As President Trump gets to work cleaning up Joe Biden’s failed economy, the last thing the people of Arizona need is to be sending their hard-earned dollars to woke Hollywood. But that’s exactly what’s happening.
Thanks to a law passed in 2022, movie companies that film in Arizona will begin receiving refundable tax credit subsidies this year—up to 15 percent if they spend up to $10 million in production costs, 17.5 percent if they spend between $10 million and $35 million, and 20 percent if they spend over $35 million. Then, to top it all off, these movie companies can get an additional 2.5 percent if they meet other criteria.
But here’s the real kicker. The keyword in all of this is “refundable.” This essentially means that if a movie company qualifies for more credits than they owe in taxes, the State of Arizona sends them a check!
So, how much does this outrageous tax scheme cost the people of Arizona?
Up to $125 million each year!
For that kind of money, there must be at least some kind of return on this investment, right? Nope.
If a company comes to Arizona, films a movie, mentions our state in the credits but decides not to release or distribute the film, it still receives the money.
Yes. You read that right. Arizona taxpayers could be funding Hollywood movies that won’t ever see the light of day…
Shares of big Danish offshore wind developer Orsted dropped by 17% Monday, the same day President Donald Trump took the oath of office to become the 47th president of the United States. The two events are not merely coincidental with one another.
To be sure, Orsted’s loss of market cap was caused by several factors, including both the general slowing of the offshore wind business, and Orsted’s own announcement that it will incur a $1.69 billion impairment charge related to its Sunrise Wind project off the coast of New York. Company CEO Mads Nipper attributed the charge to delays and cost increases and said the project completion date is now delayed to the second half of 2027.
But there can be little doubt that the raft of energy-related executive orders signed by Trump also contributed to the drop in Orsted’s stock price. As part of a Day 1 agenda consisting of a reported 196 executive orders, the new president took dead aim at reversing the Biden Green New Deal agenda in general, with a special focus on wind power projects on federal lands and waters.
In addition to general orders declaring a national energy emergency and pulling the United States out of the Paris Climate Accords (for a second time), Trump signed a separate order titled, “Temporary Withdrawal of All Areas on the Outer Continental Shelf from Offshore Wind Leasing and Review of the Federal Government’s Leasing and Permitting Practices for Wind Projects.” That long-winded title (pardon the pun) is quite descriptive of what the order is designed to accomplish.
Section 1 of this order withdraws “from disposition for wind energy leasing all areas within the Offshore Continental Shelf (OCS) as defined in section 2 of the Outer Continental Shelf Lands Act (OCSLA), 43 U.S.C. 1331.” Somewhat ironically, this is the same OCSLA cited in early January by former President Joe Biden when he set 625 million acres of federal offshore waters off limits to oil and gas leasing and drilling into perpetuity.
As with Biden’s LNG permitting pause, the fourth paragraph of Section 1 in Trump’s order states that “Nothing in this withdrawal affects rights under existing leases in the withdrawn areas.” However, the same paragraph goes on to subject those existing leases to review by the secretary of the Interior, who is charged with conducting “a comprehensive review of the ecological, economic, and environmental necessity of terminating or amending any existing wind energy leases, identifying any legal bases for such removal, and submit a report with recommendations to the President, through the Assistant to the President for Economic Policy.”
Observant readers will know that the parameters of this order as it relates to offshore wind are essentially the same as a proposal I suggested in a previous piece here on Jan. 1. So, obviously, it receives the Blackmon Seal of Approval.
But we should also note that Trump goes even further, extending this freeze to onshore wind projects as well. While the rationale for the freeze in offshore leasing and permitting cites factors unique to the offshore like harm to marine mammals, ocean currents and the marine fishing industry, the rationale supporting the onshore freeze cites “environmental impact and cost to surrounding communities of defunct and idle windmills and deliver a report to the President, through the Assistant to the President for Economic Policy, with their findings and recommended authorities to require the removal of such windmills.”
This gets at concerns long held by me and many others that neither the federal government nor any state government has seen fit to require the proper, complete tear down and safe disposal of these massive wind turbines, blades, towers and foundations once they outlive their useful lives. In most jurisdictions, wind operators are free to just abandon the projects and leave the equipment to dilapidate and rot.
