Posts tagged tax credits

    Labor unions are still giving Democrats climate headaches

    December 6, 2023 // The United Steelworkers, whose members operate oil refineries around the state, has endorsed a 12-year transition roadmap developed by economists at the University of Massachusetts Amherst, which proposes California spend $470 million annually to support workers laid off from fossil fuel jobs. In October, USW joined a new labor coalition, including chapters from United Auto Workers, Service Employees International Union and American Federation of State, County and Municipal Employees, that released policy priorities including wage replacement, healthcare coverage, retraining and relocation support for displaced workers.

    Biden-backed wind power company cancels New Jersey projects despite $1B in subsidies

    November 1, 2023 // Under the Inflation Reduction Act, renewable developers stand to receive tax credits of up to 30% for qualifying investments that use union labor, and more credits if the project meets additional criteria. White House spokesperson Michael Kikukawa said in a statement that “momentum remains on the side of an expanding US offshore wind industry,” despite the collapse of the Ocean Wind project. “While macroeconomic headwinds are creating challenges for some projects, momentum remains on the side of an expanding U.S. offshore wind industry — creating good-paying union jobs in manufacturing, shipbuilding, and construction; strengthening the power grid; and providing new clean energy resources for American families and businesses,” Kikukawa said.

    Biden administration offers $12B to convert auto factories into EV plants

    September 6, 2023 // The Energy Department said that both sets of funding announced Thursday will prioritize good working conditions, including facilities that pay high wages and commit to retaining or expanding collective bargaining agreements. However, there will be no specific requirements needed to get the funding, Betony Jones, the director of the office of energy jobs confirmed. That announcement comes as labor concerns bubble up in the transition to clean energy — with the United Auto Workers union accusing industry of using the transition to cut wages and pushing the Biden administration to do more about it. In a written statement, the union praised the administration’s announcement. “We are glad to see the Biden Administration doing its part to reject the false choice between a good job and a green job. This new policy makes clear to employers that the EV transition must include strong union partnerships with the high pay and safety standards that generations of UAW members have fought for and won,” union president Shawn Fain said in a written statement.

    Looming auto strike puts Biden’s labor loyalty to the test

    September 1, 2023 // On Monday, the Treasury Department sent a love letter to unions in the form of a new report, arguing that unions are central to the U.S. middle class. “The Biden-Harris Administration recognizes the benefits of unions to the middle class and the broader economy and is committed to fulfilling the policy objectives of the [National Labor Relations Act],” the report said. While unions are seeing a surge in popularity in the U.S., organized labor has been in long-term decline, with union participation rates falling by half since they first started being measured in the early 1980s.

    Opinion: Free Raises for Everybody. Not.

    August 17, 2023 // One obvious result will be higher costs on public works and probably fewer of them since federal dollars won’t go as far. States and localities may have to borrow more and raise taxes to fund projects. Fewer semiconductor fabs and renewable projects will probably be built since private capital won’t go as far. Another result will be less private investment, especially in housing, since contractors will have to increase wages to compete for workers with federally funded projects that must pay the prevailing wage. The rule will also reduce the competitive advantage of right-to-work states by raising the wages their contractors have to pay.

    Taxpayer-funded union dues: California’s toxic idea is spreading

    May 30, 2023 // The Bureau of Labor Statistics reports the share of wage and salary workers who belong to unions was 10.1% in 2022, down from 10.3% in 2021. In fact, the 2022 membership rate was the lowest on record; in 1983, the first year for which comparable union data are available, it was 20.1%. Former union members are voting with their feet to leave, forcing union leaders to scramble to entice workers to stay — on the taxpayer’s dime. SEE ALSO Union bosses are still making boatloads of money, even if their ranks are dwindling. Union bosses rake it in, even as their ranks shrink It’s much easier to lure someone into your club when innocent bystanders are footing the bill.

    Michigan Democrats want to make it easier to give to unions (who give to Dems)

    May 24, 2023 // Democrats-backed legislation would allow unions to collect political contributions from members via payroll deduction The legislation would reverse restrictions put in place by Republicans Unions typically donate to Democrats and have given big to the party since it took control of Lansing this year. Public resources — such as fees associated with administering the deduction program — would also be allowed to be used for payroll deductions as long as unions reimburse the costs. Employers are already allowed to deduct income tax withholdings, Social Security, overpayments and more from employees’ wages and benefits under federal and state law. They can also deduct payments for health benefits and charitable donations with employee consent.

    Delaware Legislature Wants To Subsidize Unions With Taxpayer Money

    April 17, 2023 // Delaware’s state legislature has renewed a push to subsidize the state’s labor unions via tax credits. State Senator Nicole Poore (D-12) and House Majority Leader Valerie Longhurst (D-15) have introduced Senate Bill 72 (SB 72) which seeks to provide union members with a $500 tax credit for their union dues. This $500 tax credit is believed to offset the annual dues incurred by union members and seeks to increase labor participation in unions. Furthermore, It should be noted that Both Senator Poore and Majority Leader Longhurst receive major campaign contributions from the same unions that gain with the passage of SB 72. Given that unions will oftentimes use the funds they receive from dues to fund the political campaigns of those legislators that seek to enact pro union legislation, the proposition of SB 72 represents a clear conflict of interest.