In a rare bipartisan effort, members of the U.S. Senate voted Thursday, before returning to their districts to attend Veterans Day ceremonies, to approve a portion of Obama’s American Jobs Act that provides tax breaks to companies that hire veterans.
U.S. Rep. Bruce Braley (D-Waterloo) is calling for an extension of the renewable energy production tax credit, joining U.S. Reps. Dave Reichert (R-Wash.) and Earl Blumenauer (D-Ore.) in introducing a bill to keep the credit through 2016.
The wind energy industry employs about 3,000 people in Iowa More…
Five GOP candidates for president offered very different assessments of the federal governments’ wind energy tax credit and renewable fuel standard during a forum Tuesday morning in Pella.
Draft legislation extending a number of key tax credits for the renewable energy sector is circulating around Capitol Hill this week. Renewable energy groups have been pushing for an extension of the tax credits for months as part of a coordinated lobbying push. The bill, which could change considerably, will More…
The Obama administration homebuyer tax credit program granted $9.1 million to 1,295 prisoners who were incarcerated when they said they purchased their home. Many such discrepancies are identified in a report by the Treasury Department Inspector General for Tax Administration and Internal Revenue Service today.
“In swiftly making the More…
On Tuesday, America’s poverty rate jumped from 13.2 percent to 15.8 percent — or from 39.8 million to 47.4 million of 308 million Americans — as the government finally acknowledged that the way it calculated the poverty rate was designed to artificially deflate the statistics. The previous poverty rate was More…
A chief criticism of the $787 billion economic stimulus bill, enacted in February, was that too large a portion went to tax cuts in lieu of spending. Critics, including some conservative economists, argued that people would simply save that money, rather than spending it to stimulate the economy. More…
Despite stated claims from politicians of every stripe about the desire to free the United States from the grip of foreign energy sources, the federal government has offered $15.3 billion in subsidies for imported oil since 2002, according to a new analysis from the Environmental Law Institute.
The report totals More…
When U.S. Housing and Urban Development Secretary Shaun Donovan announced last week that first-time homebuyers soon will be permitted to turn their $8,000 tax credit for purchasing a property into downpayment money, he called the development “exciting” and “a real win for everyone.”
But his enthusiasm isn’t More…
PHOENIX— In one of the most contested exchanges from the first presidential debate, Sen. Barack Obama attacked Sen. John McCain’s voting record on alternative energy.
“Over 26 years, Sen. McCain voted 23 times against alternative energy like solar and wind and bio-diesel,” Obama said.
McCain dismissed Obama’s statement as if More…
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