IRS
New U.S. House weaponization panel to probe FBI, IRS, ATF
WASHINGTON — U.S. House Democrats on Thursday urged the GOP lawmakers running the new Select Subcommittee on the Weaponization of the Federal Government to work with them on genuine oversight investigations that weren’t political or focused on leveling grievances. Maryland Democratic Rep. Jamie Raskin said during the panel’s first hearing that the subcommittee “could conceivably […]
U.S. House GOP outlines agenda in bid for control in the midterms
WASHINGTON — U.S. House Republicans gathered inside a warehouse in Southwestern Pennsylvania last week to outline the legislation they’d try to enact if voters give them back control of that chamber following the November midterm elections. Speaking from an HVAC factory in Monongahela, about an hour south of Pittsburgh, House Republican leader Kevin McCarthy said […]
GOP claims to the contrary, Sen. Brown says extra IRS funds will make the rich pay up
The Inflation Reduction Act signed last month by President Joe Biden does some things that poll well with Americans. It attempts to lower the cost of prescription drugs for seniors, it extends health care subsidies for lower-income people and it’s a significant attempt to combat climate change. So in criticizing the bill, many Republicans have […]
U.S. House Democrats send sweeping climate, health and tax legislation to Biden
WASHINGTON — The U.S. House on Friday cleared Democrats’ long-sought climate, health care and tax package, sending it to President Joe Biden for his signature. The roughly $750 billion measure is much smaller than the $2 trillion reconciliation package the House originally sent to the Senate in November. The final product left out dozens of […]
How the Trump tax law created a loophole that lets top executives net millions
By Robert Faturechi and Justin Elliott, Pro Publica This story was originally published by ProPublica. In the months after President Donald Trump signed the Tax Cuts and Jobs Act in December 2017, some tax professionals grew giddy as they discovered opportunities for their clients inside a law that already slashed rates for corporations and wealthy […]