The dirty secret of the wind industry, whether onshore or offshore, is that it is not sustainable without consistent new injections of more and more subsidies, along with the tacit refusal by governments to properly regulate its operations. Trump and his team understand this reality and should be applauded for taking real action to address it.
David Blackmon is a contributor to The Daily Caller News Foundation, an energy writer, and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
America is now drowning in $36 trillion in federal debt.
While past efforts to reform our nation’s finances have failed, Washington, D.C. will have a new sheriff in town after Jan. 20, leading a posse with plans to take the bold steps necessary to clean up our fiscal mess. To achieve different results compared to past efforts will require Republican unity.
Thankfully, President-elect Donald Trump’s plan to restore America’s economic stability has close allies in Congress. In an interview with the Daily Caller News Foundation, Republican Kentucky Rep. James Comer, chairman of the House Oversight Committee, outlined his new Subcommittee on Delivering on Government Efficiency (DOGE), led by Republican Georgia Rep. Marjorie Taylor Greene.
“I don’t think there’s going to be any shortage of waste, fraud and abuse for that subcommittee to investigate,” Comer said.
Comer said DOGE will find healthcare savings, through reducing Medicare fraud and reforming areas like pharmaceutical patents and pharmacy benefit managers.
“One of the things I would encourage those to do — in this administration and Pam Bondi — we need to encourage our U.S. attorneys to focus more on Medicare and Medicaid fraud,” Comer said. “It’s not a priority for a lot of jurisdictions, and that’s something that needs to be a priority.”
Comer said Congress will adopt DOGE cuts through a legislative process known as “reconciliation” that doesn’t require a 60-vote threshold in the Senate.
“You’ve got to do it on reconciliation, because you’ll never get 60 votes,” Comer said. “Democrats don’t want to cut anything, right? Nothing.”
Comer’s DOGE bears a similar name to Trump’s Department of Government Efficiency (DOGE), which will be run by Elon Musk and Vivek Ramaswamy.
Trump’s DOGE has set its own deadline at July 4, 2026 (America’s 150th birthday). Comer said he plans to keep his DOGE subcommittee throughout the entire 119th Congress, which ends in January 2027.
Ramaswamy told Fox News’ Maria Bartiromo that DOGE is “the greatest effort to downsize government in our lifetime” and that, “We expect certain agencies to be deleted outright.”
Comer said the Department of Education is a prime example of a duplicative federal bureaucracy that has outlived its usefulness.
He said it is duplicative because each state has its own Education Department. Comer said it’s better to cut out the middleman and send federal education funding directly to the states in the form of block grants. Federal student loans can be administered by the Treasury Department.
Comer said he would love to bring Democrats on board, but he is no Pollyanna.
“I have yet to meet a Democrat in Congress that’s concerned about $36 trillion debt, that’s concerned about Social Security running out of money,” Comer said. “There may be one, but I haven’t met them or they’re very secretive on their opinions.”
This can’t wait any longer.
Our debt-to-GDP ratio, e.g. the size of our debt compared to our productive economy, was less than 31 percent in 1980, growing to nearly 57 percent by 2000 and mushrooming to 120 percent today, according to the Federal Reserve Bank of St. Louis. This is unsustainable and will bankrupt America’s future.
Conservatives have a golden opportunity to create a generational shift in America’s fiscal future. The only way these massive spending reforms will take place is if Republicans remain unified.
During Trump’s “off-season,” he garnered a fairly successful track record in primarying squishier Republicans who would be far less likely to use the political muscle we need to stop our fiscal drift. Comer is confident that Trump’s cost-saving agenda will pass, thanks to GOP unity.
“Obviously, I can only speak for the House,” Comer said. “We can get, I think, just about everything they want, passed out of the House.”
We’ve become awash in feckless spending, unmoored by excessive COVID-19 stimulus packages (riddled with fraud), followed by more in Green New Deal scams and pet project giveaways.
Trump and congressional Republicans earned a powerful mandate to rein in government spending, which will also lower inflation. It’s what the American people desire and deserve.
