Families that are already getting squeezed by high inflation are going to face another surge in heating bills this winter, according to several experts.
With the current debate over ending oil producers’ subsidies the question arises as to what subsidies do the producers actually get. It is a surprisingly complicated question. Wind producers also get subsidies that take complex forms investment tax credits, production tax credits, mandates, property tax exemptions, etc. But the major federal subsidy for wind producers is the option to take a 30 percent investment tax credit or to receive a 2.2 cents per kilowatt-hour production tax credit.
When Joe Biden becomes president on Wednesday, he won’t waste any time in fanning the flames of division in the United States as he seeks to implement his far-left agenda. All signals are flashing red, indicating that the incoming administration will govern in both radical poetry and radical prose. That should make us worry that all his promises to govern not as a partisan, but as an American, will evaporate as the country suffers from an imminent top-down takeover imposed by liberal elites.
Increasingly, policymakers are focused on entrepreneurial innovation as a key to unlocking higher levels of economic growth. With the economy still functioning at a sub-par level and the unemployment rate a stagnant 9 percent, many people believe that only heightened entrepreneurial activity can get America moving again. President Obama shares this viewpoint, and legislative bodies at all levels have been intensifying their focus on this policy. However, what is the role of government in nurturing innovative products, services, and business ideas? Is government, through its banking and regulatory roles, the guiding hand that leads entrepreneurs toward socially and economically beneficial innovation? Or does government best support the growth of innovation by providing a non-intrusive institutional environment within which entrepreneurs create new things? In what ways can the government foster innovation, and in what ways is government a hindrance?