The U.S. The Watchdog Report Podcast Goes on Location to Discuss the U.S. The postal group estimates that the rate increase bring in about $891 million each year for its “market-dominant” products, which include letters and marketing mail, and an additional $870 million for its competitive services, including its package business. These five charts depict the immensity of USPS’s financial challenges. The first bill is based on Executive Order 2020-07, which increased access to telemedicine. Alternatively, if the Post Office were a private company it would have been bankrupt decades ago and a more efficient service would have taken its place. Postal Service: Key Considerations for Potential Changes to USPS's Monopolies. Foreign countries pay less for medicines because they utilize price controls. Small businesses with thin margins would be forced to raise prices which will inevitably drive consumers elsewhere, leading to further losses of revenue and layoffs. While most states, on average, saw tourism spending decline 45% in 2020, South Dakota only declined by 18%. In 2019, Postmaster General Megan J. Brennan testified before the House Committee on Oversight and Reform on the financial condition of USPS. Unfortunately, losses are the rule rather than the exception for the agency. Posted by Clara Diaz on Monday, January 25th, 2021, 2:25 PM The results marked the 13th consecutive year the mailing agency lost … If USPS does not make any more payments for retiree health benefits, the fund supporting these benefits is projected by the Office of Personnel Management to be depleted in fiscal year 2030. 202.785.0261 (F) Published: May 7, 2020. This bill offers low income scholarships to underserved communities. 1. We will not share your email address with any outside group. PERMALINK. H.R. Postal Service's (USPS) deteriorating financial condition is unsustainable as a result of trends including:Declining mail volume : First-Class Mail—USPS's most profitable product—continues to decline in volume as communications and payments migrate to electronic alternatives. Specifically, under POStPlan, USPS planned to reduce hours at about 13,000 post offices (from 8- to 2-, 4-, or 6-hours of retail service a day) and to staff them with employees less costly than postmasters.... From fiscal years 2006 through 2013, the U.S. The loss of the surcharge is expected to cut an additional $500 million from revenue in the current quarter and reduce USPS’s annual revenue by nearly $2 billion. This has resulted in South Dakota having one of the strongest economies coming out of the pandemic. Published: May 12, 2014. This week the Postal Service reported a net loss of $586 million for the third quarter of fiscal 2015. U.S. Imposing a 600 percent minimum wage increase on an already struggling industry in the middle a recession would only lead to more closures. In 2018, nearly 500 churches hosting homeschool groups in all 50 states, specifically those hosting Classical Conversations communities, received letters informing pastors that they were breaking the law. She is doing all of this despite the fact Kansans are struggling with a weak economy and uncertainty due to the pandemic. As troubling as such massive losses are, the more troubling fact is the USPS machine is able to push on despite the overwhelming lack of fiscal accountability. Publicly Released: May 11, 2016. Foreign price controls will cause less medical innovation and result in fewer new treatments and cures. This includes $42.6 billion in missed payments for retiree health benefits since fiscal year 2010, and $5.6 billion in missed payments for pension benefits since fiscal year 2014. Postal Service (USPS) has funded its liabilities varies due to different statutory funding requirements specific to each benefit program and USPS's financial means to make payments. To make matters worse, under this law, a president could also pick the Chairman of the FEC, all but ensuring total presidential control of the Commission. Annual Report to Congress. 4) H.R. Publicly Released: Apr 29, 2016. The MFN demonstration is mandatory and being conducted nationwide as a major policy change that circumvents Congress. According to a report from the Institute for Justice in 2019, Ohio Was losing almost 68,000 and $6 billion in inefficiency due to these burdensome licensing hurdles. Washington DC 20005, 202.785.0266 (P) There is no business inventory tax. It was structured to be self-supporting but First-Class Mail volume continues to drop and it has seen operating losses for 11 straight years. As stated in GAO’s 2019 High-Risk update, USPS faces financial challenges that include the following: USPS Unfunded Liabilities and Debt as a Percentage of USPS Revenue, Fiscal Years 2007 through 2018. The Pandemic Healthcare Access Act suspends this requirement for as long as the coronavirus emergency declaration is in effect, which will allow Americans on Medicare, Medicaid, those that receive care through the VA, Indian health plans, Obamacare, and any employer plan to have an HSA. PERMALINK. Comprehensive legislative reform and additional cost-cutting measures are needed for the U.S. With the incredible rise in partisanship, cancel culture, and