-
Recent Posts
- 2025 Corvette ZR1 – 2.3 Seconds 0-60 MPH
- EU Car Sales Weak Again in November
- Supply Chain Resilience – U.S. DOT Four-Year Review
- CarMax FY Q3 Net Profit Up 1.2%
- Toyota to Get $4.5M in Fed Funding for EV Batteries
- California Advanced Clean Cars II Regs – EPA Grants Waivers!
- Clean Air Act – Power Performance Enterprises Fined
- Milestones – Sculptor Charles Sykes – Spirit of Ecstasy Creator
- US Auto Sales Forecast Trump Bump or Bumpy 25?
- Toyota Slashes 2025 Electric Vehicle Prices $6000
- Kenworth, Peterbuilt ABS Software Recall
- November Global Light Vehicle Sales Rate 93 Million
- Airports – More Safety, Capacity Improvements On Way
- Florida Man Pleads Guilty to Odometer Tampering
- December U.S. Auto Sales Start Strong
Recent Comments
- US Auto Sales Forecast Trump Bump or Bumpy 25? | AutoInformed on Trump Presidency Effects on Auto Industry – All Bad?
- Lisa Jacobson on Fossil Fuel Phase Out or Cop Out at COP28?
- Stellantis on Carlos Tavares Out as Stellantis CEO
- NHTSA Fines Ford $165M for Flouting Recall Law | AutoInformed on Ford Recalls Defective Rear-view Cameras on 620,246 Vehicles
- Alfa Romeo Returns to Formula 1 in 2018 via Sauber on Alfa Romeo Returns to Formula 1 in 2018 via Sauber
Archives
Meta
Tag Archives: budget deficit.
NHTSA Says Chinese Counterfeit Air Bags are a Safety Problem
The U.S. Department of Transportation’s National Highway Traffic Safety Administration – NHTSA – has published a consumer safety advisory to warn vehicle owners and repair shops about the dangers of counterfeit Chinese air bags. NHTSA said it has become “aware” of a problem involving the sale of counterfeit air bags for use as replacement parts in vehicles that have been involved in a crash. Continue reading
DOE Gives EV Supplier UQM More Time on ARRAS Grant
The politically contentious American Recovery and Reinvestment Act contained billions upon billions in taxpayer funding to businesses though a number of Recovery Act and related programs, including loans, loan guarantees, grants, contracts and tax incentives, in partnership with the Department of Treasury. In total, CBO estimates that the legislation will increase budget deficits by about $831 billion over the 2009–2019 period. Continue reading
New Jersey Stiffs U.S. Taxpayers over $271 Million Grant. Republicans, Democrats Collude on Cancelled ARC Tunnel
Well, it sounds like LaHood (an Illinois Republican appointed by Obama) had no choice. Defenders of the deal, and there are some, say that DOT maneuvered to get N.J. taxpayers some benefit from the cancelled transit investment. In their view this solves the standoff over reimbursement — interest and penalties were accruing daily that New Jersey taxpayers would have been responsible for — and maybe New Jersey residents will also get the benefit of improved transit in the state. We will see. There sure is enough political manure here in my view to help New Jersey remain the garden state… Continue reading
Posted in auto news, economy, fools 'n frauds, people, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, budget deficit., department of transportation, dot arc tunnel, dot grants, Ken Zino, lahood, mass transit, nj politics, railroad holdup, taxpayer subsidies, theft of taxpayer funds, zino
Leave a comment
House and Senate Finally Agree Not to Close FAA but Fail to Address Taxes for Aviation and Bankrupt Highway Trust Fund
Last night the U.S. Senate went along with the House of Representatives and agreed not to shut down the FAA because its authority to impose excise taxes on airline tickets had expired. It was the 22nd extension of existing taxes … Continue reading
Posted in auto news
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, budget deficit., excise taxes, faa, highway trust fund, Ken Zino, taxes, u.s. congress, zino
Leave a comment
Small Business Firms Decline Again in the United States
These are businesses without paid employees but nonetheless are firms paying income taxes needed to balance the budget. Real estate agents, beauticians and construction contractors are examples of non-employer businesses. Overall, U.S. non-employer businesses generated approximately $837.8 billion in receipts during 2009. Continue reading
