Tag: Job Creation

Now This is What I’m Talkin About!

Massive solar plant in Mojave Desert the first of its kind on federal land

The LA Times

“Las Vegas-bound travelers nearing the Nevada border rarely take notice of the vast, empty stretch of the Mojave Desert surrounding them. But that may soon change. On Wednesday, ground is to be broken for a massive solar thermal plant spanning about 3,600 acres and involving 346,000 mirrors, each about the size of a billboard.

Not only will the plant be highly visible to travelers on I-15, it also will be closely watched – and probably copied – by solar developers. Many developers are angling to start their solar projects by the end of the year, when a federal program that could cover up to 30% of the construction costs is due to expire.

The nearly $2-billion project is the first of its kind to be built on federal land and also the first to have slogged through myriad environmental, financial and technical issues that future solar projects are likely to face as well.”

Olbermann Removes the SMALL {Attention Spans} from “Small Business”

The main GOTP argument for keeping the Bush Tax Cuts in place for the Top 2% — pivots on how it will “hurt Small Businesses” if we don’t.

This simple slogan, fails to take into account one VERY SMALL stat.

[Mitch McConnell] says President Barack Obama’s plan to limit future tax breaks to couples earning less than $250,000 would subject 50 percent of small business income to a tax increase, stalling the job creation engine.

[…]

McConnell’s 50-%-of-income figure is based on a July 12 finding by the Joint Committee on Taxation, … that 1/2 of about $1 trillion of business income in 2011 will be reported on some 750,000 personal tax returns filed by people who pay the top marginal rates.

He calls those small businesses. Yet the report says the data “do not imply that all of the income is from entities that might be considered ‘small.’ ” Almost 20,000 of those businesses, for example, had receipts of more than $50 million, it says.

Would Ending Bush’s Tax Cuts Hurt Small Business?

Ryan J Donmoyer, BusinessWeek – 09/23/10

Behold the GOTP — Defenders of the $50 Million-aires!