All articles tagged with #taxpayer money
Originally Published 24 days ago — by CBS News
Federal prosecutors in Minnesota have indicted six individuals, including two from Philadelphia, for allegedly siphoning over $3.5 million from state-funded social programs through fake claims, highlighting a broader issue of fraud and 'fraud tourism' in the state, with investigations ongoing into billions of dollars spent on social services.
Originally Published 5 months ago — by Rolling Stone
Donald Trump opened a new private golf course in Scotland during a trip that cost U.S. taxpayers around $10 million, with most expenses covered by public funds, raising concerns about misuse of government resources for private business interests.
Originally Published 1 year ago — by Deadspin
Billionaire octogenarian Jerry Reinsdorf, owner of the Chicago White Sox and Chicago Bulls, is seeking $1 billion in taxpayer money from the State of Illinois for a new White Sox stadium and surrounding development. Despite his substantial wealth, Reinsdorf's request has sparked controversy as the state is still paying off the last stadium he built. Critics argue that the city faces pressing issues such as overcrowded schools and homelessness, making the allocation of public funds for a sports stadium questionable. Additionally, the White Sox's recent underperformance on the field has raised questions about the necessity of a new stadium.
Originally Published 2 years ago — by POLITICO
Some Florida Republicans are proposing a bill that could allocate up to $5 million in taxpayer money to help cover former President Donald Trump's legal expenses, citing concerns about political discrimination and the importance of supporting a Florida presidential candidate. The bill has drawn criticism from Democrats and uncertainty about its prospects, with Governor Ron DeSantis suggesting a potential veto and legal questions arising due to its tailored nature. Trump is currently facing multiple criminal cases, and the proposed bill has sparked debate over the allocation of taxpayer funds and political loyalties.
Originally Published 2 years ago — by The Associated Press
The Biden administration has announced a plan to potentially cancel the patent protection of high-priced drugs developed with taxpayer money, allowing competitors to produce their own versions in an effort to lower costs. The government would consider overriding patents for drugs that are only available to a limited group of consumers. Pharmaceutical companies, who have relied on government research for drug development, are expected to challenge the plan in court. The administration is also targeting private equity firms that acquire and sell hospitals and health systems for profit.
Originally Published 2 years ago — by ESPN
Wisconsin Governor Tony Evers has signed a bill that allocates $500 million in taxpayer money over the next three decades to help the Milwaukee Brewers upgrade their baseball stadium. The bipartisan package aims to address the extensive renovation needs of the 22-year-old stadium, including replacing glass outfield doors, seats, and concourses, upgrading luxury suites and the video scoreboard, and improving the retractable roof, fire suppression systems, parking lots, elevators, and escalators. The Brewers will contribute $110 million and extend their lease until 2050, while the city of Milwaukee and Milwaukee County will contribute a combined $135 million. The legislation also imposes surcharges on non-baseball events at the stadium to generate additional revenue.
Originally Published 2 years ago — by NBC Insider
NBC Nightly News with Lester Holt reports that billions of taxpayer dollars have been spent on Navy ships that may never be used, highlighting concerns over government waste.
Originally Published 2 years ago — by NBC Sports
MLB Commissioner Rob Manfred tries to backtrack on his recent comments about the Oakland A's relocation to Las Vegas, claiming they were taken out of context. However, he still believes that support for a team includes paying for its stadium and that Oakland didn't try to keep the A's in town. The article argues that owners and commissioners believe they're entitled to have someone else pay for their stadiums, and that the best outcome would be the creation of a national consensus that there will be no taxpayer money for sports arenas.
Originally Published 2 years ago — by CBS News
West Virginia's vaccine lottery, which offered more than $20 million in prizes to encourage vaccinations, is under scrutiny over the cost of prizes and tax issues. Federal investigators have subpoenaed Gov. Jim Justice's office about the sweepstakes, focusing on car dealers that supplied trucks given to lottery winners and questions about how much they cost taxpayers. The lottery has also triggered a political battle, with critics saying it was hastily executed and rushed taxpayer money out the door to private businesses. A study released in 2021 showed state-led vaccine lotteries did nothing to sway unvaccinated individuals to get inoculated against COVID.
Originally Published 2 years ago — by NBC Sports
The Jacksonville Jaguars would pay for 33% of the cost of a potential $1.4 billion stadium renovation, with the city covering the remaining 67%, according to a report. The team's lease extension would be a given if the stadium is renovated, but if they can't secure nearly $1 billion in taxpayer money, Plan B is London.
Originally Published 2 years ago — by Fox News
President Biden has presided over three of the four largest bank failures in US history, with experts warning that the Federal Reserve's interest rate regime could lead to additional problems across the sector. The failures of First Republic Bank, Silicon Valley Bank, and Signature Bank have cost taxpayers an estimated $36 billion. Experts largely blame the bank failures on interest rate hikes pursued by the Federal Reserve over the last year, which have forced banks to take increasingly leveraged positions. The Federal Reserve and White House have stated that the banking system is safe, but critics warn of the increasing willingness to use taxpayer money to bail out failing institutions.
Originally Published 2 years ago — by NBC News
Florida Governor Ron DeSantis' global trade mission to Japan, South Korea, Israel, and the United Kingdom is being funded by Enterprise Florida, a public-private state agency that some Republicans have been trying to eliminate. The agency has been controversial for years, with critics arguing that it unfairly picks winners and losers and gives tax breaks to big businesses that don't need them. While DeSantis' spokesperson claims that the trip is not paid for by taxpayers, documents from a previous trip show that Florida taxpayers paid about $131,000. The funding source for this trip has not been disclosed.
Originally Published 2 years ago — by New York Post
Erie County officials, New York State, and the Buffalo Bills have reached a $1.54 billion deal to build a new stadium for the NFL team, with $850 million in public money. The billionaire owners of the team will cover the remaining cost. County lawmakers have 30 days to approve or reject the proposal. Critics argue that taxpayer money could be better spent on public services, but officials claim the project will generate vital economic activity in Western New York and keep a cherished source of local pride from moving elsewhere. The deal includes sweeteners for various parties, such as a suite for Erie County and a requirement for the Bills to invest in the surrounding community.