Mainecat Posted December 11, 2019 Share Posted December 11, 2019 Report: black lung funding cut will cost taxpayers billions Source: ABC News A cut to the tax coal companies pay to fund a trust for sick miners will cost taxpayers at least $15 billion by 2050, according to a new report from a national watchdog group. An excise tax rate on mined coal that funds the Black Lung Disability Trust Fund expired at the beginning of 2019 due to inaction by Congress. That led to a reduction in the amount coal companies pay into the fund, which pays benefits and medical bills for miners diagnosed with black lung disease. “By failing to extend the excise tax, Congress is shifting billions of dollars in liabilities from coal companies to taxpayers,” said Autumn Hanna, vice president of Taxpayers for Common Sense. The Washington-based group released a report on Tuesday that said the fund's debt could be as high as $26 billion by 2050. The U.S. Department of Labor earlier this year confirmed to The Associated Press that a funding shortfall in the Black Lung Trust Fund would be covered by borrowing from the U.S. Treasury. Read more: https://abcnews.go.com/Health/wireStory/report-black-lung-funding-cut-cost-taxpayers-billions-67623439?cid=clicksource_4380645_null_headlines_hed Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted December 11, 2019 Platinum Contributing Member Share Posted December 11, 2019 Black Lung funding cut...dopo approves...can’t have those blacks getting any handouts!!!!!!! 🤣🤣 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted December 11, 2019 Platinum Contributing Member Share Posted December 11, 2019 Hey Congress has been busy with other stuff. 1 Quote Link to comment Share on other sites More sharing options...
Pete Posted December 11, 2019 Share Posted December 11, 2019 1 minute ago, Jimmy Snacks said: Black Lung funding cut...dopo approves...can’t have those blacks getting any handouts!!!!!!! 🤣🤣 fuck off you fucking piece of shit. youre lying is well known here.. Im glad im in your empty mellon 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 11, 2019 Author Share Posted December 11, 2019 Another corporate handout we all pay for. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted December 11, 2019 Platinum Contributing Member Share Posted December 11, 2019 Just now, Mainecat said: Another corporate handout we all pay for. Well lets be honest here. We were paying for it before in our electric bills . 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 11, 2019 Platinum Contributing Member Share Posted December 11, 2019 Not saying I agree or disagree with this however moving a tax from one entity to another is not an increase on taxpayers. The consumers (taxpayers) were paying the excise tax to begin with. Not sure why the govt would need to fund this trust fund to begin with. An excise tax rate on mined coal that funds the Black Lung Disability Trust Fund expired at the beginning of 2019 due to inaction by Congress. That led to a reduction in the amount coal companies pay into the fund, which pays benefits and medical bills for miners diagnosed with black lung disease. “By failing to extend the excise tax, Congress is shifting billions of dollars in liabilities from coal companies to taxpayers,” said Autumn Hanna, vice president of Taxpayers for Common Sense. The Washington-based group released a report on Tuesday that said the fund's debt could be as high as $26 billion by 2050. Quote Link to comment Share on other sites More sharing options...
Anler Posted December 11, 2019 Share Posted December 11, 2019 Id rather have black lung funding that Ukranian or Israeli funding. 3 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted December 11, 2019 Platinum Contributing Member Share Posted December 11, 2019 38 minutes ago, Pete said: fuck off you fucking piece of shit. youre lying is well known here.. Im glad im in your empty mellon Melon and what have I lied about? Quote Link to comment Share on other sites More sharing options...
racer254 Posted December 11, 2019 Share Posted December 11, 2019 38 minutes ago, Highmark said: Not saying I agree or disagree with this however moving a tax from one entity to another is not an increase on taxpayers. The consumers (taxpayers) were paying the excise tax to begin with. Not sure why the govt would need to fund this trust fund to begin with. An excise tax rate on mined coal that funds the Black Lung Disability Trust Fund expired at the beginning of 2019 due to inaction by Congress. That led to a reduction in the amount coal companies pay into the fund, which pays benefits and medical bills for miners diagnosed with black lung disease. “By failing to extend the excise tax, Congress is shifting billions of dollars in liabilities from coal companies to taxpayers,” said Autumn Hanna, vice president of Taxpayers for Common Sense. The Washington-based group released a report on Tuesday that said the fund's debt could be as high as $26 billion by 2050. Apparently, this person does not have enough common sense to realize the last part of your first sentence. Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted December 11, 2019 Share Posted December 11, 2019 15 minutes ago, Jimmy Snacks said: Melon and what have I lied about? You’re as much of a habitual liar as MC. 1 Quote Link to comment Share on other sites More sharing options...
Rod Posted December 11, 2019 Share Posted December 11, 2019 1 hour ago, Mainecat said: Report: black lung funding cut will cost taxpayers billions Source: ABC News A cut to the tax coal companies pay to fund a trust for sick miners will cost taxpayers at least $15 billion by 2050, according to a new report from a national watchdog group. An excise tax rate on mined coal that funds the Black Lung Disability Trust Fund expired at the beginning of 2019 due to inaction by Congress. That led to a reduction in the amount coal companies pay into the fund, which pays benefits and medical bills for miners diagnosed with black lung disease. “By failing to extend the excise tax, Congress is shifting billions of dollars in liabilities from coal companies to taxpayers,” said Autumn Hanna, vice president of Taxpayers for Common Sense. The Washington-based group released a report on Tuesday that said the fund's debt could be as high as $26 billion by 2050. The U.S. Department of Labor earlier this year confirmed to The Associated Press that a funding shortfall in the Black Lung Trust Fund would be covered by borrowing from the U.S. Treasury. Read more: https://abcnews.go.com/Health/wireStory/report-black-lung-funding-cut-cost-taxpayers-billions-67623439?cid=clicksource_4380645_null_headlines_hed Wow this is racist 1 Quote Link to comment Share on other sites More sharing options...
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