Wintery Knight

…integrating Christian faith and knowledge in the public square

New study: federal control of land hurts job growth in oil and gas industry

The Daily Signal reports on a new study from the Heritage Foundation.

They write:

Current government regulations imposed by the Bureau of Land Management are harming energy production and holding back the U.S. economy, a new study reveals.

“While federally owned lands are also full of energy potential, a bureaucratic regulatory regime has mismanaged land use for decades,” write The Heritage Foundation’s Katie Tubb and Nicolas Loris.

The report focuses on the Federal Lands Freedom Act, introduced by Rep. Diane Black, R-Tenn., and Sen. James Inhofe, R-Okla. It is designed to empower states to regain control of their lands from the federal government in order to pursue their own energy goals. That is a challenge in an oil-rich state like Colorado.

“We need to streamline the process as there are very real consequences to poor [or nonexistent] management,” Tubb, a Heritage research associate, told The Daily Signal.

“Empowering the states is the best solution. The people who benefit have a say and can share in the benefits. If there are consequences, they can address them locally with state and local governments that are much more responsive to elections and budgets than the federal government.”

Emphasizing the need to streamline the process, Tubb pointed to the findings in the new report.

“The Bureau of Land Management estimates that it took an average of 227 days simply to complete a drill application,” Tubb said.

That’s more than the average of 154 days in 2005 and more than seven times the state average of 30 days, according to the report.

The report blames this increase in the application process on the drop in drilling on federal lands.

“Since 2009,” Tubb and Loris write, “oil production on federal lands has fallen by nine percent, even as production on state and private lands has increased by 61 percent over the same period.”

Despite almost “43 percent of crude oil coming from federal lands,” government-owned lands have seen a 13-point drop in oil production, from 36 percent to 23 percent.

So, if we were interested in more job creation (and lower gas prices) then what we would be doing is letting oil and gas companies hire more people and extract more oil. Streamlining the process for new new drilling permits would help a lot. Right now, we still have a very low level of labor force participation. If we want companies to hire more people, we need to make it easier for them to do it. That means a less anti-business climate.

Filed under: News, , ,

New study: EPA carbon emission regulations eliminate 586,000 manufacturing jobs

Why don’t we build anything in America any more?

Well, we do build many things, but if the question is changed to “why aren’t we building more?” then the answer is that the costs of building things in America are much higher than building them elsewhere. One reason is that we have the highest corporate tax rate in the world. Another reason is that we pass regulations that make it expensive to make anything here.

Here is a report from the Daily Signal about a new study by the Heritage Foundation.

They write:

A new study predicts that more than a half million manufacturing jobs will be eliminated from the U.S. economy as a result of the Obama administration’s proposed regulations to curb carbon dioxide emissions.

“Every state would experience overwhelming negative impacts as a result of these regulations, but especially those with higher-than-average employment in manufacturing and mining,” said Nick Loris, a co-author of study, which was completed by energy experts at The Heritage Foundation—the parent organization of The Daily Signal.

The researchers projected how many manufacturing jobs would be eliminated in each state and congressional district as a consequence of the carbon plan, which is the centerpiece of President Obama’s effort to combat climate change.

The results show that 34 states would lose three to four percent of manufacturing jobs by 2023, and nine other states would lose more.

In Ohio alone, 31,747 jobs would be lost.

The study predicts that the Midwest would be hit the hardest, with Illinois, Indiana, Michigan, Ohio and Wisconsin losing more than 20,000 jobs each.

[…]The analysis comes just months before the Environmental Protection Agency is set to finalize its carbon regulations covering new, existing and modified/reconstructed power plants by mid summer of 2015.

Heritage’s study looked at the totality of the Obama administration’s efforts to limit carbon dioxide emissions—from motor vehicles and power plants, both new and existing.

The EPA’s plan forces states to cut power-industry emissions by 30 percent in 2030 from 2005 levels.

We have to save the planet!!!1!!

Meanwhile, in Boston:

It's global warming! The EPA must save us!

It’s global warming! The EPA must save us!

So, the next time anyone asks you why we don’t build anything anymore, tell them it’s because they voted for Democrats, and how this resulted in higher taxes and more burdensome regulations. Higher taxes and more regulation causes companies to close down here at home and move elsewhere, or they just scale back here and expand elsewhere. Democrats cause American jobs to go overseas, raising the unemployment rate. That’s why our labor force participation hasn’t been this low for decades. It’s basic economics.