doxing, it is more important than ever to protect donor privacy. Here are five reasons to oppose H.R. Because Gov. Posted by Tom Hebert on Tuesday, January 26th, 2021, 3:00 PM others who put things in. This good news is only possible because the U.S. leads the world when it comes to developing innovative, lifesaving and life enhancing medicines. Published: Mar 10, 2020. There is 0% chance @OhioSenateGOP will raise income taxes,” Obhof tweeted last year in response to progressive groups. Here are five reasons why Biden’s decision to kill the Keystone XL pipeline is a terrible move. Not a penny.”, BIDEN: "I’ll do it without raising anyone's taxes, if you make less than $400,000 a year.”, Posted by Ed Tarnowski on Tuesday, January 26th, 2021, 11:13 AM “We greatly expanded telehealth in 2020. Posted by Isabelle Morales on Friday, January 22nd, 2021, 12:00 PM CMMI is not under the normal appropriations process and automatically receives $10 billion every decade in perpetuity. That is the eighth annual loss in a row and the third-highest ever. Postal Service (USPS) revised its delivery standards, which has generally increased delivery time for some First-Class Mail and Periodicals from 1 day to 2 days, notably by reducing mail with a 1-day standard.USPS also revised its delivery standards for 2-day delivery. That’s what lawmakers in Oklahoma did in 2020. Controllable loss for the year was $3.4 billion, an increase of $1.5 billion compared to the prior year. This would eventually lead to significant tax and spending increases and the loss of existing coverage for millions and millions of Americans. Follow @snolen_ok. Ohio in 2019 had over 18 percent of their work force licensed in order to operate. “We don’t have a corporate income tax. Approximately $3.4 billion of this increase in net loss was the non-cash impact of discount rate changes on actuarial calculations affecting workers' compensation expense. Published: May 11, 2016. Publicly Released: Oct 1, 2018. Their counterparts in other state legislatures should follow suit in 2021. The issue is whether the use of the property by the group is an exempt or nonexempt purpose. The USPS’s net loss widened from a year ago, from $1.49 billion a year ago to $2.3 billion this year, for a total loss of $5.9 billion for the year. The authors of the review are clear as crystal: "....minimum wages reduce low-skilled employment. The MFN is being proposed through CMMI, an agency created by Obamacare. Noem issued a number of emergency orders that removed government barriers to quality care. If the fund is depleted, USPS would be required by law to make the payments necessary to cover its share of health benefits premiums for postal retirees. It also invents a new regulation called “PASO,” an overbroad standard that asks whether political speech “promotes,” “attacks,” “supports,” or “opposes” a candidate or official. PERMALINK Postal Service touches virtually every U.S. household and business and is critical to the national economy. Follow @snolen_ok. Article I Section IV of the U.S. Constitution empowers states to determine the “Times, Places and Manner of holding elections…” H.R. By contrast, other developed countries had a fraction of these new cures. Sen. Obhof led on regulatory reform that would prevent the growth of the regulatory state, and eliminate 30% of state regulations currently in place. USPS Posts Annual Loss, Though Revenue Rises Postal service recorded a net loss of $5.1 billion, compared with a loss of $5.5 billion in 2014 The U.S. 1 Would Suppress Free Speech. USPS Price Reduction Sets Stage for another $2 Billion in Annual Losses. And the annual expense associated with this requirement just doesn’t have much to do with the USPS’ financial troubles. While the ballot controversy is new, the financial problems are not. A promise. “As I told you all last month, we’re in a much stronger financial position than other states across the country,” explained Noem. A $15 minimum wage would especially harm low-skilled, younger, less educated workers. Depletion of the fund, together with USPS’s potential inability to make remaining contributions, could affect postal retirees as well as USPS, customers, and other stakeholders, including the federal government. In fact, by keeping the state open, South Dakota’s tourism industry held its own over the course of the pandemic in comparison to other states. Government-mandated lockdowns in response to the pandemic have caused immense damage to the economy. Postal Service (USPS) decreased the size of its workforce and the number of employee work hours through retirements, attrition, and initiatives to streamline its operations. The agency has roughly $160 billion worth of unfunded liabilities and annual net losses approaching $10 billion. Noem, this pro-taxpayer, bro-business record will not be changing anytime soon. PERMALINK Instead of looking for ways to boost Kansas’ economy during the recession by cutting taxes and reducing government spending, Gov. The value of the U.S. The U.S. 1 undoes the FEC’s “internet exemption” which excludes the internet from regulation of political speech, exposing online communication to the same scrutiny as traditional advertisements. This