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  • Industries gird for battle over Obama’s proposed tax overhaul

    Mike Livermore, executive director of the Institute for Policy Integrity at New York University, said the offer from electric utilities is not surprising, because they do not benefit as much from the remaining subsidies as some other industries do.

    But while there is broad support in theory for a plan that streamlines the tax code and gets rid of provisions that “pick winners and losers,” that comity will disappear as soon as Congress takes a serious look at making certain companies pay more than they do under the current tax code, he said.

    Livermore expects a battle royal between some energy companies — such as coal, oil and gas producers — and those that lack the same portfolio of tax breaks. One question is whether heavy-hitting utilities will line up against their compatriots in the energy industry, or sit on the sidelines during what could be a bruising political battle.

    “Energy producers are going to fight tooth and nail for their provisions,” he said. “Everyone else is going to moderately want a tax break, but the question is how hard they’re willing to fight for it.”

    No doubt about it, “it’s going to be a fight,” he added. “We’re not going to hold hands and sing Kumbaya and figure it out.”

  • A New Resource for Fighting Dirty Energy Giveaways

    There’s a lot of uncertainty around exactly how much taxpayer money the government gives out to Big Oil, Big Coal and the rest of the dirty energy industry each year in subsidies. But we know one thing for sure: it’s a lot. A new crowdsourced project called the Energy Tax Breaks Wiki promises to help identify the sections of the tax code containing these outrageous fossil fuels subsidies.

  • How Much Does the Energy Industry Get in Tax Breaks? A New Wiki May Help Us Find Out

    The Institute for Policy Integrity just rolled out an “energy tax breaks wiki” that will attempt to log every tax subsidy provided to the fossil and renewable energy industries. With all the political hand-wringing over permanent tax credits for oil companies, short-term tax credits for clean energy that are set to expire, and the differences between the government support provided to both sectors, this is a very important resource for helping uncover the opaque world of energy tax law.

  • Just how big are subsidies to fossil-fuel companies? Help us find out

    President Obama has made tax breaks for the oil industry an ongoing target. He recently reaffirmed his stance in his State of the Union address, saying that our nation has supported these companies for long enough. And as budget season begins next week, we’ll likely see the idea come up again in deliberations over where to cut.

  • Think tank seeks expert input for energy subsidy wiki

    The Institute for Policy Integrity, a non-partisan advocacy organization and policy cost-benefit analysis think tank sponsored by the New York University School of Law, is seeking expert contributors for a wiki recently launched to evaluate the actual cost of energy tax credits and how the credits impact applicable businesses.

    “We can’t make smart tax policy with respect to energy development until we at least know what’s going on,” said Michael Livermore, executive director of the Institute for Policy Integrity. As many in the ethanol industry have discovered during the past year’s energy subsidies debate, it is difficult to pinpoint the precise amount of tax credits that are being provided to one specific energy sector, and even more difficult to determine how the tax credit affects the industry’s performance.

  • Despite $41 Billion in Profits Last Year, Exxon Pays a Lower Tax Rate Than You

    So how does Exxon get away with paying such a relatively low rate? Along with other oil companies, it enjoys the rather generous tax breaks and subsidies the federal government—and the American taxpayer—sends its way. The Institute for Policy Integrity has set up a new Wiki that reveals information about many of these breaks, and how much money they help oil companies save.

  • Obama Throws Support Behind Clean Energy

    President Obama’s state of the union address said a surprising amount about energy and the environment in a year where a sour economy is still his worst electoral enemy. That’s an encouraging sign, especially since opponents have been attacking him on some of his green-related decisions.

    His speech was mostly focused, as expected, on job creation. The nation’s employment situation continues to be the biggest economic fallout from the economic crisis that began in 2008. For both political and policy reasons, the President is right to train his laser of attention onto getting people back to work.

  • In State of the Union, Obama should stress that environmental protections don’t kill jobs

    In Tuesday’s State of the Union address, President Obama is likely to focus heavily on economic growth and job creation. But he should also make clear that economic progress need not come at the expense of the environment; to the contrary, the public-health efforts he’s made over the past year will generate billions of dollars in value for the American public.

  • Take take take

    Naturally, most waterfront dwellings aren’t owned by the poor. If you don’t count 2005, the year of hurricanes Katrina and Rita, in the years from 1998 to 2008, the wealthiest counties in the country filed 3 1/2 times more claims and received more than a billion dollars in claim payments than the poorest counties, reported the Institute for Policy Integrity.

  • A Year of Rethinking Regulations

    Imagine you’re the CEO of a major national corporation with two million employees and 312 million customers. Now imagine having no consistent plan to revisit past decisions to determine what worked and what didn’t.

    That’s how our government behaved until a year ago when President Obama put new rules in place to require review of past regulations — a process with the potential to make the government smarter. Businesses should be pleased since, in practice, this process has mostly meant the snipping away of red tape.