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Wastebook 2012 – Proof!

Senator Tom Coburn (R-OK) released his Wastebook 2012 which outlines wasteful federal policies. The cost to taxpayers? How about in excess of $19 billion dollars a year! This 200 page document is excellent!

Here’s just a few highlights:

  • Professional sports organizations like the NFL, NHL and PGA are non-profit. Also known as a sports loophole, this prevents them from paying $91 million in taxes. Remember who built the stadiums?
  • Supplemental Nutrition Assistance Program, also known as “Food Stamps”. $4.5 billion dollars worth of these SNAP coupons made their way for alcohol, junk food and condoms.
  • Free cell phones and service. From 2011 to 2012, enrollment grew 43 percent to 16.5 million participants. It’s easy. Cost $1.6 billion.
  • Moroccan Pottery Classes – kind of helps out our international policy – $27 million
Click on the Wastebook link above and sample these for yourself. As April 15th approaches, take a moment to think of where your hard-earned dollars are ending up.
Best regards,
Mark Schuster, Partner

March 26, 2013

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