Filed under: News, , , , , , , , , , , ,

Wisconsin House passes Scott Walker’s tax cut bill, headed to governor’s desk

Wisconsin Gov. Scott Walker: All He Does Is Win

Wisconsin Governor Scott Walker: All He Does Is Win

The leftist Milwaukee Journal-Sentinel reluctantly reports on another victor for Governor Scott Walker.

Excerpt:

Gov. Scott Walker’s $541 million tax cut proposal ended its trek through the Legislature on Tuesday with a final vote in the Assembly, clearing the way for the governor to sign it by next week.

The Assembly voted, 61-35, in support of the bill, with three Democrats joining all Republicans in favor of the proposal. It now goes to the Republican governor for his approval.

“That’s exactly what taxpayers want — giving their money back to them rather than keep their dollars here in Madison,” Assembly Speaker Robin Vos (R-Rochester) said, urging lawmakers, “Let’s give it back.”

[…]With growing tax collections now expected to give the state a $1 billion budget surplus in June 2015, Walker’s tax proposal will cut property and income taxes for families and businesses, and zero out all income taxes for manufacturers in the state.

Though the state’s tax revenues are increasing, GOP lawmakers and Walker will use that growth as an occasion to trim overall state spending slightly for the next three years rather than increase it.

Rep. Jim Steineke (R-Kaukauna), a Realtor, said the state’s property taxes are a considerable barrier to people buying a home and staying in it into their old age.

“What we’re doing today does move us back in the right direction, lowering the property tax,” he said.

[…]Under Walker’s bill, the average income tax filer would receive a tax cut of $46 in April 2015 and the typical homeowner would save $131 over the existing law on this December’s bills, according to the Legislature’s nonpartisan budget office.

Also, the governor has separately had his administration alter income tax withholding rates so workers have less taken out of each paycheck — about $520 a year for a married couple making a total of $80,000 a year — starting in April.

The bill also would lower income taxes for factory and farm owners by $36.8 million over the current two-year budget and $91.3 million over the following two years.

GOP supporters of the manufacturing tax cut in the bill see it as fuel for one of the state’s main economic engines. Democratic opponents see it as a giveaway with a dubious payback to some of the richest people in the state, averaging about $800 for roughly 30,000 tax filers in 2015.

The Christian Post had a story about Scott Walker as well.

Excerpt:

A Wisconsin-based atheist organization has demanded that that Governor Scott Walker remove a posting on the social media website Twitter that is religious in nature.

The Freedom From Religion Foundation stated Tuesday that they took exception to Walker’s official account, including a tweet posted Sunday that simply read, “Philippians 4:13.”

As rendered by the New King James Version, Philippians 4:13 states, “I can do all things through Christ who strengthens me.”

On Sunday, Walker tweeted “Phillipians 4:13″ on the @GovWalker twitter handle. This is noted as being the “Official Twitter Account of the 45th Governor of the State of Wisconsin, Scott Walker.” Walker has another twitter handle, @ScottWalker.

The @GovWalker tweet of the verse citation received as of Tuesday evening 52 retweets and 76 favorites. It also received diverse responses from other Twitter accounts.

As of Wednesday, the tweet was still up. So I re-tweeted it and favorited it.

I think that in 2016 we should be looking at candidates who will take the fight to the Democrats. We don’t need another Mitt Romney. I want to see a candidate who sticks his neck out for what he believes in and comes out on top. Real accomplishments, this time. Not rhetoric. Why do we always have to care what our opponents think of us? Why not just beat them up and then be magnanimous in victory? If he runs for President on the platform of zeroing out manufacturing income tax, he will win. Every union worker will vote for him.

During the Christmas vacation, I read governor Walker’s new book, which was a Christmas present from my friend ECM. If you want to learn more about governor Walker, I recommend picking that up. I actually got the audio version, and it’s read by governor Walker himself.

Related posts

Filed under: News, , , , , , , , , , , , ,

Wisconsin Governor Scott Walker cuts taxes again, expects $1 billion surplus in 2015

Wisconsin Governor Scott Walker

Wisconsin Governor Scott Walker (Republican)

Walker has actually cut taxes three times in less than a year.

I know what you’re thinking, (if you’re a Democrat). You’re thinking “how can a governor cut taxes three times and have a surplus?”.

