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Alabama Power reduces bills because of federal tax cut
Topic Started: May 1 2018, 05:41 PM (83 Views)
dcbl
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Good guys wear white hats
LINK

Alabama Power Company customers will see a reduction in their bills because of the federal income tax cut approved by Congress last year, the Public Service Commission announced at its monthly meeting today.

The reduction in 2018 will be for $257 million, about a 9 percent cut, the PSC said.

The cut requires no action by the PSC, which regulates Alabama Power.

The reduction takes effect in July and continues through December.

The Tax Cuts and Jobs Act, signed into law in December, reduced the federal corporate income tax rate from 35 percent to 21 percent effective Jan. 1, 2018.

The three commissioners, all Republicans, said it was good to see consumers benefit from the tax cuts promoted and signed into law by President Trump.

"This is a great day for Alabama consumers and taxpayers," Commission President Twinkle Andress Cavanaugh said.
Republicans sign checks on the front, democrats sign them on the back…True story!
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Eddo26
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Quote:
 
The 5 most dependent states:
4. Alabama

In Alabama, residents see $2.46 in return for every dollar paid in federal income tax, which ranks third highest in the US. 36.64% of Alabama's state revenue is comprised of federal funds, which is 11th highest in the country. Alabama has 10.36 federal employees for every 1000 residents, which ranks 20th highest in the country. The yellowhammer state also has 3.19 non-defense federal employees per 1000 residents, which ranks 20th lowest in America.

http://www.businessinsider.com/the-states-the-most-and-least-dependent-on-the-federal-government-2015-7
We believe only what we want to believe.
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Drudge X
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Where's my cash back for supporting leftist social programs and illegal immigrants?
Kate Steinle was separated from her family permanently but leftists didn't seem to mind.
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BuckFan

Alabama Power did not reduce their bill. Government regulators, those people the Right wants to do away with, did when they recognized that Alabama Power was going to get a big tax break. Instead of allowing them to buy back shares or increase their dividend, which is what most companies have done, they required Alabama Power to give back the tax cut to their customers.
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