Posted in auto news, economy, news analysis
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, budget deficit., census bureau, economy, Ken Zino, recession, small business, zino
Leave a comment
Tax Cuts, Deregulation Led to Jobs Crisis AFL-CIO Forum Claims. More of Same Means Fewer Consumers
Since two-thirds of the economy of the United States is based on consumer spending, no wonder corporations are reluctant to hire. There is just too much uncertainty in the economy, too much uncertainty in Washington. We could be heading for another recession while politicians dicker. Continue reading
U.S. Unemployment Rises Again in June to an Official 9.2%
This means that more than 14 million Americans are unemployed, with at least another 10 million underemployed. The average length unemployment is now the highest on record. The Administration and its cabinet appointees as well as Republicans were quick to attempt damage control. Continue reading
EPA Finalizes E15 Gasohol Pump Labels as Automakers Again Protest Adding More Ethanol to Gasoline. Lawsuits Pending
The ethanol tariff is comprised of a 54 cent Most Favored Nation duty and a 2.5% ad valorem tax. Critics say the ethanol tariff makes our nation more dependent on foreign oil by increasing the price of imported ethanol. Iowa State University estimates that a one-year extension of the ethanol subsidy and tariff would lead to only 427 additional direct domestic jobs at a cost of almost $6 billion, or roughly $14 million of taxpayer money per job.
Continue reading
Posted in alternative fuels, auto news, economy, energy, environment, news analysis, transportation
Tagged alternative fuels, auto informed, auto news, autoinformed, autoinformed.com, automotive news, budget deficit., e15, ethanol, ethanol subsidy and tariff repeal act, gasohol, Ken Zino, pump labeling, taxpayer subsidies, zino
Leave a comment
Taxpayer Subsidized Ethanol Caught in Partisan Budget Battle
The politics of ethanol, virtually all of it corn derived and therefore benefiting big money farm lobby interests, are as tangled as it gets. Taxpayers would be better off if legislators were required to wear NASCAR-style uniforms with the patches of the organizations that are their major, err, sponsors, to put it politely in pay to play Washington where campaign contributions from special interests determine policy not national interests. Continue reading
Posted in auto news, economy, environment
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, budget, budget deficit., e15, egypt, epa, ethanol, gasohol, Ken Zino, libya, mid-east, zino
Leave a comment
CAR Says Electric Vehicles Will Follow the Incentives at the Federal, State and Local Levels. Budget Battles Loom?
Executive summary – taxpayer money on the hood moves the sheet metal, but auto company press release predictions are dubious. Continue reading
Posted in auto news, economy, environment, new vehicle, news analysis
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, budget deficit., car, center for automotive research, electric vehicles, ev, ev incentives, EVs, global warming, GM, Ken Zino, taxpayer subsidies, zino
Leave a comment
DOT Releases Long Delayed Toyota Unintended Acceleration Report, Exonerates Self, Claiming It Was Right All Along
The self conducted NHTSA study if it found problems, of course, would make DOT – with a staggering $79 billion budget vulnerable to Congressional dictated reforms, as well as budget and staff cuts as the deficit debate heats up on Capital Hill. Continue reading
Posted in auto news, litigation, news analysis, recalls, safety
Tagged auto informed, auto news, auto safety, autoinformed, autoinformed.com, automotive news, budget deficit., dot, Ken Zino, nas, nasa, nhtsa, ray lahood, toyota, unintended acceleration, zino
1 Comment
May US Budget Deficit, Gulp, $424 Billion
The federal budget deficit in May was $424 billion, about double the amount in the same month last year, the Congressional Budget Office estimates. That increase stems from the economic disruption caused by the 2020 corona virus pandemic and from … Continue reading →