When the government cuts taxes, people in the private sector who either create jobs or work at jobs get to keep more of their own money. They either spend or invest their money. Spending money is OK, but the magic really happens when people invest money. Even something as simple as putting money into a savings account can achieve magic, because banks lend that money to job creating businesses. What is the magic? The magic is that when people invest or save their money, the money makes its way to job-creating individuals and businesses, so that they can develop new products and services. For example, if Samsung keeps more of it’s own money, it can hire more and better employees to to develop the S5 smartphone – a new product that performs better than the previous S4 model, even though it will probably cost less than the previous S4 model.

What happens when consumers can get more functionality for less money? It means that they can do more in their own lives using the better products and services, but also means that they have more money to save or spend somewhere else. So what really drives the economy is not government handing out food stamps or government giving money to companies linked to their campaign fundraisers (e.g. – Solyndra). What really drives the economy is the private sector. That’s where new innovative products and services are made. When you thinking of government, you should think of the people with degrees in Marxist studies and women’s studies who take money away from Samsung, so they have less money to innovate with. Government takes money from Samsung and gives it to Brigham and Women’s hospital to study why lesbians are often overweight. (It’s purely a coincidence that this is where Obama’s Surgeon General nominee Vivek Murphy works, and purely a coincidence that he founded “Doctors for America” to market Obamacare to the voters).

When you keep the money in the private sector, you get new products and services that people actually want to buy. The more money that businesses keep, the more they higher workers, and the more the state collects in payroll and income taxes. The more that consumers spend to buy better products and services, the more the state collects in sales tax. The key to economic growth is to have businesses produce better products for less money. When consumers can do more and have more money left over, there is economic growth, which boosts tax revenues. Government rarely spends money as efficiently and effectively as job creators and workers can.

With that in mind, let’s see what happened when Governor Scott Walker cut taxes and let job creators and workers keep more of their own money.

The ultra-leftist Milwaukee Journal-Sentinel reluctantly reports.

Excerpt:

Senate Republicans Tuesday narrowly passed Gov. Scott Walker’s $541 million tax cut proposal in a vote that guaranteed the cuts will become law.

The tax decreases — the third round of cuts by Republicans in less than a year — passed 17-15 with GOP Sen. Dale Schultz of Richland Center joining all Democrats in voting against the proposal. The proposal now goes to the Assembly, which passed a different version of the tax cuts last month with two Democrats joining all Republicans in supporting it.

With growing tax collections now expected to give the state a $1billion budget surplus in June 2015, Walker’s bill will cut property and income taxes for families and businesses, and zero out all income taxes for manufacturers in the state.

GOP lawmakers and Walker will use the windfall for the state as an occasion to trim overall state spending slightly for the next three years rather than increase it.

[…]Also Tuesday, the Senate voted unanimously to pass a second bill to increase spending on worker training by $35.4 million through June 2015.

[…]Under Walker’s bill, the average income tax filer would receive a tax cut of $46 in April 2015 and the typical homeowner would save $131 over the existing law on this December’s bills, according to the Legislature’s nonpartisan budget office.

Also, the governor has separately had his administration alter income tax withholding rates so workers have less taken out of each paycheck — about $520 a year for a married couple making a total of $80,000 a year — starting in April.

“The more money that we give back to the taxpayers, the more money they can spend or save as they wish and the more our economy will grow,” said Sen. Alberta Darling (R-River Hills), co-chairwoman of the Legislature’s budget committee.

The bill would also lower income taxes for factory and farm owners by $36.8 million over the current two-year budget and $91.3 million over the following two years.

GOP supporters of this manufacturing tax cut in the bill see it as fuel for one of the state’s main economic engines.

Now the nice thing about Walker is that he is no Wall Street Republican. The man has been plowing money into worker re-training programs and manufacturing, which is exactly how you draw votes from working Democrats. Working Democrats tend to prefer working to collecting welfare, so Walker is out there competing for their votes by making sure that everyone who wants a job can get a job, and that those jobs pay well. Walker knows that if he can cut taxes on manufacturing, that it will cause manufacturers in his state to hire more people in order to develop cheaper and better products. That’s going to cause them to invest more in his state, and some manufacturers will even leave other Democrat-run states (e.g. – Illinois) to move to Wisconsin.

