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...individual firm can receive is $500,000. Obama believes limiting the credit means that more of the benefit will go to smaller businesses. Administration officials said the Obama plan would cost $33 billion. The hiring rebate was one of a number of tax cuts the President proposed in his State of the Union address earlier in the week. In that speech, Obama predicted the tax credit would be tapped by more than "1 million small businesses who hire new workers or raise wages." (See the best business deals...
Environmentalists came away from President Obama's first State of the Union address on Wednesday with mixed feelings. Yes, the President focused on the importance of investment in clean energy and energy efficiency as the best way to sustainably grow America's moribund economy, and he mentioned clean coal, biofuels and nuclear power (though not renewable energy), and he talked up the need to pass a "comprehensive energy and climate bill." But notably, he said nothing about putting a price on carbon - which is considered by most greens to be the key move to reduce global carbon emissions...
Demographically, Florida is an ideal state in which to launch the rail projects. Together, the metro areas of Tampa and Orlando are a major economic unit, home to more than 3.4 million people and close enough on the map to make high-speed rail competitive with air and auto travel. The region is also a tourist hub, which makes it likely that a Tampa-Orlando rail line will be well-used by Americans from around the country. That makes it a smart advertisement for other high-speed-rail projects back in their home regions. (Read "A Brief History of High...
Florida's project is also an optimal test case, having already been approved by the state and relatively free of red tape. The line is set to open by 2015, the environmental-impact assessment has already been done, and the state owns more than 90% of the route's right of way. That should reduce the property struggles and legal challenges that have slowed other new rail projects. "Florida is relatively cheap compared to other projects," says Todorovich. "This is the sort of project they can use to build support on a national basis. You need a success...
...tool boasts a more usable interface and will provide the state with customized data on electricity, natural gas, and oil usage as well as help local officials identify which departments and buildings are wasting energy. The program will also help communities reduce energy use by 20 percent in five years—fulfilling one requirement for receiving the Green Communities Grants Mass. Governor Deval L. Patrick ’78 announced last week to finance energy efficiency and renewable power projects...