subsidies

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WH: We'll Make August Health Care Payment to Insurers

But uncertainty still lingers on long-term prospects for cost-sharing subsidies

(Newser) - The government will make this month's payments to insurers under the Obama-era health care law that President Trump still wants to repeal and replace, the AP reports. "The August payment will be made," a White House spokesman said Wednesday. Trump has repeatedly threatened to end the payments,... More »

CBO: Trump's Health Strategy Would Hike Costs 20% in 2018

If president stops ObamaCare subsidies, premiums will rise dramatically for 'silver' plan

(Newser) - People buying individual health-care policies would face higher premiums, and some may be left with no insurance options, if President Trump makes good on his threat to stop ObamaCare payments to insurers. That's the conclusion of a new report by the nonpartisan Congressional Budget Office, the AP reports. More... More »

Lawmakers Ready to Defy Trump on ObamaCare Subsidy

Bipartisan push underway to try to stabilize insurance markets

(Newser) - With the Republican plan to replace ObamaCare in retreat, the next phase of the fight hinges on the wonky-sounding factor of "cost-saving reduction payments." As the New York Times explains, these are subsidies paid by the federal government to insurers to defray costs for lower-income policy holders. President... More »

'Huge' Win for House GOP in ObamaCare Lawsuit

Federal judge says administration spending on health care subsidies is unconstitutional

(Newser) - In what Politico labels a "huge win" for the House GOP, a federal judge ruled Thursday that the Obama administration is making unconstitutional federal expenditures to maintain the president's ObamaCare law, the AP reports. At issue: $175 billion in so-called "cost-sharing" reimbursements that the government doles out... More »

FCC Approves Subsidy to Get Low-Income Families Online

'There was a time when broadband access was a luxury; no more'

(Newser) - Low-income families will now be eligible for a monthly government subsidy to pay for high-speed Internet service following an FCC vote Thursday, the Los Angeles Times reports. The 3-2 vote (three Democratic commissioners for, two Republican commissioners against) expands the 30-year-old Lifeline program that provides subsidies for phone service. Commissioners... More »

Half of ObamaCare Enrollees Taking Hit on Tax Returns

Early filers discovering that the subsidies they received were too high

(Newser) - People who got a subsidy from ObamaCare to help pay for their health insurance are getting a not-so-pleasant surprise on their taxes: H&R Block reports that 52% of people who got subsidies have to pay back a chunk of that money to the government. The average payback is $530,... More »

Why the USPS Has Lost $2.5B in Alaska

33-year-old earmark fuels operation

(Newser) - For the past three decades, the US Postal Service has subsidized deliveries to remote parts of Alaska. Law requires the agency to pay private air carriers above the market rate for shipments there, and the agency then charges retailers just half of the commercial shipping price. The results have hammered... More »

Hordes of ObamaCare Users Told Info Doesn't Check Out

Officials 'double- and triple-check' provided subsidy data

(Newser) - The White House intends to double-check the documents of hundreds of thousands of ObamaCare users to confirm they qualify for health subsidies, having notified them over the last two weeks that "the information in your application doesn’t match what we found in other records." In fact, government... More »

Needed: Rural Lawyers; Subsidies Available

South Dakota offers pilot program for attorneys

(Newser) - Lawyers are having a hard time finding jobs these days, but all they really need to do to get hired is move out of the city. Rural America is increasingly short on lawyers, and as a result, one state is offering subsidies to law school grads who practice there. Other... More »

Seriously? We Can't Even Cut Farm Subsidies?

Robert Samuelson says farm handouts exemplify our broken system

(Newser) - Farm subsidies are widely seen as the "low hanging fruit" of federal spending cuts, but with the milk cliff looming, Congress last week passed an agriculture bill that left them all essentially intact . And that, in a nutshell, is "the essence of the deficit problem," writes Robert... More »

Protesting EU Farmers Spray Cops With ... Milk?

They're protesting low milk prices

(Newser) - Thousands of enraged dairy farmers converged on the European Parliament in Brussels yesterday, and sprayed the building, and the cops who showed up to contain them, with their stock in trade: milk. The protesters arrived on tractors, blocked traffic along many of the city's main streets, then pulled out... More »

Koch: End Corporate Welfare

Charles Koch rails against corporate handouts—yes, that Charles Koch

(Newser) - Charles Koch thinks corporations are spending too much time courting government favors and forging political connections—yes, that Charles Koch. In an op-ed in today's Wall Street Journal , the Koch Industries CEO recalls seeing an amusing sign outside a craft store reading, "We didn't build this business—... More »

Video Games Score Vast Subsidies

Cold War-era tax breaks go to the likes of zombie shoot-'em-ups

(Newser) - By combining tax breaks, deductions, and subsidies designed for the Cold War, video game production is now one of the most highly subsidized businesses in the United States, reports the New York Times . Leading software developer Electronic Arts, for example, has made $1.2 billion in profits worldwide over the... More »

Senate Reverses, Votes to Cut Ethanol Subsidies

Shift could endanger $5 billion annually for farm states

(Newser) - The Senate voted today to repeal tax credits for producing ethanol, a vote that budget cutters hope will demonstrate a growing appetite in Congress to end special interest tax breaks to help reduce government borrowing. The Senate voted 73-27 to repeal the $5 billion annual subsidy, just two days after... More »

Jon Huntsman: I'm Skipping Iowa

He's not a big fan of ethanol, writing of Buckeye State

(Newser) - Jon Huntsman won't be taking his toys to the sandbox in Iowa: The possible presidential candidate says that he's definitely not going to compete in the Hawkeye State, reports ABC News. “I'm not competing in Iowa for a reason. I don't believe in subsidies that... More »

Stop Giving 'Welfare' to Movie Makers

Michael Kinsley: Government subsidies don't make any sense

(Newser) - To get Hollywood producers to shoot movies in their states, governors love to throw around bigger and bigger tax breaks. In fact, "in less than a decade, the absurd notion of welfare for movie producers has evolved from the kind of weird thing they do in France to an... More »

Charles Koch: Why We're Against 'Crony Capitalism'

Koch brother stands up for his family's activism

(Newser) - With the heat intensifying around him and his brother, conservative fundraiser/oil tycoon Charles Koch penned an op-ed piece today to explain himself. “For many years, I, my family, and our company have contributed to a variety of intellectual and political causes,” he writes in the Wall Street Journal... More »

US Illegally Subsidized Boeing, WTO Rules

Airbus thinks $45B in retaliation is 'realistic'

(Newser) - The US has given billions of dollars in illegal subsidies to Boeing, the World Trade Organization formally ruled today after months of investigation. The WTO has now found that both Boeing and Europe's Airbus received illegal aid from their respective governments, leaving the US and European Union to negotiate a... More »

Dem Governor: ObamaCare Tempts Firms to Dump Plans

Tennessee's Bredesen foresees exodus to federally-subsidized insurance

(Newser) - If you crunch the numbers, President Obama’s health care plan is a great incentive for employers to stop providing coverage and put their workers in the hands of government-subsidized plans, meaning “much greater cost” for the US, writes Democratic Tennessee Gov. Phil Bredesen in the Wall Street Journal... More »

30K-Strong Mob Swarms Housing Wait List

Small crowd arrives today to drop them off

(Newser) - A mob of 30,000 people swarmed over an Atlanta parking lot in a heat wave yesterday, clamoring for an application to get on a waiting list for Section 8 housing assistance. Fights broke out, and children were reportedly trampled, with police stepping in to stop the onslaught, according to... More »

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