skip to main content
skip to newscasts

Saturday, May 18, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

4 dead as severe storms hit Houston, TX; Election Protection Program eases access to voting information; surge in solar installations eases energy costs for Missourians; IN makes a splash for Safe Boating Week.

view newscast page
play newscast audioPlay

The Supreme Court rules funding for the Consumer Financial Protection Bureau is okay, election deniers hold key voting oversight positions in swing states, and North Carolina lawmakers vote to ban people from wearing masks in public.

view newscast page
play newscast audioPlay

Americans are buying up rubber ducks ahead of Memorial Day, Nebraskans who want residential solar have a new lifeline, seven community colleges are working to provide students with a better experience, and Mississippi's "Big Muddy" gets restoration help.

2023 tax receipt breaks down nation’s spending priorities

play audio
Play

Monday, April 29, 2024   

As many Wyomingites await their 2023 federal income tax refunds, a new National Priorities Project report breaks down how the money they won't get back is being spent.

Co-author Lindsay Koshgarian, program director for the National Priorities Project, said this year's Tax Receipt shows that - while many school districts in Wyoming and across the U.S. are facing major budget cuts - the average taxpayer is contributing thousands of dollars to military contractors, including Boeing, Lockheed Martin, and Raytheon.

"So whereas the average Wyoming taxpayer was giving almost $2,300 to corporate pentagon contractors," said Koshgarian, "they were giving only $455 for public education in our K-12 schools."

The average American household paid over $5,000 for militarism and support systems, but invested just $110 in the Child Tax Credit - which cut child poverty in half during pandemic era changes.

The Pentagon has failed to account for money spent in audits for the past six years. But its defenders argue tax dollars create jobs and maintain global security in the face of competitors, including China.

Koshgarian said corporate contractors can create jobs, especially in key Congressional districts.

She pointed to Brown University research showing that $1 billion in military spending adds roughly 11,000 jobs.

By comparison, $1 billion would add nearly 27,000 education, and 17,000 healthcare jobs.

"But if we put that same money into other things like education or infrastructure or healthcare," said Koshgarian, "we could actually create more good jobs with the same amount of money."

The U.S. Department of Defense has known about the existential threat of climate change for decades, and wildfires now cost upward of $394 billion in damages each year.

But the average taxpayer invested just $14 in wildfire management.

Koshgarian said she believes concerns about protecting international security, which largely serve corporate interests, are overblown.

"The U.S. is already the top military spender in the world by far," said Koshgarian. "We spend more than the next 10 militaries combined. We have the most capable military by far in the world, and no one disputes that."




get more stories like this via email

more stories
About 7.4 million adults take insulin, a hormone regulating glucose and used to treat diabetes patients. (Adobe Stock)

Health and Wellness

play sound

More than 1 million people in North Carolina are diabetic and they have become increasingly worried about the national shortage of insulin. The …


Environment

play sound

Missouri homes and businesses have installed enough solar energy to power 68,000 homes each year. A new report released by the Solar Energy …

Social Issues

play sound

Workforce watchers project the country could face critical worker shortages in many of the skilled trades in coming years. The Nebraska Winnebago …


If power grid operators cannot change the interconnection process in time, data show around 80% of the emissions reductions expected from the Inflation Reduction Act might not happen. (Adobe Stock)

Environment

play sound

A new rule from the Federal Energy Regulatory Commission could improve Virginia's electric grid transmission capacity. It requires utilities and …

Social Issues

play sound

Surrounded by states banning nearly all abortions, its legalization in New Mexico has made the state a top place to travel for the procedure and a …

As we near summer, tens of millions of Americans will take to our nation's waters to spend time with family and friends. (Adobe Stock)

Social Issues

play sound

Hoosiers are launching their boats to enjoy another season on the water. However, before jumping aboard, now is an ideal time to review safety plans …

Social Issues

play sound

This week, Ohio approved adult-use marijuana sales as part of a 2023 ballot measure, with sales anticipated to start mid-June. Ohioans age 21 and …

Social Issues

play sound

The Nevada state primary is coming up June 11 and one voting-rights group wants to make sure all Nevadans have the information they need to make their…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021