Tag Archives: corporate welfare

Go Nats?

Source: Common Sense
by Paul Jacob

“Just a few miles away from where I live sits the stadium of the Potomac Nationals. I’m a fan. I’d hate to see the team we call the P-Nats leave. But … Hasta la vista. The owner of this minor league affiliate of Major League Baseball’s Washington Nationals is demanding a new stadium. He threatens to move out of Prince William County, Virginia, if he does not get it. The Prince William County board of supervisors has already expressed interest in floating bonds to raise the $35 million the fancy new stadium would require — with the privately owned team paying the money back, with interest, over the next 30 years. Compared to other crony-ish deals around the country, not such a terrible taxpayer swindle. Still, zillions of wrongs don’t make this right.” (06/20/17)

http://thisiscommonsense.com/2017/06/20/go-nats/

Why nuclear power subsidies must end

Source: Independent Institute
by William F Shughart II

“Should utility bills and taxes be used to subsidize money-losing nuclear power plants so they can compete with renewable energy and low-cost natural gas? New York and Illinois, bowing to pressure from a powerful nuclear utility, believe the answer is yes. Several other states, including Connecticut, New Jersey, Ohio and Pennsylvania, may follow suit, arguing that the subsidies will save nuclear power-plant jobs and help electric utilities meet environmental mandates to reduce carbon emissions. That’s just one side of the story. The other side is this: The bailouts (subsidies by another name) reward poor management and bad judgment and would cost homeowners and businesses billions.” (05/24/17)

http://www.independent.org/newsroom/article.asp?id=9082

Why subsidize it once when you can subsidize it twice?

Source: Show-Me Institute
by Graham Renz

“There is so much demand for hockey in the Saint Louis region that officials and special interests want to subsidize not just one, but two new ice facilities. That’s right; even though the Hardee’s Iceplex in Chesterfield is going out of business, officials want taxpayers to help pay for two new facilities in its place. … Proponents of both projects claim there is high demand for hockey and ice time in the Saint Louis region. This may or may not be true (though a recent market analysis concluded it is not). One would think the closure of the current ice complex in Chesterfield is telling of the market for hockey and ice time. But, suppose it isn’t, and that subsidy proponents’ claims are true; let’s say there is genuine demand for ice time in the region. If so, why does the public need to subsidize private ice facilities?” (05/03/17)

http://showmeinstitute.org/blog/subsidies/why-subsidize-it-once-when-you-can-subsidize-it-twice

A wall of separation

Source: Common Sense
by Paul Jacob

“Whatever you think of Thomas Jefferson’s letter to the Danbury Baptists, wherein he celebrated the First Amendment for ‘building a wall of separation between Church & State,’ let’s agree that it would have been nice had he penned another letter — to the Waterbury Methodists or someone — urging a wall of separation between Sports and State.” (05/03/17)

http://thisiscommonsense.com/2017/05/03/a-wall-of-separation/

Trump signs bill allowing states to cut off Planned Parenthood’s corporate welfare

Source: Yahoo! Finance

“President Donald Trump signed legislation Thursday that would give states the flexibility to withhold federal family planning money from Planned Parenthood. Trump, who has had few opportunities to enact legislation during his first three months in office, signed the measure in private, quietly reversing an Obama administration regulation. The bill overturns a rule that prohibits states from refusing to distribute federal family-planning money to clinics simply because the facilities also perform abortions.” (04/13/17)

http://finance.yahoo.com/news/trump-moves-against-planned-parenthood-155146799.html

Auditor’s report sheds light on special taxing districts

Source: Show-Me Institute
by Graham Renz

[“Transportation Development Districts] were intended to help fund public improvements through a tax similar to a user fee in order to avoid burdening the general public with the costs of these projects. For example, if a development required a new intersection with a traffic light, a tax could be levied on just that development to help pay for construction of the intersection. But TDDs have now morphed into a mechanism for private developers to tax the public for private gain. … Often, TDDs are established by a single retail developer. This means that a single developer can (1) form a district, (2) impose a tax in that district, and (3) spend tax revenues nearly any way it sees fit. Unsurprisingly, TDD revenues often go right back to the developer in the form of a direct subsidy, and taxpayers are forced to the sidelines with no say in how their money is spent.” (04/11/17)

http://showmeinstitute.org/blog/transparency/auditor%E2%80%99s-report-sheds-light-special-taxing-districts

