Subsidies

Musk’s SolarCity To Pay $29.5 Million To Settle Federal Probe

The settlement is not an admission of guilt

SolarCity, a company acquired by Tesla last fall, has agreed to pay the U.S. Treasury $29.5 million to resolve allegations that it lied to the federal government and overinflated its costs to receive higher stimulus funds than it deserved, the Justice Department announced Friday.

Report: Solar Energy Subsidies Cost $39 Billion Per Year

Solar makes up only 0.6 percent of total U.S. electricity generation

Despite billions spent in investments over decades, solar energy will only make up 0.6 percent of total electricity generation in the United States, according to a report released by the Taxpayers Protection Alliance (TPA).

Obamacare Abortion Rules Often Ignored, New GAO Report Reveals

Investigation discovers that many Obamacare plans do not distinguish whether subsidies pay for abortion

Despite supposedly rigid rules on whether customers can use federal health care subsidies on insurance policies that cover abortion procedures, a Government Accountability Office investigation shows there are widespread instances of the rules being violated.

Red Light

GOP considering fight against new Obama green energy subsidies

Republicans are considering a new push against what they say are wasteful “green” subsidies in light of news that a recipient of a major stimulus grant for electric vehicle batteries paid workers to watch movies and play games while failing to produce a single battery.

End of Ethanol

Critics take aim at tax breaks for ethanol subsidies

Once heralded as the key to kicking America’s foreign oil addiction by Republicans and Democrats alike, ethanol’s political fortunes have faded and the industry’s future is unclear amid a growing chorus of critics.

Obama Scapegoats Oil Companies

‘That may be sufficient to get us through this election’

Obama urged Congress to end federal subsidies to oil companies as a way to bring down record gas prices, though it is unclear how doing so would achieve that goal.