Life of tax: What Americans will pay in taxes over a lifetime

May 18, 2021 | Self

Includes “The US government collects over $5.3 trillion in taxes each year, but how much will the average American pay in taxes throughout their lifetime? … It’s a lot. We’ve analyzed this data specific to each state so you can see what you may be giving to your local government in taxes across your entire life..” 

Sanders vows tougher oversight of defense contractors as Budget Committee chairman

May 18, 2021 | The Hill

By Tal Axelrod, includes “At a budget hearing titled ‘Waste, Fraud, Cost Overruns, and Auditing at the Pentagon,’ the vocal progressive noted that the Department of Defense’s (DOD) budget of about $740 billion is the largest in the government and suggested those funds could hinder progress on an array of other issues. ”

Welfare for the rich

May 17, 2021 | YouTube

Video by John Stossel, text intro includes “Welfare for the rich didn't start with coronavirus relief bills. Politicians have done it for years, and a pandemic didn't stop them. … … The video above shows we also, outrageously, pay wealthy communities, rich farmers, energy executives, and big corporations.”

Budget day is coming! How will the Pentagon waste money this year?

May 17, 2021 | Task & Purpose

By Jeff Schogol, includes “May 27 is Budget Day, when the Pentagon will unveil its plan to spend billions of dollars on weapons systems that have failed to defeat any adversary over the past 20 years and will likely prove just as useless in a war against China.”

Republicans and Democrats endorse concept, but gloss over details, of funding infrastructure with user fees

May 17, 2021 | Reason

By Christian Britschgi, includes “Republicans and Democrats are eager to pass some sort of infrastructure bill. They also might be converging on a means of paying for it. … President Joe Biden, in keeping with his pledge to not raise taxes on anyone making under $400,000 a year, has rejected the idea of paying for his $2.3 trillion American Jobs Plan with user fees, including a federal gas tax hike. … Progressive Democrats also don't like the idea, which they say falls too heavily on the poor and middle class.”

What’s in Biden’s $400 billion plan to support families’ long-term health needs

May 17, 2021 | WBEZ 91.5 FM (Chicago NPR station)

By Judith Graham, includes “There's widespread agreement that it's important to help older adults and people with disabilities remain independent as long as possible.”

US Treasury rule on stimulus funds adds fuel to state tax cut dispute

May 14, 2021 | Reuters

By Karen Pierog, includes “U.S. Treasury guidelines for spending billions of dollars in federal stimulus funds could further antagonize states seeking to cut taxes this year, according to analysts.”

They’re alive! Congress increases outlays for expired, zombie spending programs

May 14, 2021 | National Taxpayers Union Foundation

By Demian Brady, includes “Not only is Congress still funding so-called “zombie” programs that feast on taxpayer dollars, but the problem is worsening. ”

Expired and expiring authorizations of appropriations: Fiscal year 2021

May 14, 2021 | Congressional Budget Office

Includes “For this report, which is required by law, CBO identified 1,068 authorizations of appropriations that expired before the beginning of fiscal year 2021 and 119 authorizations that were set to expire before the end of the year. CBO also identified $432 billion in appropriations for 2021 that could be associated with 402 expired authorizations of appropriations.” 

Go ahead, Biden. Borrow away for your plans

May 13, 2021 | Bloomberg

By Nir Kaissar and Timothy O’Brien, includes “President Joe Biden hopes to spend $4.1 trillion on infrastructure, education and various social programs, efforts we think are worthwhile.”

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