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...began is the keyword. To obtain financing, TransCanada will need commitments from producers to use the pipeline. But the majors aren't likely to agree to pay someone else tariffs for pipe they could lay themselves, and this they have steadfastly refused to do without long-term tax breaks from the state. Palin's initiative was "bold but unworkable, a big splash with little payoff," says University of Alaska energy economist Doug Reynolds. He predicts no movement on a pipeline until Palin agrees to negotiate with the producers...
...years. But Irwin rejected the proposal in April, saying he did not "trust" ExxonMobil's word after years of false starts, and pulled the leases. The state wants other producers to bid for the development rights, a plan unlikely to occur for years because of court challenges. Dan Dickinson, tax chief under Murkowski, claims that the Point Thompson decision may have scored p.r. points for Palin but ultimately set back early production of the field. "I don't think Governor Palin really understands the intricate details of oil and gas here," says Persily, the former administration official. "She underestimates...
George W. Bush has never been reluctant to frame policy debates in moral terms, targeting an "axis of evil," casting tax cuts as the removal of "unfair burdens" on hardworking people, calling tariff reduction a "moral imperative." But THRIFT is one virtue he never invokes, and a restoration of restraint is a strain of conservatism he seldom promotes. In fact, it was after the most tragic day in modern U.S. history, when Bush urged people who wanted to help to "go shopping," that profligacy officially replaced prudence as a patriotic duty...
...fact increase. “Moving toward a relatively unregulated non-group market will tend to raise costs, reduce the generosity of benefits, and leave people with fewer consumer protections,” the study found. The group focused on McCain’s proposals to introduce a tax on insurance premiums paid by employers, to institute an individual refundable tax credit, and to move toward allowing intra-state policy purchases. The authors wrote that they felt Obama’s health care plan had been scrutinized during the primary season but McCain’s had not been subjected...
...version of the financial stabilization bill Wednesday night - bailout is all but a banned word on Capitol Hill now - the uncomfortable spotlight is once again focused on Boehner's ability to deliver enough Republicans. The sweeteners added to the basic plan - including an extension of popular energy and business tax cuts and an increase to $250,000 in the amount in individual bank accounts that the FDIC will insure - should help. But if Boehner is once again unable to deliver the necessary votes, it could cost him his leadership job and further damage McCain's chances of winning the presidency...