You are browsing the archive for subsidies.

Chamber chief: Voters didn’t believe arguments

December 11, 2012 in The Daily Republic

Owen says backers of economic development measure failed to communicate effectively.
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Study examines federal crop subsidies

June 3, 2012 in Alexandria Echo Press

An analysis of over a million government records pertaining to federal crop insurance has found that in 2011 more than 10,000 individual farming operations have received federal crop insurance premium subsidies ranging from $100,000 to more than $1 million apiece. The analysis found that some 26 farming operations received subsidies of $1 million or more last year. Continue Reading

Obama demands Congress end oil, gas subsidies

March 1, 2012 in Grand Forks Herald

President Barack Obama, turning his political sights on snowy New Hampshire, demanded that Congress eliminate oil and gas company subsidies that he called an outrageous government “giveaway.” Though politically a long shot, the White House believes the idea resonates at a time of high gasoline prices. Continue Reading

AP source: Obama to push lower corporate, effective tax rates

February 22, 2012 in Grand Forks Herald

President Barack Obama is proposing to cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers, a senior administration official says. In turn, corporations would have to give up dozens of loopholes and subsidies that they now enjoy. Corporations with overseas operations would also face a minimum tax on their foreign earnings. Continue Reading

OUR VIEW: Wind projects may be good candidate for tax incentives

January 5, 2012 in The Daily Republic

South Dakota lawmakers likely will consider whether to cut taxes on future large wind-energy projects built in the state. Continue Reading

Farm state lawmakers moving to create unprecedented farm subsidy program

November 7, 2011 in Grand Forks Herald

The subsidy, free insurance that would cover farmers’ “shallow crop losses” before their paid insurance kicks in, has been pushed by corn and soybean farmers who could benefit the most from the program. It would replace for the most part several other subsidy programs, including direct payments preferred by Southern rice and cotton farmers. Continue Reading

Obama’s deficit plan cuts billions in subsidies to farmers

September 22, 2011 in Grand Forks Herald

Plan includes ending direct payments, which have paid nearly $16 billion to Minnesota, N.D. farmers in past 15 yearsIn addition, the president’s plan shrinks federal contributions to crop insurance programs and a land conservation program in the states by tens of millions of dollars per year. Continue Reading

Farmers worry about effect of $30 billlion in cuts

July 16, 2011 in Grand Forks Herald

Farm groups are rushing to save government subsidies they’ve long received. President Barack Obama and lawmakers have targeted $30 billion or more in agriculture spending cuts as they try to negotiate a deficit-reduction deal. Farmers say they know they will have to take a hit. But they fear too many cuts will send booming crop prices into a dive, raising the potential for another 1980s-era farm crisis. Continue Reading

Senate sidetracks move to repeal ethanol credit

June 14, 2011 in Grand Forks Herald

The Senate has sidetracked a move to end the federal subsidy for ethanol, a corn-based additive blended with gasoline to make alternative fuel. Continue Reading

House panel votes to cut farm subsidies

June 1, 2011 in West Central Tribune

WASHINGTON (AP) – A House committee voted Tuesday to cut farm subsidies to pay for deficit reduction and other budget priorities, chipping away at the billions of dollars a year that are directed to farmers.
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