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Gov. Bob McDonnell Signs Largest Tax Hike in Virginia History into Law: http://t.co/iENksi7uQi
May 14, 2013 02:01 PM
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IRS tax return preparation invites a conflict of interest: http://t.co/oKvpIofu7Y
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These destructive #Obamacare tax hikes will soon be implemented: http://t.co/opFkyf1guJ
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"Saying the Marketplace Fairness Act is fair is like saying the Affordable Care Act makes health care affordable" -@MarshaBlackburn
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#Obamacare's 10% tanning tax hits salon owners and customers, most of which are women: http://t.co/dJuaGAT9LE
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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Highway Trust Fund Wastes Taxpayer Dollars, Coburn/McCain Study Finds
The following is cross-posted at www.fiscalaccountability.org:
Yesterday, CFA and ATR sent a letter urging members of Congress to oppose H.R. 3357, a $7 billion bailout of the Highway Trust Fund.
Today, Senators Coburn and McCain voiced opposition to the bill, issuing a report that details the gross overspending and mismanagement of transportation funds that have consistently placed the Highway Trust Fund in the red. The report cites finding from a study by the GAO, which details the extent to which tax dollars are used for pet projects – over the past 5 years, it found that $78 billion has been allocated from the Highway Trust Fund for extraneous projects.
The report outlines, in a fashion similar to Senator Coburn’s report listing 100 wasteful “stimulus” projects, the array of pork disguised as transportation spending for which taxpayers have been footing the bill. The senators argue that the rampant earmarking of transportation spending has been done at the cost of Americans’ safety as bridges and roads, the supposed recipient of trust fund monies, lay in disrepair while money is instead funneled to “scenic beautification” projects.
This news comes a day after the House passed H.R. 3357 and as the bill progressed to the Senate, we were glad to see a battle brewing over the wasteful spending in the trust fund. We urged the Senate to reject the bill and instead address the reckless spending that that fuels the repeated “bailout” mentality. Senators Coburn and McCain make a similar argument, recommending that unobligated “stimulus” funds be used to make the trust fund solvent and call for a moratorium on all transportation spending earmarks in the 111th Congress.
Posted by Mattie Duppler 
on Thursday, July 30, 2009 3:48 PM EDT
on Thursday, July 30, 2009 3:48 PM EDTTo follow Mattie Duppler's RSS feed click here. To follow them on Twitter, their handle is @MDuppler