Just a few years ago, ESG was all the rage in the banking and investing community as globalist governments in the western world focused on a failing attempt to subsidize an energy transition into reality. The strategy was to try to strangle fossil fuel industries by denying them funding for major projects, with major ESG-focused institutional investors like BlackRock and State Street, and big banks like J.P. Morgan and Goldman Sachs leveraging their control of trillions of dollars in capital to lead the cause.
But a funny thing happened on the way to a green Nirvana: It turned out that the chosen rent-seeking industries — wind, solar and electric vehicles — are not the nifty plug-and-play solutions they had been cracked up to be.
Even worse, the advancement of new technologies and increased mining of cryptocurrencies created enormous new demand for electricity, resulting in heavy new demand for finding new sources of fossil fuels to keep the grid running and people moving around in reliable cars.
In other words, reality butted into the green narrative, collapsing the foundations of the ESG movement. The laws of physics, thermodynamics and unanticipated consequences remain laws, not mere suggestions.
Making matters worse for the ESG giants, Texas and other states passed laws disallowing any of these firms who use ESG principles to discriminate against their important oil, gas and coal industries from investing in massive state-governed funds. BlackRock and others were hit with sanctions by Texas in 2023. More recently, Texas and 10 other states sued Blackrock and other big investment houses for allegedly violating anti-trust laws.
As the foundations of the ESG movement collapse, so are some of the institutions that sprang up around it. The United Nations created one such institution, the “Net Zero Asset Managers Initiative,” whose participants maintain pledges to reach net-zero emissions by 2050 and adhere to detailed plans to reach that goal.
The problem with that is there is now a growing consensus that a) the forced march to a green energy transition isn’t working and worse, that it can’t work, and b) the chances of achieving the goal of net-zero by 2050 are basically net zero. There is also a rising consensus among energy companies of a pressing need to prioritize matters of energy security over nebulous emissions reduction goals that most often constitute poor deployments of capital. Even as the Biden administration has ramped up regulations and subsidies to try to force its transition, big players like ExxonMobil, Chevron, BP, and Shell have all redirected larger percentages of their capital budgets away from investments in carbon reduction projects back into their core oil-and-gas businesses.
The result of this confluence of factors and events has been a recent rush by big U.S. banks and investment houses away from this UN-run alliance. In just the last two weeks, the parade away from net zero was led by major banks like Goldman Sachs, Morgan Stanley, Citigroup, Bank of America, Wells Fargo, and, most recently, JP Morgan. On Thursday, the New York Post reported that both BlackRock and State Street, a pair of investment firms who control trillions of investor dollars (BlackRock alone controls more than $10 trillion) are on the brink of joining the flood away from this increasingly toxic philosophy.
In June, 2023, BlackRock CEO Larry Fink made big news when told an audience at the Aspen Ideas Festival in Aspen, Colorado that he is “ashamed of being part of this [ESG] conversation.” He almost immediately backed away from that comment, restating his dedication to what he called “conscientious capitalism.” The takeaway for most observers was that Fink might stop using the term ESG in his internal and external communications but would keep right on engaging in his discriminatory practices while using a different narrative to talk about it.
But this week’s news about BlackRock and the other big firms feels different. Much has taken place in the energy space over the last 18 months, none of it positive for the energy transition or the net-zero fantasy. Perhaps all these big banks and investment funds are awakening to the reality that it will take far more than devising a new way of talking about the same old nonsense concepts to repair the damage that has already been done to the world’s energy system.
David Blackmon is a contributor to The Daily Caller News Foundation, an energy writer, and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.
Vaccines may not be the most spectacular of all the miracles of modern medicine, but they are arguably the most beneficial. They have virtually eliminated the infectious diseases of childhood, including measles, diphtheria, mumps, rubella, smallpox, and polio that were once the sources of unimaginable worry and grief for parents everywhere.
Vaccines are estimated to have saved over 150 million lives in the last five decades, cutting infant mortality by 40% globally and over 50% in Africa. Closer to home, of all babies born in the U.S. in 2001 alone, a 2005 study showed that vaccines prevented 33,000 deaths and 14 million illnesses. Vaccines are also the most cost effective of all medical interventions, easily yielding the greatest amount of benefit received per dollar spent.
