The Oregon House Select Committee on Education, chaired by Representative Linda Flores, is meeting to consider possible education reform legislation for the next legislative session which begins in January. On September 27, 2006 the committee heard from the Washington Scholarship Fund, which administers both a privately funded and a publicly funded voucher program in Washington, D.C., followed by testimony and discussion with Steve Buckstein and Matt Wingard of Cascade Policy Institute on the concept of school choice. (more…)
Federal tax credits for hybrid-electric vehicles manufactured by Toyota will be cut in half this weekend, because Toyota has reached the ceiling of 60,000 subsidized vehicles that Congress established in 2005. The tax credit for the popular Prius will drop from $3,150 to $1,575, and in April 2007 the credit will be halved again to $787. After October of next year, no federal tax credits will be available for the Prius, though they will likely still be available for other brands such as Ford or Chevrolet.
This is a welcome phase-out of wasteful subsidy. (more…)