figure suggests that USPS's net income would decline by this amount if its monopolies were eliminated. Senator Obhof stated “This is perhaps the most sweeping regulatory reform in modern Ohio history…Now, we all know that some regulations are necessary for health and safety and the environment, but many of these restrictions create unnecessary hurdles for Ohio’s small businesses. The MFN would do nothing to stop foreign freeloading. SB 255 reduced this number dramatically, allowing fewer barriers to entry in competition across many industries. PERMALINK It will threaten high-paying American manufacturing jobs and do nothing to stop foreign freeloading. In the past 11 years, USPS’s revenue hasn’t covered its costs. Gov. USPS closure looms as service faces $22 billion in losses over 18 months, compounded by decade-long financial instability ... equivalent to 8% of its annual revenue. MCM staff December 11, 2002 . Postal Service's Monopolies, VIDEO: The Watchdog Report Podcast Goes on Location to Discuss the U.S. Despite “challenging marketplace conditions and an inflexible business model,” USPS reported revenues increased nearly $800 million in 2013. The tourism industry accounts for 11% of state sales tax collections and supports 1 out of 12 jobs for South Dakotans. President Joe Biden and Vice President Kamala Harris pledged to every American making less than $400,000 that they would not raise a single penny of their taxes. PODCAST: U.S. While government bureaucrats are notoriously inefficient at their core missions, such as the EPA polluting the Animus River, the one thing they are consistently efficient at is losing taxpayer dollars. Fiscal Year 2020 Annual Report Fiscal Year 2020 Comprehensive Statement on Postal Service Operations Fiscal Year 2020 Performance Report Fiscal Year 2021 Performance Plan. This legislation will also increase access to healthcare and cut taxes for millions of Americans. Postal Service: Action Needed to Address Unfunded Benefit Liabilities. The U.S. To help stem the losses, the USPS implemented a hefty annual rate increase last month. Publicly Released: Nov 13, 2014. Below is the video and written documentation of this promise, in case Biden and Harris try to weasel out of their pledge: BIDEN: “None of you will have your taxes raised. Obhof has also helped protect Ohio taxpayers from aggressive tax increases, and found ways to trim burdens. Postal Service's (USPS) letter delivery and mailbox monopolies was $5.45 billion in fiscal year 2015, according to the most recent estimate prepared by the Postal Regulatory Commission (PRC), the regulator of USPS. Publicly Released: Mar 13, 2014. Posted by Americans for Tax Reform on Friday, January 22nd, 2021, 9:45 AM As demand for some mail products has declined, USPS has been unable to cover its costs as it is required to do—putting it on our High Risk list. On school choice, Senate bill 89 will expand the ability for parents to put their children in the best school possible through voucher programs. Anyone making less than $400,000 will not see a penny in taxes raised. Clarification legislation here would provide property tax assessors more guidance as they do their work and significantly reduce the possibility that a church could lose its property tax exempt status under state law for allowing a homeschool group to use its property. Sadly, there is little motivation for efficiency or accountability when government bureaucrats know they have an $18 billion dollar taxpayer-sewn safety net to catch them. You will actually see your standard of living go up and your costs go down.”, DAVID MUIR, ABC: “So no new taxes, $400,000 and down?”, BIDEN: "No new taxes. Americans for Tax Reform urges President Biden to reverse his executive order canceling the Keystone XL pipeline permit. Noem kept the state open for business, “tourism generated $276 million in state & local tax revenue” and South Dakotans stayed employed. From fiscal year (FY) 2007 through FY 2018, the USPS’s net losses totaled $69 billion. The Keystone XL pipeline would have brought about substantial economic benefits to the American workers and consumers alike and sparked investment in various communities across the country. Despite this massive multi-billion dollar subsidies crutch, the Postal Service continues to prove incapable of financial accountability. Though one of the goals of the MFN is to end foreign freeloading, the proposal would instead surrender to foreign freeloading by basing U.S. prices on the prices of countries with socialist policies. U.S. Further, USPS has missed $48.2 billion in required payments for postal retiree health and pension benefits as of September 30, 2018. Noem has also made expanding access to health care a top priority for the 2021 legislative session. The net loss for the year was $8.8 billion, an increase in net loss of $4.9 billion compared to 2018. We appreciate your patience. This even includes any communication an organization makes on social media platforms like Twitter and Facebook, including paid staffers managing the platforms. 