President Biden’s new $6.8 trillion budget would impose a whopping $5.5 trillion in tax hikes and push federal spending roughly 55% higher than pre-pandemic levels, including a 15% boost for the IRS that would be added on top of the agency’s current massive funding increase.
is requesting an additional $1.8 billion for the agency in 2024, boosting the agency’s overall funding to $14.1 billion — a 15% increase from the more than $12 billion approved for the agency in December.spending is a non-starter. Speaker Kevin McCarthy said the entire budget proposal was “unserious” and could not muster support within the Republican-controlled House.
“Joe Biden’s budget proposal will be as popular with the House GOP as Pete Buttigieg is with the people of East Palestine, Ohio,” said Rep. Ben Cline, a Virginia Republican who serves on the House Appropriations Committee.understands about families and businesses struggling under high inflation and declining real wages.
“It’s a campaign wishlist of tax hikes and fuzzy math that would do nothing to help Hoosiers struggling withGrover Norquist, president of Americans for Tax Reform, said Mr.tax hikes will raise the cost of goods and services for everyone, and make American workers and businesses less competitive internationally and vs. China,” he said.“With an increase in taxes on big corporations, President
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Manchin to oppose Biden IRS nominee over implementation of Dems’ tax-and-climate lawSen. Joe Manchin III revealed Wednesday he will oppose confirming President Biden’s nominee to head the IRS in a protest vote against the way the administration has implemented Democrats’ tax-and-climate spending law known as the Inflation Reduction Act.
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Manchin to oppose Biden's nominee to head IRSSen. Manchin, embroiled in a nasty fight with the administration over electric vehicle credits, said today that he'll oppose Biden's pick to lead the IRS.
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Senate poised to confirm Biden IRS nominee as agency announces upgradesThe IRS said it can now scan information from tax returns rather than forcing employees to enter data by hand.
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Senate confirms Biden's IRS nominee Daniel Werfel | CNN PoliticsThe Senate voted Thursday to confirm Daniel Werfel, the former acting commissioner of the Internal Revenue Service, to lead the IRS at a time when the agency will have to manage an influx of $80 billion to revitalize itself.
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Biden’s nominee for IRS chief confirmed by SenateThe Senate has confirmed Biden’s pick to head the IRS. Danny Werfel, a federal government veteran, faces the high-pressure task of spending the $80 billion in new funding that's meant to transform the agency while fending off Republican attacks.
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Biden Demands 15% Increase for IRS, Boosting $79B Previously AllocatedBiden requested American taxpayers increase the IRS budget by 15 percent in fiscal 2024 to crack down on tax cheats — even as his son Hunter Biden is under investigation for tax violations.
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