseeable future." If he's right, one thing that shouldn't be around for the foreseeable future are the outdated tax credits that protect oil and gas companies, which will be plenty profitable in a world...

Tags: idea tax gas oil

 

Reduce Crop Insurance Subsidies

2013-03-11 15:30:00| National Hog Farmer

By P. Scott Shearer, Bockorny Group, Washington, D.C. Senator Jeff Flake (R-AZ) and Congressman John Duncan (R-TN) have introduced the Crop Insurance Subsidy Reduction Act (S. 446 and H.R. 943) that would return federal crop insurance premium subsidies to their pre-Agriculture Risk Protection Act (ARPA) levels of 2000. read more

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Details On Proposed Bill To Reduce Crop Insurance Subsidies

2013-03-07 23:58:00| Corn & Soybean Digest

Senator Jeff Flake, Arizona Republican, said yesterday, "The crop insurance program has turned into a huge taxpayer-funded boon for some of the biggest, multi-national insurance companies and multi-millionaire farmers. In a time of record deficits and an incomprehensible $16.5 trillion in debt, this program can no longer be justified in its current form." Grain Market Viewpoint read more

Tags: details bill insurance reduce

 

Verizon hints at LTE-only phones in 2014 to lower subsidies

2013-03-05 07:15:57| CNET News.com

Carrier's chief financial officer says removing handets' CDMA chips would result in lower costs and subsidies. [Read more]

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Global Fossil Fuel Subsidies Topped $620 Billion in 2011

2013-02-27 22:01:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: The energy game is rigged in favor of fossil fuels because we omit the environmental and health costs of burning coal, oil and natural gas from their prices. Subsidies manipulate the game even further. According to conservative estimates from the Global Subsidies Initiative and the International Energy Agency (IEA), governments around the world spent more than $620 billion to subsidize fossil fuel energy in 2011: some $100 billion for production and $523 billion for consumption. This was 20 percent...

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