Showing posts with label audits. Show all posts
Showing posts with label audits. Show all posts
Thursday, February 8, 2024
Biden’s IRS funding: Treasury study shows new agents, audits get results - Vox
A new report released by the Treasury Department on Tuesday argues that those economists had a point, that we have been understating the revenue this new IRS funding will bring in. They argue that it will bring in over $170 billion more than they previously thought over an 11-year window and that, if Congress extends this funding for the IRS, the ultimate revenue gain could be more than double initial estimates…
Monday, November 13, 2023
Thursday, December 22, 2022
I.R.S. Routinely Audited Obama and Biden, Raising Questions Over Delays for Trump - The New York Times
The committee's discovery that the I.R.S. flouted its rules is bringing new scrutiny to concerns about potential politicization at the I.R.S. during the Trump administration and spurring calls for the inspector general that oversees the agency to investigate what went wrong. It has also raised questions about why the I.R.S. devoted so few resources to auditing Mr. Trump, who, as a business mogul, had far more complicated tax filings than any previous president...
Thursday, December 1, 2022
Opinion | The GOP wants to stop progress at the IRS. We can’t let it succeed. - The Washington Post
This year, Congress took an important first step toward rebuilding the agency. The Inflation Reduction Act provided a one-time cash infusion of $80 billion. Of that, $45 billion will go to increased enforcement to begin to close the gap between taxes owed and taxes collected — funding that will more than pay for itself. The remaining $35 billion will be used to revamp the agency's archaic technology, improve customer service and invest in changes that will restore the agency to basic functionality. The funds for long-term investments will remain available beyond the normal one-year cycle, so there is predictable funding for systems to be designed and implemented.
But Republican critics of the IRS claim that providing this basic funding will lead to menacing IRS agents "on every corner." That fiction suggests a willful ignorance of history. In the mid-1990s, the IRS employed 15,540 revenue agents to audit taxpayers. Today, that number is 8,200. GOP critics also claim that the IRS singles out conservatives for tougher scrutiny, but repeated independent reviews failed to find any evidence of political targeting within the agency...
Tuesday, August 9, 2022
The Democrats’ Inflation Reduction Act supercharges the IRS. That’s huge.
Republicans, despite claiming to be the party of law and order, have aided and abetted tax cheats for years. That collective scam is about to come to an end…
… about $80 billion in new funding for the Internal Revenue Service. What it means is that for the next decade the agency can do a better job going after wealthy tax cheats and collecting revenues the government is supposed to be recouping anyway…
Wednesday, November 17, 2021
Opinion | A new GOP attack on Biden’s Build Back Better bill gives away the game - The Washington Post
"If you modify legislation to combat a dishonest argument, a lesson from the ACA fight is that you shouldn't assume that modification will make the argument go away,." Cohn told me.
Thursday, May 27, 2021
Opinion | Brad Raffensperger’s agonizing travails on a 2020 recount point to real trouble ahead - The Washington Post
… This misses the whole point of such efforts, which is to manufacture ways to cast doubt on electoral outcomes in spite of what full transparency and the facts reveal. We need to forthrightly confront whether a broader movement is developing, in which such moves are really dry runs at manufacturing fake justifications for subverting future electoral losses by any means necessary...
Tuesday, May 25, 2021
Conservatives tee off on Biden for pushing to bolster IRS - POLITICO
"A massive, bipartisan, majority of the American people support making the richest Americans and biggest corporations pay the taxes they owe — without increasing the rate of audits on any people or small business owners earning less than $400,000 a year — so we can use that money to invest in the middle class," White House spokesperson Mike Gwin said. "A few special interest-funded ads won't change that fact or a single mind."
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