There's an underrated win in the Democrats' big inflation-reduction bill.
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. If Congress can keep itself from cutting the IRS’s budget over the next decade, the new money from the Inflation Reduction Act will increase its funding. The agency is already pledging to put the money to use going after rich tax cheats.
Officials have promised that they won’t increase audit rates on anyone making less than $400,000, but that they will finally be able to ramp up enforcement, particularly onThe Congressional Budget Office predicts that the new funding will increase tax revenue collection byover 10 years—an excellent return on an $80 billion investment. It’s not just a sign of how much we’ve left on the table by letting the IRS wither.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Huge Main Break Spawns NJ Water Emergency; Hospitals Delay Surgeries as Drought Watch HitsA monster water main break wreaked havoc in New Jersey’s largest city and nearby communities Tuesday, impacting more than 100,000 people as hospitals grappled with diversions and officials planned door-to-door outreach. At the same time, emergency crews responded to at least one case where a woman’s car was swallowed by a sudden sinkhole. The 140-year-old pipe broke in Branch Brook…
Weiterlesen »
CNN celebrates ‘legacy-defining’ Inflation Reduction Act passage for Biden: ‘Huge legislative victory’CNN shows heaped praise after praise on President Biden and the Democrats for passing the Inflation Reduction Act through budget reconciliation on Sunday.
Weiterlesen »
Abortion, inflation and huge sums of money could tilt Colorado’s first-ever 8th District raceWith just three months to go until the election, one of the most closely watched political contests in the nation — Colorado’s 8th Congressional District — is gearing up for its f…
Weiterlesen »
Logan Switches to Team Gabby After Making Rachel Feel Like a 'Huge Loser'Oh, the mess! Rachel Recchia's 'worst nightmare' came true during the latest episode of TheBachelorette – when contestant Logan Palmer revealed he still had feels for co-Bachelorette Gabby Windey. See the recap of the shocking episode:
Weiterlesen »
Chile to seek ‘consequences’ for huge sinkhole near copper mineThe mysterious hole of 36.5 meters in diameter that emerged in late July led the mining regulator to suspend operations of a nearby mine owned by Canada's Lundin in the northern district of Candelaria.
Weiterlesen »