The USPS loses money because they are not a profit making enterprise. They aren’t intended to be. They are a taxpayer based and constitutionally guaranteed means of communication. It is silly to compare them to FedEx of UPS. Right now a first class stamp to anywhere in this country is 55 cents. For that price you can send a letter to Guam which is part of the USA.
FedEx will send the same letter from Houston to Detroit.. for $15.
The USPS could raise their rates. Grandma who pays all of her bills by mail on fixed income can hardly afford $150 a month just for postage off 10 bills. So it is a taxpayer funded delivery system. Trump says to raise their rates. Yes that would work. Wait for the outcry from those that spend on the mail to live. They wouldn’t have to raise it to UPS prices. Maybe just $4 to mail a letter. If that is what the people want to mail a letter....
Last year the USPS lost 8.8 billion. That comes out to 1/5 of 1%. If a person paid $20,000 in income tax last year, he/she put $40 of that into the USPS. So if they raised their rates to make a profit, that person saves $40 in income tax. If you didn’t pay $20,000 in income taxes, you paid in less.
i don’t mail anything anymore. I think I paid not quite $20k in taxes. I am not worried about getting another $35 or so back on my taxes. If it was fun more efficiently maybe I could only post in $20 more in taxes instead of $35.
Either way, it doesn’t make sense to compare the USPS to a billion dollar for profit industry.
No, I don’t work for the postal service, none of my family ever has and to my knowledge, none of my friends.