75 free market, conservative, and libertarian organizations and activists today released a letter in opposition to the interim final rule to implement the Most Favored Nation (MFN) drug pricing proposal. Suite 400 The MFN will move America one step closer to a government run healthcare system. Businesses and foreign postal organizations that faced similar challenges made significant changes, such as reducing less profitable products and services. Noem’s telemedicine order, patients were able to receive telehealth treatment from a new health care provider without the hassle of having an in-person appointment first, providers were allowed to prescribe certain medications through telehealth, and the audio-visual requirement for telehealth was eliminated. ATR applauds Representative Budd’s efforts to expand HSAs so that Americans can save, invest, and spend healthcare dollars tax free. Instead of making it easier for millions of Kansans to make ends meet and recover from the pandemic, Gov. This innovation accounts for 800,000 direct jobs and over 4 million jobs when indirect and economically induced jobs are taking into account. With a rate of return of 5 percent, an HSA user can accumulate $600,000 over 40 years. Posted by Clara Diaz on Monday, January 25th, 2021, 4:00 AM The problem is not the USPS’ short-term finances, but rather its bleak long-term fiscal picture. With a House chamber in turmoil following an FBI investigation of one speaker, and forcing his resignation, which only gave way to Larry Householder and his ensuing mass bribery scandal, the Ohio Senate has had to often stand alone in putting taxpayers first. U.S. The Postal Service is now averaging about $5.5 billion in annual losses and within the last decade the Post Office endured over $47 billion in losses, a number that is only slated to grow. ", NORAH O’DONNELL, CBS: “That’s a promise?”, BIDEN: “That’s a guarantee. A “Netflix tax” would affect millions of taxpayers in Kansas, considering virtually everyone uses digital products and streaming services – especially during the pandemic. As Postal Inspectors, we investigate these crimes and arrest the criminals. Postal Service has over 31,000 retail facilities—a network reaching into almost every community in the nation. Even with some reasons for optimism based on a strong performance from its Shipping and Package group, financial issues persist for the United States Postal Service. Throughout the pandemic, Gov. The Cold Hard Truth About Parcel Accountability Every year, companies spend massive amounts of money on parcel shipping with … Postal Service: Congressional Action Is Essential to Enable a Sustainable Business Model. “The taxes that we do have to fund state government are stable and predictable. 2) H.R. Postal Service: Key Considerations for Restoring Fiscal Sustainability. South Dakota is one of nine states that do not tax wage income and one of six states without a corporate income tax. This legislation would suppress free speech, invalidate state laws, create taxpayer-funded candidates, and do nothing to help the economy or fight the Coronavirus pandemic. USPS Financial Reports of Losses Nov 16th APWU: USPS Financial Reports of Losses Are ‘Essentially a Fraud’ Postal Service’s Financial Report Brings Good News 11/16/2015 – The Postal Service’s latest financial report, which showed an operating profit of $1.2 billion, is good news, said APWU President Mark Dimondstein. You won’t pay a penny more. Postal Service: Continuing Financial Challenges and the Need for Postal Reform. USPS closure looms as service faces $22 billion in losses over 18 months, compounded by decade-long financial instability ... equivalent to 8 percent of their annual revenue. Since March, people have used tech services like these more than 70,000 times in South Dakota’s Medicaid program alone,” explained Governor Noem. Each Congress, “H.R. If her proposed budget is passed, the state’s sales tax will be applied to digital products and streaming services. This legislation expands Health Savings Accounts (HSA) so that all Americans can pay for their healthcare tax free for the duration of the Coronavirus pandemic. State lawmakers in Oklahoma have already successfully amended their tax codes with such clarifying language. Publicly Released: May 12, 2014. USPS has lost $69 billion over the past 11 fiscal years—including $3.9 billion in fiscal year 2018. Gov. It would force states to implement early voting, automatic voter registration, same-day registration, online voter registration, and no-fault absentee balloting. Obhof championed the bill and was a key player in ensuring it passed. Thanks to Gov. 1 Creates Taxpayer-Funded Candidates. HSAs offer triple tax benefits to users – contributions made are tax free, interest and investment are earned tax free, and payments made to qualifying health expenses are tax free. In addition, H.R. Postal Service: Information on Recent Changes to Delivery Standards, Operations, and Performance. As the letter notes: “According to a study by the Galen Institute, patients in the U.S. had access to nearly 90 percent of new medical substances launched between 2011 and 2018. The third quarter losses this week are not only a massive bureaucratic failure but also mean the Postal Service has now posted revenue losses 25 out of the last 27 quarters. The full letter can be