Latest in Budget

Image credit:

Obama's proposed 2010 budget juices carriers for more cash

Chris Ziegler

There's no easy answer to erasing a staggering trillion-plus dollar deficit in a federal budget, but you've got to start somewhere -- and Obama's looking at the nation's wireless carriers as cash cows just waiting to be milked. The President's proposed budget for 2010 calls for an increase in spectrum license user fees from $50 million to $200 million, with further increases to $550 million over the course of the next decade, all of which would be on top of the billions carriers have already shelled out in spectrum auctions. A good way to bring in some extra cash? Yeah, probably, but considering that carriers will be more than happy to pass the increases on to consumers, let's just be straight: it's a tax.

[Via El Reg]

From around the web

ear iconeye icontext filevr