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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You are browsing the archive for subsidies.
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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