Left-Right Coalition Works to End Environmentally Harmful Subsidies
Ending a third of a trillion dollars in environmentally harmful subsidies could go a long way toward solving our nation’s budget challenges, help the environment and help businesses and taxpayers throughout Texas, an unusual right-left coalition said Oct. 4.
Texas Rep. Jeb Hensarling sits on the so-called super committee that must make recommendations to Congress by Thanksgiving for how to save $1.5 trillion over the next ten years.
Speakers referred to a recent report—Green Scissors 2011—that proposes $380 billion in savings over five years by curbing wasteful spending that harms the environment.
“At a time when working families are expected to belt-tighten, so too must wasteful public investments. For example, Congress should eliminate loan guarantees for nuclear power plants that would produce power too expensive to sell, such as the South Texas nuclear plants,” said Tom “Smitty” Smith, director of Public Citizen Texas. “Every Texas utility that has looked at South Texas has backed away due to the high costs and federal loan guarantees that would benefit only the Japanese owners. Other examples of wasteful spending in Texas are the Trinity River projects in Ft. Worth and Dallas.”
“The Green Scissors report documents the breadth and depth of damage that government spending does to our environment,” said Heartland Institute Vice President Eli Lehrer. “Texas and America would be better off if wasteful corporate welfare projects were canceled.”
“These common-sense cuts represent the lowest of the low-hanging budgetary fruit,” said Taxpayers for Common Sense President Ryan Alexander. “Lawmakers across the political spectrum should be scrambling to eliminate these examples of wasteful spending and unnecessary tax breaks that are squandering our precious tax dollars while the nation is staring into a chasm of debt.”
As the report notes: “To get our nation’s spending in check we will need to end wasteful programs and policies. They not only cost us up front, but also create additional financial liabilities down the road and threaten our nation’s fragile land, air, and water. In addition, we need to ensure that we receive a fair return on government assets. From the more than a century-old 1872 Mining Law that gives away precious metals—like gold and copper—on federal lands for free, to $53 billion in lost oil and gas revenues from royalty-free leases in federal waters granted in the late 1990s, to the $6 billion per year ethanol tax credit, there are dozens of reforms that can return hundreds of billions to taxpayers while helping to address our nation’s top environmental priorities.”
For more information, click here.
By Brett Wilkins
One hundred seconds to midnight. That's how close humanity is to the apocalypse, and it's as close as the world has ever been, according to Wednesday's annual announcement from the Bulletin of the Atomic Scientists, a group that has been running its "Doomsday Clock" since the early years of the nuclear age in 1947.
EcoWatch Daily Newsletter
- Scientists Discover New Population of Endangered Blue Whales ... ›
- Endangered Blue Whales Make 'Unprecedented' Comeback to ... ›
- Endangered North Atlantic Right Whale Calves Spotted Off Coast ... ›
- Only 366 Endangered Right Whales Are Alive: New NOAA Report ... ›
By Yoram Vodovotz and Michael Parkinson
The majority of Americans are stressed, sleep-deprived and overweight and suffer from largely preventable lifestyle diseases such as heart disease, cancer, stroke and diabetes. Being overweight or obese contributes to the 50% of adults who suffer high blood pressure, 10% with diabetes and additional 35% with pre-diabetes. And the costs are unaffordable and growing. About 90% of the nearly $4 trillion Americans spend annually for health care in the U.S. is for chronic diseases and mental health conditions. But there are new lifestyle "medicines" that are free that doctors could be prescribing for all their patients.
Taking an unconventional approach to conduct the largest-ever poll on climate change, the United Nations' Development Program and the University of Oxford surveyed 1.2 million people across 50 countries from October to December of 2020 through ads distributed in mobile gaming apps.
- Guardian/Vice Poll Finds Most 2020 Voters Favor Climate Action ... ›
- Climate Change Seen as Top Threat in Global Survey - EcoWatch ›
- The U.S. Has More Climate Deniers Than Any Other Wealthy Nation ... ›
By Tara Lohan
Fall used to be the time when millions of monarch butterflies in North America would journey upwards of 2,000 miles to warmer winter habitat.
A monarch butterfly caterpillar feeds on common milkweed on Poplar Island in Maryland. Photo: Will Parson/Chesapeake Bay Program, (CC BY-NC 2.0)