May 25, 2013

Conservative groups unite to stop Soros-favoring NAT GAS Act

For more background on this impending debacle to the American taxpayer please see my previous article from last September. NAT GAS = New Alternative Transportation to Give Americans Solutions Act.

natural gas for cars

Some of the most respected names in conservative circles have sent a joint letter to Congress laying out the facts about proposed legislation promoting natural gas-fueled vehicles. Among the signers are conservative powerhouses like Americans For Prosperity, Americans for Tax Reform, Club for Growth, American Energy Alliance, and Citizens Against Government Waste.

What exactly is in the bill?

H.R. 1380, [summarized] introduced by Representative John Sullivan (R-OK), and S. 1863, introduced by Senator Robert Menendez (D-NJ), would create new and expand existing special tax treatments for the production, conversion, and sale of of natural gas-powered vehicles — all at a time when Congress should be simplifying the tax code instead of adding more special handouts for favored interests.

What the above description doesn’t say is that those “special tax treatments” are to the tune of a $64,000 tax credit for each individual natural gas-fueled truck that a business purchases and a $100,000 credit for each fueling station.

From the letter:

The NAT GAS Act would provide preferential treatment for nearly every aspect of the natural gas-fueled vehicle industry, from production to purchase and the infrastructure needed to fuel such vehicles. Tax incentives like these allow government to decide which energy sources thrive or fail—and thereby distort the market. America’s experience with a number of similar energy policy preferences dating back to the 1970s has shown that businesses benefitting from these incentives become reliant on government in order to stay in business. As a result, an entire industry of lobbyists is spawned to protect a benefit without which many businesses could not succeed in the free market.

The Heritage Foundation, which has led the charge against NAT GAS, exposes exactly who Obama’s crony capitalist venture will help…George Soros:

One company which stands to benefit handsomely from the President’s proposal is Westport Innovations. The company converts diesel engines to be fueled by natural gas. Wall Street analysts predicted a boom for the company if the NAT GAS Act were passed. CNBC analyst Jim Cramer said he “expects shares to absolutely explode” in the event the legislation were to pass.

If Westport reaps the predicted windfall, one of the chief beneficiaries will be George Soros, a major Obama donor and supporter. Soros’s hedge fund holds 3,160,063 company shares (as of its last SEC filing).

Another member of the billionaire’s club that would reap huge benefits from the legislation is T. Boone Pickens:

The bill…would provide huge new subsidies to buyers and users of heavy duty trucks that use natural gas. Pickens owns Clean Energy Fuels, which builds and runs natural gas service stations. He also has major investments in a number of companies in the natural gas industry. The value of these investments would probably increase by several billion dollars if the bill were enacted.

Read the coalition letter in full here on Scribd.

As AFP points out, the last thing we need to be doing is adding more layers of complexity to our tax code, particularly ones that disproportionately benefit billionaires like Soros.

Crossposted at Unified Patriots.

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AFP Colorado bestows their first “Monkey Wrencher of the Month” award

COLORADO SPRINGS, CO – WildEarth Guardians today earned the dubious honor of “winning” the first ever Monkeywrencher of the Month Award, given out by Americans for Prosperity-Colorado in conjunction with the launch of a new series of reports, and new website, MonkeywrenchingAmerica.com, aimed at highlighting the economic, fiscal, judicial and human harm being done by professional green extremists. monkey wrench award

“This group’s growing reliance on taxpayer support, which frequently comes from some of the same federal agencies it’s so fond of suing, isn’t just ironic, it’s outrageous,” said Jeff Crank, AFP-Colorado State Director. “Americans unknowingly are bankrolling this one group’s effort to clog the courts, monkey-wrench the economy, and promote the growth of government regulation. We hope this report and website will help raise awareness of how expensive, destructive and counterproductive this agenda is.”

AFP-Colorado chose WildEarth Guardians for the honor based on the findings of a just-published report, “Monkeywrenching the Courts,” documenting the group’s exploitation of taxpayers, courts and poorly-written laws to pursue a radical litigation-driven agenda, aimed at crippling the Western economy and way of life. Not only is the group a “lawsuit generating machine,” according to the report, but it also relies heavily on taxpayer dollars, in the form of grants or legal cost reimbursements, for its survival – something that may not sit well with Westerners who see the group as a threat to their jobs, property rights, economic opportunities and access to public lands.

As if to reinforce the report’s findings, the group has been generating more litigation-related headlines in just the past week, including:

In order to keep a continuing spotlight on these issues, this and other reports will be housed on a new website, www.monkeywrenchingAmerica.com, that will include news aggregators, blogs and original content aimed at documenting the costs and consequences of the green assault on America’s economy and freedoms.

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Hypocrite Obama takes almost $400K in tax deductions

Remember this from Obama’s State of the Union address last week:

“If you make more than one million dollars a year, you should not pay less than thirty percent in taxes… In fact, if you’re earning a million dollars a year, you shouldn’t get special tax subsidies or deductions.”

