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Posts Tagged ‘pro-business’

MLPs: Leveling the Energy Finance Playing Field

June 8th, 2012

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By Jeremy Twitchell and Josh Freed

In a week rife with political bickering over government’s role in energy R&D, a bipartisan duo of senators proposed a tiny piece of legislation that could once and for all place fossil fuels and clean energy on the same playing field.

The Master Limited Partnerships Parity Act would allow clean energy projects to form under the same low-tax business structure that has enabled the oil and gas industry to raise $350 billion in private capital. As we noted in a Third Way report released in 2011, master limited partnerships, or MLP’s, are attractive to investors because they face the low tax rate of a partnership, but have the capitalization potential and liquidity of a publicly traded corporation.

With a 200-word tweak to the tax code, Sens. Chris Coons (D-Del.) and Jerry Moran (R-Kan.) propose to unleash a torrent of private investment on the clean energy market. If Congress has been running its energy policy like a beauty pageant, as the accusation goes, then this proposal puts every contestant behind a curtain and makes private investors – not Congress – the judges. Read the rest of this entry »

Poland has chosen modernity

July 8th, 2010

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That was the message of Sunday’s Polish presidential election. And the view of the politicians, journalists and academics I interviewed when I visited Poland as a guest of the Polish Press Agency.

Most notably, it was the view of Lech Walesa, the founder of Solidarity and former Polish president.

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Key to U.S. growth is building wealth, not entitlements

May 6th, 2010

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This piece was originally published in Politico.

For much of the 20th century, progressives put their political capital into building a safety net to protect Americans against market excesses. They aimed for economic security from cradle to retirement.

Today, many on the left say that health care reform is just one more step in this effort.

But it would be a mistake for Democrats to make expanding the entitlement state the defining goal in the 21st century as well.

Rather, they should focus on a new signature cause: policies that build national and individual wealth.

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