The IRS updating how your income tax will be calculated to adjust for inflation. What are the changes and how will they affect you? Disney shares down 7 percent today, after telling investors its subscriber growth is slowing down, but its theme parks are seeing more business. Elon Musk selling billions worth of Tesla stocks – first time…
House Ways and Means GOPers Ask Why IRS Is Targeting Political Views, Again
All 18 Republican members of the powerful House Ways and Means Committee want to know why the IRS recently violated a 2017 court settlement in which it agreed to stop targeting non-profit tax-exemption applicants on the basis of their political views. In a Nov. 8 letter to IRS Commissioner Charles P. Rettig, the 18 GOP signers…
Deep Dive (Nov. 10): Build Back Better Bill to Cost $2.4 Trillion, Not $1.5 Trillion: CRFB Report
House Speaker Nancy Pelosi is optimistic they’ll vote on President Joe Biden’s social spending plan next week. But it might not happen that soon. Five Democrats—enough to block the bill– are waiting for the Congressional Budget Office (CBO) to score the spending bill. CBO is warning that it might not be done with the full cost estimate…
NTD Business Full Broadcast (Nov. 10)
The so-called transitory inflation is heating up. The CPI is at a 30-year high. What does it mean for small businesses? U.S. stock indexes see their first major down day in a month. Is inflation spooking markets or is something else at play? If your business is processing more than $600 of sales through Paypal…
Monitoring Bank Accounts Would Make the People of the Government, Not the Government of the People
Commentary Of politicians in power it might be said, “By their proposals, shall ye know them.” What they say they want to do is almost as significant as what they actually succeed in doing, for it offers an insight into their fundamental philosophy or state of mind. This is especially important, of course, when they…
IRS Plan to Collect $400 Billion in Unpaid Taxes Relies on ‘More Cops on the Beat’: Treasury
The federal government is aiming to obtain $400 billion in new revenue over the next decade as part of the White House-backed $1.75 trillion social spending plan, according to a top Treasury official. Increased Internal Revenue Service enforcement to collect unpaid taxes makes up the largest source of revenue in the legislation to be considered by…
Democrats’ IRS Snooping Scheme Removed After Bipartisan Criticism
Congressional leadership has cut a controversial program from their new budget bill that would have allowed the IRS to gain unprecedented information from Americans’ bank accounts after the measure drew bipartisan criticism. The program would have expanded the IRS’s ability to look into the details of Americans’ bank transactions. Originally, the IRS would have been…
21 House Democrats Ask to Cut IRS Bank Reporting From Biden’s Spending Package
A group of 21 House Democrats on Wednesday urged House Speaker Nancy Pelosi (D-Calif.) to remove a controversial IRS bank reporting provision from the reconciliation bill. The measure, which has already been pared back once, would require banks to hand over data to the Internal Revenue Service for all accounts with annual outflows totaling more…
Democrats Raise Proposed IRS Bank Reporting Threshold to $10,000 From $600
WASHINGTON—Senior Democrats in Congress have agreed to raise their proposed tax reporting threshold for bank account inflows and outflows to $10,000 a year, with exemptions for wage income, from an earlier proposal of $600 that drew criticism for being too intrusive. Senate Finance Committee Chairman Ron Wyden on Tuesday said the new $10,000 Internal Revenue…
EpochTV Review: It’s All About Control
October 20, 2021
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Commentary A few weeks ago I was on Facebook and I saw a right-leaning friend post a list of six or seven policies that our current administration was enacting, so he could point out that every policy served no purpose other than to keep the plebs in their place. A left-leaning mutual friend of ours…
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