Below for your viewing pleasure is a picture of Barack & Michelle Obama’s 2010 tax return. On page 2 one will see the Obamas in spite of Obama’s quote above, made $1,795,614 and took $373,289 worth of deductions:

Obama tax return deductions

The “everyone but me” rule applies here.

Obama paid approximately $454,000 in taxes which amounts to 25% of his income, not the 30% he lectures should be paid by “millionaires,” and he is one.

Anyone who wishes to peruse the entire 59-page return, it can be found here.

Knock yourselves out.

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While Obama only wants to take credit, Kasich surprises

Many voters have become dissatisfied with their leaders going out of their way to seek credit for their success. In a way, that’s been one of the criticisms of those who find themselves in the Tea Party – a disappointment in politics as usual and the unabashed desire of politicians to obtain credit over delivering substance.

Well, if that’s the case, those folks can maybe be a little inspired by the Governor’s response to a reporter’s question about whether he should be upset about the President trying to take credit for Ohio’s emerging economic recovery:

In the four years prior to him coming into office, only Michigan and California lost more jobs than Ohio. Ohio was  nearly 400,000 down.

And now, since January of ’11, Ohio is 9th in the nation and tops in the Midwest in job growth.

We have to thank job creators first, but they are building and growing in Ohio in part because of a newfound confidence and stability at the state level. In dealing with the largest budget shortfall in state history, the Governor reformed and reduced government to make it more effective and efficient for taxpayers. And it shows. When S&P downgraded the United States, Italy, Greece and so on and so on, S&P decided to upgrade Ohio’s outlook from negative to stable. That means things are finally back on track – and that means more jobs

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Mud puddles may be next on EPA’s hit list

Mud puddlesYou may want to run out to your backyard and make sure any mud puddles or water-filled ditches are being properly maintained, or you could be violating the EPA’s Clean Water Act.

The Washington Examiner reports on the latest job-killing regulatory overreach that may be forced on the logging and forestry industries – which incidentally employ 2.5 million American workers and are one of the few vibrant manufacturing industries we have left in this country.

Let’s break this down:

For the past several decades, the EPA has followed a sensible policy when enforcing the Clean Water Act as it relates to forest roads:

For 35 years, the Environmental Protection Agency has understood silviculture — the act of harvesting trees, as opposed to processing them — to be an agricultural activity, not a manufacturing one. The distinction is vital because of particulars in the Clean Water Act. Runoff from “point-source” manufacturing facilities (including saw mills) is closely regulated. Permits are required, and an involved monitoring and remediation process is prescribed.

On the other hand, the “natural runoff” from forest roads — basically mud puddles that accumulate in ditches — has never required such permits or monitoring. It is cared for through what is known as “best management practices.”

However, a suit brought against paper company Georgia-Pacific by leftist environmental group Northwest Environment Defense Center led to the Ninth Circuit Court of Appeals ruling against this longtime EPA precedent:

But in the case Georgia-Pacific West Inc. v. Northwest Environmental Defense Center, the Ninth Circuit Court of Appeals turned this long-standing rule on its head. The court said that the EPA has been misinterpreting its own rules for 35 years, and that, in fact, forest roads must be regulated in similar fashion to factories and power plants.

The Ninth Circuit decision, if upheld, would crush forestry in the Pacific Northwest. As Democratic Sen. Ron Wyden of Oregon put it, “One court would shut down forestry on private, state and tribal lands by subjecting it to the same, endless cycle of litigation.”

There’s that pesky Ninth Circuit again.

The case heads to the Supreme Court this spring, where until recently the Obama administration and the EPA had remained consistent with the standing policy:

So far in the litigation process, the Obama EPA and Justice Department have sided with the industry, adhering to the traditional, 35-year-old interpretation of EPA rules.

But before we get too excited that Obama may actually stand up to radical environmentalists for once, his lawyers’ latest brief puts that up for debate:

But in its most recent brief, the federal government’s lawyers included a curious passage that has caused a small panic among the logging industry’s legal team.

It essentially asserts that EPA has never before officially stated its decades-old position in writing, that runoff collected in man-made roadside ditches counts as “natural runoff.”

If the Supreme Court upholds the Circuit Court decision, it will bring the forestry industry to a standstill as businesses worry they’ll be sued at every turn. At a time when our economy is struggling and we hear a lot of talk about the government “creating jobs” it would be a bit absurd if we didn’t move to protect the few thriving industries that we have.

The ask of Obama here really isn’t a large one – he simply needs to uphold his own agency’s longtime policy. As the Supreme Court (and the 2012 election) moves closer, we’ll see if he will once again take the side of the environmental left over American workers and the businesses that employ them.

Crossposted at Unified Patriots

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