For more than a decade, the federal government has picked winners and losers in the automobile market by heavily subsidizing electric vehicles (EVs). Now, with those subsidies set to phase out for the largest EV manufacturers, some lawmakers are now pushing to have the subsidies greatly expanded. To read this op-ed, visit Real Clear Energy.
A pair of powerful senators, Debbie Stabenow, D-Michigan, and Lamar Alexander, R-Tennessee, and their allies in the House, are pushing to expand costly and ineffective federal subsidies for electric vehicles (EVs). However, the evidence finds that subsidizing electric vehicles is a bad idea for consumers, taxpayers and the environment. Read about this in Inside Sources.
Do households earning $200,000 per year need taxpayer assistance to purchase electric cars? Congress seems to think so. Since 2008, the electric vehicle (EV) tax credit has given electric car buyers up to a $7,500 tax credit when purchasing a qualifying vehicle. Under current law, the credit exists until a manufacturer sells its 200,000th car, […]
Picking winners and losers in the marketplace should be business of consumers, not the job of the government. Perhaps one day advances in technology will make electric vehicles more affordable, reliable and convenient than internal combustion vehicles. When that day comes, electric vehicle makers will thrive because of market competition and consumer choice, not government […]
When Congress created the National Flood Insurance Program (NFIP) in 1968, its goal was to provide affordable insurance to help communities rebuild after flooding. In the years since, the program’s finances have gone from bad to worse, and it now stands out as a model of flawed design and financial mismanagement. The program loses about […]
With annoying regularity, the Postal Service increases prices for first class postage. It’s annoying because first class postage is highly profitable and does not need a regular rate increase to remain profitable for many years. On the other hand, postal charges for parcels, especially those from ecommerce shippers, are somewhat underpriced. In effect, UPSP is […]
Last week the U.S. Postal Service released is latest quarterly financial report, which detailed an immense loss of $2.1 billion. While the Postal Service’s downward financial spiral has clearly continued in unsurprising fashion, the report also reveals some emerging trends that are also worthy of further discussion and scrutiny. Most notably, the Postal Service’s favored […]
A recent CBS 60 Minutes segment called “Cleantech Crash” served an important purpose by reminding us of failures in government grant-making. Even with plentiful funds, government often lacks the good judgment needed to pick winners over losers in commerce and science, especially if the topic is the ever-so-stylish “green energy.” 60 Minutes reviewed Solyndra, a […]
When private companies compete for market share, consumers always win; but when regulations and legislation help advantage competitors, consumers invariably lose. It is just as simple as that. When it comes to doling out favors, special subsidies and protection from competition, there are signs that the FCC is open for business. It amounts to […]
IMMEDIATE RELEASE Texas Insurance Commissioner Votes for Public Option: Consumers Pay More and Get Nothing in Return Washington DC, October 19, 2009 –– The following is a statement by Steve Pociask, president of the American Consumer Institute: The American Consumer Institute is very disappointed by Commissioner Geeslin’s decision to disapprove the rate filing recommended by […]