Despite subsidies, Joplin rebuilt itself

Source: Show-Me Institute
by Patrick Tuohey

“On May 22, 2011, a tornado ripped through Joplin, Missouri killing 166 people and damaging or destroying 7,500 structures. … As part of the reconstruction effort, the city leaders adopted a tax increment financing (TIF) subsidy program and created the Joplin Redevelopment Corporation (JRC) to manage it. What happened next is an excellent lesson in TIF and developer subsidies for all Missourians. The developers, Wallace Bajjali Development Partners, made all the usual claims about the need for government subsidies. In most cases a developer who gets TIF claims credit for every bit of construction that happens afterward. But in Joplin’s case, the developer went under before building anything. The JRC still issued the bonds and continues to collect the TIF taxes that would otherwise go to funding libraries and schools. But it has only bought and sold properties and paid professional fees (and even that earned it a rebuke from the state auditor). According to the JRC’s own reports, it has not built any infrastructure, developed any sites, or rehabbed any buildings. Instead, the real reconstruction of Joplin was done by its private citizens …” (04/11/17)

http://showmeinstitute.org/blog/subsidies/despite-subsidies-joplin-rebuilt-itself

US Senate: Pence casts tie-breaking vote to revoke Obama order on corporate welfare for Planned Parenthood

Source: The Hill

“Vice President Mike Pence returned to the Senate Thursday afternoon — the second time in one day — to cast a tie-breaking vote on legislation to undo an Obama-era regulation on funding for abortion providers. Pence cast the deciding 51st vote in favor of nixing the rule, after the legislation stalled in a 50-50 tie. Republican Sens. Lisa Murkowski (Alaska) and Susan Collins (Maine) sided with Democrats to vote against repealing the Obama-era rule, prompting the need for the vice president to break the tie. … The regulation required that state and local governments distribute federal Title X funding for services related to contraception, fertility, pregnancy care and cervical cancer screenings to health providers, regardless of whether they also preform abortions.” (03/30/17)

http://thehill.com/blogs/floor-action/senate/326595-pence-breaks-tie-allowing-senate-to-revoke-obama-order

Do Americans profit from the Export-Import Bank?

Source: Cafe Hayek
by Don Boudreaux

“Mr. Lester: You’re correct that Export-Import Bank supporters insist that this Bank is a good deal for Americans because most of the loans that it makes to foreign buyers of American exports are repaid with interest to the U.S. government. Alas, this repayment record does not mean that Americans are enriched by the Ex-Im Bank. To begin, the CBO found that if the Bank used more accurate accounting practices its vaunted financial wizardry disappears. But put this point, centered as it is on complex accounting methodology, to the side. Let’s instead do a simple mental experiment.” (03/29/17)

http://cafehayek.com/2017/03/do-americans-profit-from-the-export-import-bank.html

CA: Pair behind Planned Parenthood sting hit with second malicious prosecution

Source: NBC News

“The anti-abortion activists behind undercover videos targeting Planned Parenthood were charged Tuesday with 15 felony counts of invasion of privacy, according to a criminal complaint filed in California. David Robert Daleiden and Sandra Susan Merritt ‘used manufactured identities and a fictitious bioresearch company to meet women’s healthcare providers and covertly record the private discussions they initiated,’ California Attorney General Xavier Becerra said in a statement. Daleiden and Merritt describe themselves as ‘citizen journalists’ and investigators for the nonprofit, anti-abortion Center for Medical Progress. In a statement Tuesday night, the center responded by promising to release even more secret videos.” [editor’s note: When Planned Parenthood stops taking half a billion dollars a year in corporate welfare from the taxpayers, its business operations can be “private discussions.” Until then, the taxpayers have a legitimate interest in those operations – TLK] (03/29/17)

http://www.nbcnews.com/news/us-news/pair-behind-planned-parenthood-sting-videos-charged-california-n739841