When Democrats were running Wisconsin, they created a huge $3.6 billion dollar deficit that Walker inherited. Everything has been turned around under Scott Walker, but neighboring states like Illinois continue to decline. What a resume this guy is going to have in 2016 when he runs for President. Walker bet the farm on his pro-growth policies in a blue state, and guess what? He is reaping the rewards. He knows what he is doing, and the left can’t stand him. All he does is win.

Filed under: News, , , , , , , , , , , , ,

American Spectator praises Australia’s bold new conservative leader

Tony Abbott, Prime Minister of Australia

Tony Abbott, Prime Minister of Australia

Well, I think we can get some encouragement from this article from the American Spectator.

Let’s take a look at his policies and appointments:

On economic policy, his government has moved in the opposite direction of those who favor Dodd-Frank-like behemoth approaches to the financial industry. Instead it’s opted to simplify regulation. As the minister responsible for the reform bluntly pointed out, “no amount of legislation will ever be a guarantee against another Storm Financial.” Indeed it’s often excessive regulation that creates opportunities for financial shenanigans by industry insiders.

Regarding the welfare state, Abbott’s minister for Social Security, Kevin Andrews (another conservative politician-thinker), has announced a major overhaul of a welfare system that was starting to drift in a distinctly European-direction. Predictably the left are up in arms. But so too are those rent-seeking Australian businesses who now find themselves dealing with a government uninterested in subsidizing them. That’s nothing, however, to the fury that greeted Abbott’s disbanding of the climate-change bureaucracy established by the preceding Labor government.

[…]The first sign of Abbott’s seriousness about obstructing the left’s long march through the institutions was his government’s appointment of the policy-director of the center-right Institute of Public Affairs to the nation’s Human Rights Commission. This was widely seen as the beginning of an effort to re-balance an organization long criticized as monolithically left-wing. Since then Abbott has indicated that major changes are coming to the ABC: Australia’s government-funded institutional — and ideological — equivalent of the BBC.

[…]Along the same lines, Abbott’s education minister, Christopher Pyne, has initiated a review of the national curriculum implemented by the previous government. A moment’s glance at the curriculum’s treatment of history soon illustrates the extent to which it seeks to downplay Australia’s indisputably Western heritage. In the words of Sydney’s Cardinal George Pell, “Europe, Britain and the United States are mentioned 76 times, while Asia is referred to on more than 200 occasions.” This disparity is odd because although Australia is certainly in Asia, no objective observer could say that Australia is “of” Asia. Moreover, while Australian students learn about “Gaia” and other deep-green fantasies in grade 9, many Australian universities find they need to put the same students through remedial English classes once they begin college.

Then there are Abbott’s initial steps on the international stage. Take, for instance, his recent remarks at Davos. Much of the address was devoted to pushing a strong free trade agenda and insisting that governments should let business do what it does best: promote lasting economic growth. “After all,” Abbott said, “government doesn’t create wealth; people do, when they run profitable businesses.”

In the same speech, however, Abbott made the conservative point that economic prosperity and freedom can’t be sustained in a value-neutral world. Nor did Abbott shy away from relentlessly pressing one of the most important moral arguments for free trade articulated long ago by Adam Smith: that economic freedom, combined with the right institutions, radically reduces poverty faster than any other approach. “No country,” Abbott added, “has ever taxed or subsidized its way to prosperity.”

All in all, the address added up to a solid integration of sound economics with conservative principles. That’s what makes Abbott different from, say, Canada’s Stephen Harper or Spain’s Mariano Rajoy. Abbott happily engages in the indispensable task of moral suasion in favor of conservative positions. What’s more, he’s quite good at it. With his rare combination of plain-speaking and intellectual substance, Abbott makes conservative ideas sound, well, reasonable to the average voter.

Now, I personally thought that prime minister Stephen Harper of Canada was the best leader of any nation out there, but I had not been following Australian politics as much as I should be, and now I think I’ll give the crown to Abbott. He seems to have a good fusionist view that integrates economic policy and social policy, and that makes him better than Harper, in my view. I would like to see Abbott flex his muscles on foreign policy, as well. Something to look forward to.

Filed under: News, , , , , , , , , , , , , , , , , , , , , , , , ,

Click to see recent visitors

  Visitors Online Now

Page views since 1/30/09

  • 4,905,775 hits

Enter your email address to follow this blog and receive notifications of new posts by email.

Join 2,435 other followers

Archives

Follow

Get every new post delivered to your Inbox.

Join 2,435 other followers

%d bloggers like this: