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Tag: Tax

Three Questions for Energy Nominee Moniz

Three Questions for Energy Nominee Moniz

In 2012, I had the honor of being selected as one of the country’s 75 Smart Grid pioneers by Smart Grid Today.  Thanks to the luck of alphabetical ordering, it just so happens that my name appears on that list immediately before Dr. Ernest Moniz, MIT faculty member and the Obama administration nominee for Secretary of Energy.  In light of Dr. Moniz’s confirmation hearing today, I have three questions (really six with the follow-on questions) that I would like to ask him: Read more [...]
Affordable Energy Media Campaign

Affordable Energy Media Campaign

This is a press release issued by NAM today directly from John Engler, President and CEO. Congress returns from its summer recess next week, and high on the agenda will be proposals from President Obama and congressional leadership to raise taxes on America’s energy sector. These potential tax increases would cause serious damage to the manufacturing sector, job creation and the U.S. economy. To counter this politically-motivated drive for higher taxes, today, the National Association of Manufacturers Read more [...]
The Heat Is On

The Heat Is On

Temperatures are rising in the nation’s capital, and I don’t just mean literally (although we have been above 90 for five straight days, with heat indices hovering near 100 degrees).  With the arrival of summer comes the most tumultuous part of Congress’ legislative schedule. And there are several things boiling right now—responding to the BP oil spill, preparing for the confirmation of Supreme Court nominee Elena Kagan, negotiating a tax “extenders” Read more [...]
Big Week for Obama and Congress

Big Week for Obama and Congress

With the 2010 congressional elections just 251 days away and polls showing that nearly 60% of Americans feel the country is on the “wrong track,” this week could be a critical test for the Obama Administration and Congress. First up: the Jobs for Main Street Act (H.R. 2847), which the Senate is expected to approve today. The $15 billion package provides a tax break for employers hiring unemployed workers in 2010 and extends the Highway Trust Fund and the authorization for surface transportation Read more [...]
The Politics and Policy of Job Creation

The Politics and Policy of Job Creation

This week House and Senate leaders announced that Congress will do something to respond to rising unemployment before they adjourn for the year.  I don't know any economist -- or anyone else, for that matter -- who would argue that the current 10.2% unemployment rate and lack of job creation in this economic recovery is NOT a problem.  Quite the contrary - workers and their families are very concerned about the availability of jobs, and employers are concerned not Read more [...]
More Federal Incentives for NEMA Members…

More Federal Incentives for NEMA Members…

Before leaving on August recess, Senator Bingaman (NM) introduced a bill, S. 1639, the Expanding Industrial Energy Efficiency Incentives Act.  This bill includes the NEMA-advocated advanced motor technology tax credit.  What makes this bill even more promising is that, Senator Jeff Bingaman is the Chairman of the Finance Subcommittee on Energy, so he has the authority to push this bill. This tax credit provides $120 per horsepower to original equipment manufacturers and end-users Read more [...]
Hold on to Your Pants

Hold on to Your Pants

Think that the proposed "millionaire surtax" to help pay for health care reforms won't impact job growth?  Think again. Last week, the House Ways & Means Committee approved health care surtaxes which, when combined with the expiration of the Bush tax cuts and reversion of the top federal tax rate on wages to 39.6% at the end of 2010, would mean a "significant tax hike" on business income in 2011.  The Tax Foundation recently issued a report that found that one-third Read more [...]