Like all medical treatments, vaccinations have side effects and risks, but they are rare and mostly insignificant, like a sore shoulder. There was for some time a concern that vaccines or the mercury in them caused autism, understandably so because autism was becoming much more frequently diagnosed just as vaccine use was expanding worldwide.
The scientific community took the threat seriously. Today, many exhaustive studies involving hundreds of thousands of children have all shown the same thing: vaccines don’t cause autism.
Yet in spite of the record of success and all the lives and dollars saved, experiences with COVID have led Americans to become less trusting of vaccines. Before COVID, America was a world leader in vaccination rates with 95% coverage. Since 2020, though, the percentage of children receiving the recommended vaccines has declined by 2% or about 70,000 children.
The result has been a resurgence of childhood diseases once considered vestiges of the past. Measles was considered to be entirely eliminated in 2020, yet last year multiple outbreaks sickened hundreds of children. Cases of chickenpox, whooping cough, and pneumonia are all on the rise. Trend lines don’t look good.
Clearly, millions of Americans have become skeptical of medical authority, especially that coming from government. What happened to cause Americans to adopt behaviors that re-introduced these diseases into the population and caused needless suffering?
The answer is that our public health establishment became politicized, shilling for approved government policy rather than acting as honest, reasonably humble stewards of the public good. The bonds of trust were broken because we were often manipulated rather than informed. We were proselytized rather than respected. Vaccines were rushed to market and their benefits oversold.
Fairly or not, the bulk of criticism has centered on Dr. Anthony Fauci, the Chief Medical Adviser to the President on COVID. Dr. Fauci was a respected, competent public health physician until he became a celebrity. Signature prayer candles, action figures, and other trappings apparently caused him to lose his way.
For example, Dr. Fauci early on warned against dependence on mask wearing, citing “unintended consequences” and noting that they didn’t provide much protection. Yet he later repeatedly overstated the known benefits of masks and never disavowed his previous declarations, leading many to conclude that his counsel seemed rooted more in shifting public perceptions than actual evidence.
Fauci also had the exasperating habit of changing his estimate regarding the percentage of the population needing to be vaccinated to achieve herd immunity, the point at which protection effectively extends to all, vaccinated or not. He finally admitted that he changed his statements based only on his assessment of what the public was ready to hear.
He recommended mandating six feet of distance from others in public, although he later admitted it was nothing more than a personal guesstimate. He initially was an enthusiastic supporter of gain-of-function research in China’s Wuhan lab, but later evaded questions and denied involvement when the consequences of the catastrophic lab leak became known.
What Fauci left unsaid was equally harmful. He neglected to point out that participating in a George Floyd riot was as unhealthy as mingling in any other crowd in 2020 and that there was no evidence supporting school shutdowns.
Fauci indignantly informed his critics that “I am the science.” But the days of authority-based science are past. Fauci’s self-serving deceptions broke the trust relationship with the American people. We may be reaping the consequences for years to come.
Dr. Thomas Patterson, former Chairman of the Goldwater Institute, is a retired emergency physician. He served as an Arizona State senator for 10 years in the 1990s, and as Majority Leader from 93-96. He is the author of Arizona’s original charter schools bill.
With the new year here and the 2025 legislative session officially underway, Democrats are already proving they can’t learn a lesson. Led by Governor Katie Hobbs, one of their primary targets is once again…you guessed it…Arizona’s Empowerment Scholarship Account (ESA) program. Stop us if you’ve heard this before.
You would think that Democrats would find a different target after getting trounced in an election where teachers’ unions and other anti-school choice groups made it a referendum on school choice. But no. After 2 ½ years and multiplefailures trying to overturn school choice, they’d rather double down on their same tired and out-of-touch policies.
This time, Hobbs and the Dems say they want to roll back ESAs because of all the supposed “fraud” in the program. Never mind the fact that the rate of waste, fraud, and abuse in the ESA program is extremely low. Never mind the fact that ESAs have proven to be far more financially accountable than other government programs. Democrats don’t care about facts. Instead, they want to regulate this popular program while Arizona’s Democrat Attorney General Kris Mayes asks for more funding to investigate ESA fraud.
But here’s a message for Hobbs, Mayes, and the rest of the Democrats:
If you care so much about fraud, why not investigate Arizona’s public school districts?
They could start with Isaac Elementary School District (IESD)…
