Category: Postal Reform
February 9, 2018
WASHINGTON, D.C. – Today, the Taxpayers Protection Alliance (TPA) reacted with concern about the U.S. Postal Service’s (USPS) latest loss of $540 million for the first quarter of the 2018 fiscal year. Since the current Postal Service law, the Postal Accountability & Enhancement Act (PAEA), came into effect in December 2006, the USPS has accumulated $65.6 billion in total net losses. » Read More
January 3, 2018
This article originally appeared in The Hill on January 2, 2018
The U.S. Postal Service (USPS) is as determined as ever to make customers pay more as they defend ludicrous schemes keeping the agency deep in debt. The cost of First-Class postage is slated to increase from 49 to 50 cents on Jan. 21 as part of a desperate move by postal officials to stem the financial bleeding. As the Taxpayers Protection Alliance (TPA) has previously documented, increases in postage rates promote risky behaviors with non-postal business ventures and shore up liabilities in a massively-underfunded pension system buoyed by unrealistic promises. But, the biggest and ugliest secret lies below the surface in the rampant postal cronyism that disproportionately benefits e-commerce giants such as Amazon. In April, a Citigroup analysis found that Amazon gets roughly$1.50 in shipping subsidies from every package delivered via the Postal Service. » Read More
September 12, 2017
The fiscal turmoil at the U.S. Postal Service (USPS) continues with no end in sight. In light of the staggering trends, USPS faces an immense need for a new strategic direction that will help to achieve overall financial stability and accountability. Much of this responsibility rests in the hands of the Postal Service Board of Governors, which has regrettably become fully vacant (with the exception of the Postmaster General and the Deputy Postmaster General who were chosen by the former governors). » Read More
August 14, 2017
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Washington, D.C. - Today, the Taxpayers Protection Alliance (TPA) expressed concern about the continued alarming financial trends from the U.S. Postal Service (USPS). TPA also called on Congress and USPS leadership to take immediate action to stop the hemorrhaging of money. With a loss of $2.1 billion announced in this week’s third quarter statement, USPS faces a total loss of $2.8 billion for the 2017 fiscal year thus far. After yet another dismal report it becomes increasingly impossible for USPS leadership, the greater postal community, or the general public to find any silver linings in the USPS’s financial outlook.
June 19, 2017
With operations awash in red ink, the U.S. Postal Service (USPS) has certainly seen better days. After posting yet another loss of $562 million for the 2017 fiscal year thus far, the USPS is pleading for members of Congress to bail out the struggling organization. The USPS, which has dealt with multi-billion dollar losses over the past decade, is pushing for the Postal Service Reform Act of 2017 as a way of shoring up finances. But the bill, which would transfer health-related retirement liabilities to Medicare, would shift expenses to taxpayers without solving any of the underlying problems facing the Service. » Read More
May 11, 2017
WASHINGTON, D.C. – Today, the Taxpayers Protection Alliance (TPA) expressed dismay about the U.S. Postal Service’s (USPS) continuing escalating debts. In today’s release, the USPS posted a loss of $562 million in its second quarter financial report for the 2017 fiscal year. This loss is a stark reminder about the agency’s inability to achieve fiscal stability. After posting losses during the December holiday delivery season, the USPS appears on track for its 11th consecutive fiscal year in the red. The USPS has failed to pay its retiree health benefits payments despite its legal obligation to do so. Even though they have failed to pay this obligation, they have included this unpaid figure as a part of its quarterly losses. After amassing these debts, and many others as a result of bad management practices, the Government Accountability Office (GAO) has calculated that the Postal Service now carries more than $121 billion in unfunded liabilities on its books.
Click 'Read Blog' below to see the full statement» Read More
January 25, 2017
This week, the Taxpayers Protection Alliance (TPA) released a series of issue briefs for the 115th Congress titled Roadmap to Fiscal Sanity. The publication puts forward an aggressive reform agenda for Congress. The publication focuses on 14 different policy areas where reform is needed to help reduce the size of government, cut spending, enact tax reform, and help get the economy back on track. Issues covered in the publication include Defense Spending, Earmarks, Energy, Health Care, Intellectual Property, Mergers, Regulatory Reform, Solar Subsidies, Tax Reform, Telecommunications Policy, Trade Policy, United Nations/World Health Organization and United States Postal Service Reform. TPA President David Williams said of the release, “The newly elected Congress has No More Excuses for not acting on real and meaningful reform when it comes to reducing spending and getting the debt under control. TPA’s Roadmap to Fiscal Sanity provides a path forward.”» Read More
January 2, 2017
The New Year has begun, and after saying goodbye to 2016, taxpayers are ready to welcome 2017. While many people resolve to shed a few pounds and break some bad habits, this year’s list of resolutions highlights all of the major issues that the Taxpayers Protection Alliance (TPA) will focus on throughout the year.
The resolution for Congress in 2017 is clear: No More Excuses. Washington (including the incoming Trump administration) have no more excuses for not getting things done for taxpayers. On a wide range of issues, including tax reform and regulatory reform, members of the House and Senate can longer make excuses for not doing the necessary work to fix some of the major problems impacting taxpayers. It is time for Congress to get to work. For more on Congress, click here.
Click "Read Blog" below to see all of TPA's 2017 Resolutions!» Read More