News Source
EXCERPT:
Except for Medicare, Medicaid, and interest on the national debt, defense contractors are getting the biggest share of Ohioans’ federal tax dollars, according to a new analysis.
Medicare and Medicaid provide health care to more than 144 million Americans, and paying interest on the $39 trillion national debt isn’t really optional. However, policymakers choose to spend nearly $900 billion a year on defense, and allow the Pentagon to ship 54% of that off to wealthy defense contractors such as Lockheed Martin — sometimes for weapons systems of questionable military value.
If you look at the federal tax bill of the average American, that person is giving those contractors more than he or she is paying for food and agriculture, school lunches, housing and urban development, disaster relief and national parks and the environment combined, according to the Institute for Policy Studies’ 2026 Tax Day report.
