Canadian taxpayers may stand to lose $2.4 billion because of a pandemic loan relief program, federal records show. The expected loss stems from the $42.9 billion Canada Emergency Business Account (CEBA) program, which offered loans to business owners affected by lockdown orders during the COVID-19 pandemic. The amount was disclosed after a request by Conservative…
Canadian Taxpayers May Lose Billions Due to a Pandemic Loan Relief Program
Write-Off From Pandemic Loan Relief Program May Cost Canadian Taxpayers Billions
Canadian taxpayers may be on the hook for $2.4 billion due to a projected write-off of debts from a pandemic loan relief program, federal records show. The expected loss stems from the $42.9 billion Canada Emergency Business Account (CEBA) program, which offered loans to business owners affected by lockdown orders during the COVID-19 pandemic. The…
Report: Transit Agencies May Turn to Taxpayers for More Money When COVID-19 Funds Dry Up
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,…
American Taxpayers Paying Over $20 Billion More for Biden’s Immigration Policies: FAIR Analysis
RJ Hauman, director of Government Relations and Communications at the Federation for American Immigration Reform (FAIR), said the illegal immigrants that have crossed over the southern border since President Joe Biden and Vice President Kamala Harris took office are costing U.S. taxpayers an additional $20.4 billion each year. “The American taxpayer is really bearing the…
‘Magic Money’ Is Your Money
September 16, 2022
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If you read no further than this first paragraph, in which I ask the rhetorical question, “Who pays?”—that is to say, who pays for the various Biden administration programs, whether it be student debt forgiveness, the Green New Deal, inflation, aid to Ukraine, or pandemic relief payments?—the answer is always the same: you do. If…
Illegal Immigrants Cost US Taxpayers an Extra $20.4 Billion Annually: Report
September 14, 2022
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economyExecutive BranchFeatured Topicsillegal immigrantsImmigration & Border SecurityJoe BidenPolicies & ImpactsPoliticstaxpayersUSUS News
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U.S. taxpayers are forking out an additional over $20 billion each year to meet the needs of illegal aliens who entered the country under the Biden administration, according to a new cost analysis by the Federation for American Immigration Reform (FAIR). The immigration group said it “conservatively estimates” that American taxpayers will end up paying…
Judge Certifies Lawsuit Alleging CRA Allowed Hackers to Breach Thousands of Online Taxpayer Accounts
A federal judge has certified a class action lawsuit alleging that the Canada Revenue Agency (CRA) allowed thousands of taxpayer identities to be breached by hackers, who then used the information to illegally collect Canada Emergency Response Benefit (CERB) payments. Based on the accusations of the case’s plaintiff, BC resident Todd Sweet, federal judge Richard Southcott…
IRS Warns American Taxpayers to Remain Vigilant to Ongoing COVID-19 Fraud
The Internal Revenue Service (IRS) warned American taxpayers on Monday that scammers are still using the COVID-19 pandemic stimulus funds to steal people’s money and identity, and called on taxpayers to stay vigilant to such criminal activities. In a bulletin, the IRS said that criminals are using stimulus payments, or economic impact payments (EIPs), as well as unemployment information and…
Dissolving Disney’s Special District ‘Catastrophic’ for Local Taxpayers
April 25, 2022
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The Reedy Creek Improvement District’s (RCID) Board of Supervisors meets on April 27 for its regularly scheduled monthly meeting at the district’s offices on Hotel Plaza Boulevard in Lake Buena Vista. On the agenda is an appointment, an amended work order, and a proposed solar power purchase agreement—typical stuff for a special district accorded most…
Treasury Department Officials Warn American Taxpayers Could Face ‘Frustrating’ Tax-Filing Season Due to Pandemic Backlogs, Budget Cuts
American taxpayers could be in for a “frustrating season” when it comes to filing their taxes this year due to delays caused by the COVID-19 pandemic and budget cuts to the IRS, Treasury Department officials warned on Monday. The IRS will start accepting and processing 2021 returns on Jan. 24 and the filing deadline for most taxpayers…
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