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City of Chicago Hits Taxpayers with New ‘Netflix Tax’

The City of Chicago is expanding an existing excise tax on movie and theater tickets to include streaming online video and music services, such as Netflix and Spotify, in order to generate additional revenue. Steven Titch, a telecommunications policy analyst with the R Street Institute, says Chicago’s expansion of the tax is arbitrary and “an incredible overreach.” Undefined Terms “Chicago made the announcement that startups would be exempt from collecting the tax,” Titch said. “Well, that...

GAO: Federal Tech Spending is Inefficient, Wasteful

The federal government’s annual expenditure of more than $80 billion for information technology incurs rampant waste and inefficiency, according to a June report by the Government Accountability Office (GAO). Despite widespread inefficiencies in tech spending, President Barack Obama’s 2016 budget, released in February, calls for a $2.3 billion increase in spending on hardware and software, up to $86.4 billion. According to the GAO report, federal spending on obsolete technology has also...

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