The U.S. government estimated unemployment fraud during the pandemic cost taxpayers up to $135 billion or about 11% to 15% of the total amount of unemployment insurance benefits paid during the pandemic.
That’s according to the latest report from the U.S. Government Accountability Office, which the U.S. Department of Labor disputes.
A few weeks ago, I argued the Biden Administration would use the new SAVE plan to enact student loan forgiveness with or without the approval of the Supreme Court. Since then, the administration has announced details which highlight the SAVE plan offers even more generous forgiveness terms.
This talk about student loans has brought about a question for Ask an Economist this week. Garrett from Ohio says,“One of the most prominent arguments against student loan forgiveness is that the borrowers are forcing the greater population to pay off their debts for them.
An expansion of federal student aid for the 2023-2024 academic year will cost taxpayers $130 million per year in grants to prisoners for higher education, according to The Associated Press.
The Biden administration’s expansion of the taxpayer-funded federal Pell Grant program, a program for low-income college students, will give 30,000 prisoners a total of $130 million in student financial aid for the upcoming academic year, according to the AP. The expansion is part of the Second Chance Pell Experiment from the Biden administration that is testing the benefits of providing Pell Grants to prisoners in order to reduce recidivism, according to a Department of Education (DOE) press release.
Ahead of Tax Day on April 18, 73% of taxpayers said the government doesn’t use their taxes wisely, a new survey found. A separate report found that red states have the better taxpayer return on investment.
Wallethub’s “Taxpayer Survey” found that 28% of respondents said charities would better spend their money; 26% said local governments would best spend their money, followed by state government (22%), the federal government (16%) and religious groups (13%).
Transit agencies could turn to taxpayers for more money when federal COVID-19 money runs out.
With federal money dwindling, some mass transit agencies are preparing to seek more tax dollars at a time when fewer people are riding, according to a report from a credit rating agency.
Some workers never plan to return to the office, creating uncertainties for mass transit agencies and the taxpayers who fund them, especially those more dependent on riders for fare revenue. A new report from S&P Global Ratings said transit systems could seek additional tax dollars when federal COVID-19 money runs dry in 2025.
The IRS briefly made public the personal financial information of roughly 120,000 taxpayers, the agency announced on Friday.
Taxpayers’ Form 990-Ts were temporarily available to public viewing on the IRS website, but the agency has since removed them, according to the Wall Street Journal. Individuals file the form to disclose certain types of income within their retirement accounts.
President Joe Biden announced Wednesday his administration would “forgive” $10,000 in federal student loan debt for those making less than $125,000 per year. The Committee for a Responsible Federal Budget said the plan could cost taxpayers more than $200 billion.
The total income cap is expected to be higher for married couples, likely around double the $125,000 mark, though that has not been confirmed.
Most Americans have been conditioned to accept some level of incompetence and inefficiency from government – but not to the extent that federal employees paid by our tax dollars simply admit that they are fundamentally incapable of doing their jobs. Yet shockingly, this is what we are now witnessing with the Department of Education’s failed and convoluted attempt to process claims for student loan cancellation.
Rather than impose higher taxes and more restrictions on domestic production of oil and natural gas, as Senate Democrats voted to do by passing the Inflation Reduction Act, those in the industry proposed 10 actions policy makers can take right now to reduce costs. The industry says its solutions won’t cost taxpayers $740 billion, as the Inflation Reduction Act does, or increase the national debt or inflation, as 230 economists have warned the act will do.
President Joe Biden’s continuous sales of crude oil from the U.S. Strategic Petroleum Reserve (SPR) could have severe consequences for taxpayers, experts told the Daily Caller News Foundation.
The Biden administration announced plans last Tuesday for another wave of oil sales from the SPR, as well as a proposal to help restock the reserve, according to a White House press release. The Biden administration aims to strategically sell oil from the reserve to boost supplies and fight soaring gas prices, but the rapid draining of U.S. stockpiles could cause taxpayers to foot the bill when the department inevitably refills its reserves.
The Internal Revenue Service has been under fire for delays and millions of backlogged returns, but now lawmakers are raising the alarm after the federal agency “destroyed” millions of Americans’ tax documents.
Republicans on the House Oversight Committee sent a letter to IRS Commissioner Charles Rettig this week asking for answers about why these records were destroyed.
A great plague of our contemporary political landscape is that one bad policy begets even more bad policies. Such is the case with many of America’s existing immigration laws.
Federal law, for example, calls for specific enforcement protocols. But our elected representatives have decided that some of those protocols simply should be ignored. This mindset led to ideas like catching and then releasing illegal aliens into our communities, preventing local law enforcement from working with federal law enforcement, and “sanctuary” cities where those who have broken our laws can hide from accountability.
From this witches’ brew of bad ideas has come the latest product rollout, one suited for our time: stimulus checks for illegal aliens. Using the economic damage caused by COVID-19 as a pretext, anti-borders activists and their allied politicians have found a way to sustain those here illegally while creating further incentives for even more foreign nationals to move here.
A Pennsylvania state senator is raising the alarm over millions of dollars the commonwealth owes to local municipalities for unpaid stormwater management fees.
The state Senate Environmental Resources and Energy Committee held a hearing to discuss the commonwealth’s refusal to pay required fees to more than 2,500 municipalities to manage stormwater run-off.
Local officials told lawmakers last week state and federal laws require municipalities to manage the runoff, but only the U.S. government covers its portion of the cost.
Public education has been under the microscope lately, especially since many states shut down in-person learning last year during the COVID-19 pandemic. With children learning from home via technology, many parents had the chance to hear what their children’s teachers were saying—and they didn’t always like it. In fact, many were downright disturbed by what public schools were teaching their children.
Parents should not be forced to sit by and watch as their children get indoctrinated with progressive ideas they don’t agree with. Assuming it is legitimate for the government—that is, the taxpayers—to fund education, the government should distribute those funds directly to parents in the form of vouchers and allow them to choose where to educate their children. Not only would this allow for more choice in schools, but it would also reduce much of the conflict we are seeing today between parents and school boards across the country.
A common response to voucher proposals is that they would allow parents to use taxpayer dollars to send their children to private religious schools, thus violating separation of church and state. In other words, atheists and progressives argue that they should not have to financially support schools that teach students religious worldviews.
U.S. states may have to provide funding for Apple’s plan to store government-issued identification credentials in its devices.
The company first announced partnerships with several states in September to develop a digital driver’s license and state identification card that could be stored on a person’s iPhone. However, the technical maintenance of the program, the customer support and marketing, may be paid for by taxpayer dollars and reviewed by Apple, according to documents seen by CNBC.