found here and a summary of points is below. The Postal Service Retiree Health Benefits Fund pays most of the costs. Noem refused to cave to outside pressure to shut down South Dakota. Postal Service reported Thursday a fiscal 2019 net loss that more than doubled $8.81 billion, from $3.91 billion a year ago. However, it has lost over $78 billion in recent years due to declining mail volumes and rising costs. Gov. 1) H.R. Publicly Released: Jan 17, 2020. U.S. U.S. 1 would make significant strides in stripping states of this power. I guarantee you.”, BIDEN: “I’m not going to raise taxes on anyone who makes less than $400,000 a year.”, BIDEN: “Under my plan, if you make less than $400,000 -- I guarantee you are not going to pay a penny more in taxes.”, BIDEN: “First of all, I guarantee you, a promise -- I’ve never broken my word -- anyone making less than $400,000 will not see one single penny in their tax raised.”, BIDEN: “You have my word, if you make less than $400,000 a year, you won’t pay a penny more in taxes.”, BIDEN: “Under my plan, if you make less than $400,000 a year, you are not gonna pay a penny in additional taxes.”, BIDEN: “I give you my word as a Biden, if you make less than $400,000 -- if I’m elected President -- you are not gonna see a penny of your taxes go up. “Let me save you some time on this. At any one time, 4.5 million patients were waiting for hospital care. The Postal Service has not made $38.2 billion in required payments to this fund through fiscal year 2017. ATR opposes this legislation and urges Congress to reject the Raise the Wage Act. Late last session, the final plank of that plan passed the House in Ohio Sb1. USPS Annual Loss Well Short of Expectations. The clarification bill in Oklahoma, HB 2504, was enacted in May 2020. Follow @JohnKartch. This 800 page bill is packed with alarming proposals that should be rejected by Congress. Postal Service (USPS) estimates of delivery mode costs and potential savings from converting to less costly modes show that door-to-door delivery is much more costly than delivery to a curbside or centralized mailbox and that USPS could achieve large savings by mandating large-scale conversions from door delivery to other modes. 5) H.R. 1 Would Invalidate Numerous State Election Laws. We found USPS overestimated its cost savings from these efforts. Published: Jan 21, 2016. The bill expands the “stand by your ad” disclaimer in video advertisements, forcing organizations to identify their top five donors at the end of advertisements. Postal Service: Delivery Mode Conversions Could Yield Large Savings, but More Current Data Are Needed. Noem’s leadership and commitment to protecting taxpayers makes South Dakota one of the most promising places for investment in the nation. In 2012, the USPS started defaulting on its benefits payments, but the service’s Inspector General Tammy Whitcomb said that regardless, it was the direct cause of the service’s $15 billion debt in 2015. VeriShip Resources. For example, USPS has been required to prefund its pension benefit liability over decades, and as shown in the table below, its pension liability is 94 percent funded. As a result, Congress is limited in its ability to conduct routine, necessary oversight.”, Posted by Matt Owens on Friday, January 22nd, 2021, 1:43 PM Under Obhof’s leadership, the Senate enacted multiple occupational licensing reforms. PERMALINK (AP Photo) The United States Postal Service (USPS) lost $5.5 billion last year. U.S. The Pandemic Healthcare Access Act should be supported by all members of Congress. Provisions like this have been abused in the past several times. PERMALINK Americans for Tax Reform President Grover Norquist today released a letter of support for H.R. From 2007 through the 2019 fiscal year, the USPS lost $77 billion and it hasn’t contributed to its retiree health care fund since 2012. The Universal Postal Union (UPU), a specialized agency of the United Nations, created the terminal dues system so that designated postal operators in member countries could compensate designated postal operators in other countries for delivering mail in those countries. All this red ink has flowed despite USPS’s aggressive move [1] into the parcel delivery business. Postal Service, Hillary's 25% Gun Tax Threatens New Hampshire Jobs, tourism generated $276 million in state & local tax revenue, How the Trump Republican Tax Cuts Are Helping South Dakota, SCOTUS: Americans for Tax Reform Fights Against Overreaching State Taxes, Trump Ends Illegal CSR Payments In Victory For Constitution, How the Trump Republican Tax Cuts Are Helping Kansas, Kansas Governor Rejects Pro-Taxpayer Reforms (Again), In the Wake of Wayfair, Massachusetts Wants Every Penny It Can Get, How the Republican Tax Cuts Are Helping Ohio, Ohio Expands Prevailing Wage Mandates, Unnecessarily Inflating The Cost Of Infrastructure In The Buckeye State, Podcast: Licensing Reform Gets Govt. 1, Democrats’ Attempt to Consolidate Power, State Lawmakers Take Action To Protect Churches From Unwarranted Property Tax Assessments, Free Market Groups Ask Congress to Rescind FCC Privacy Rules, ATR Submits Comments on FHFA’s Capital Rule. 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