Sen. Barack Obama (D-Ill.) yesterday proposed federal assistance to help U.S. automakers cover the cost of their retired workers' health benefits if the companies invest in technology to improve their vehicles' fuel efficiency.***Obama proposed that the government pay for 10 percent of domestic automakers' health-care costs for retired workers through 2017 if the firms plow half the savings into equipment for making more efficient cars and trucks. Obama's campaign estimates that this would cost taxpayers roughly $7 billion over the next 10 years.
In addition, Obama proposed tax incentives for retooling auto assembly plants and the extension of tax credits for hybrid vehicles beyond the current 60,000-cars-per-manufacturer limit. His campaign put the 10-year cost of his plan at $20 billion and said it would be covered by auctioning greenhouse gas permits under a cap-and-trade program that Obama also supports.
Teachers are the Tip of the Spear
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Casey Smith, writing for the Indiana Capital Chronicle, has an excellent
account of a recent meeting of the General Assembly’s interim study
committee on...
2 days ago