Biden Executive Branch

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  • mickeyratmickeyrat Posts: 38,586
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  • Halifax2TheMaxHalifax2TheMax Posts: 39,020
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  • i'd like to see the full context of the quote about it being the best economy the world has ever seen. i know it is going well, i just want to see the rest of what was said.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • mickeyratmickeyrat Posts: 38,586
    i'd like to see the full context of the quote about it being the best economy the world has ever seen. i know it is going well, i just want to see the rest of what was said.

    https://www.cnbc.com/2023/08/02/jpmorgan-ceo-jamie-dimon-calls-fitch-ratings-us-downgrade-ridiculous-but-says-doesnt-really-matter.html
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    you're finally here and I'm a mess................................................... nationwide arena columbus '10
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  • mickeyrat said:
    i'd like to see the full context of the quote about it being the best economy the world has ever seen. i know it is going well, i just want to see the rest of what was said.

    https://www.cnbc.com/2023/08/02/jpmorgan-ceo-jamie-dimon-calls-fitch-ratings-us-downgrade-ridiculous-but-says-doesnt-really-matter.html
    thank you, sir!
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • mickeyratmickeyrat Posts: 38,586
    mickeyrat said:
    i'd like to see the full context of the quote about it being the best economy the world has ever seen. i know it is going well, i just want to see the rest of what was said.

    https://www.cnbc.com/2023/08/02/jpmorgan-ceo-jamie-dimon-calls-fitch-ratings-us-downgrade-ridiculous-but-says-doesnt-really-matter.html
    thank you, sir!

    was first comment in the tweex
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1mrussel1 Posts: 29,675
    mickeyrat said:
    i'd like to see the full context of the quote about it being the best economy the world has ever seen. i know it is going well, i just want to see the rest of what was said.

    https://www.cnbc.com/2023/08/02/jpmorgan-ceo-jamie-dimon-calls-fitch-ratings-us-downgrade-ridiculous-but-says-doesnt-really-matter.html
    I know a lot of people think Jamie Dimon is a bad guy because he leads a huge bank, but I like the guy.  Yes, he is capitalist pig swine, but he pays his people well, and employs a lot of them.  Most people think banks are just stodgy dudes at country clubs, but the 90% of employees are mid level and non-exempts that are middle class and have families.  Banks like Chase have great benefits, good work/life balance and people stay there their entire working lives, happily.  
  • mickeyratmickeyrat Posts: 38,586
    mrussel1 said:
    mickeyrat said:
    i'd like to see the full context of the quote about it being the best economy the world has ever seen. i know it is going well, i just want to see the rest of what was said.

    https://www.cnbc.com/2023/08/02/jpmorgan-ceo-jamie-dimon-calls-fitch-ratings-us-downgrade-ridiculous-but-says-doesnt-really-matter.html
    I know a lot of people think Jamie Dimon is a bad guy because he leads a huge bank, but I like the guy.  Yes, he is capitalist pig swine, but he pays his people well, and employs a lot of them.  Most people think banks are just stodgy dudes at country clubs, but the 90% of employees are mid level and non-exempts that are middle class and have families.  Banks like Chase have great benefits, good work/life balance and people stay there their entire working lives, happily.  

    I remember when he was with Bank One then Chase bought them and elevated him. Chase is a solid player. yeah some money first decisions but.... its a fucking bank.
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    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Halifax2TheMaxHalifax2TheMax Posts: 39,020
    mickeyrat said:
    Further evidence that the Brandon Crime Family is for the elimination of the white race.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 38,586
    dumb motherfuckers will stay then cry about being left. even dumber motherfuckers will criticize this administration for not forcably renoving citizens who choose to stay....

    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyrat said:
    Oh my god! More weaponization of the gubmint!! They’re coming for YOU!
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 38,586
    https://apnews.com/article/afghanistan-pentagon-abbey-gate-withdrawal-bombing-fb5725ccf8ba641f79dc7976e7b9db79   US military orders new interviews on the deadly 2021 Afghan airport attack as criticism persists

     
    US military orders new interviews on the deadly 2021 Afghan airport attack as criticism persists
    By LOLITA C. BALDOR
    1 hour ago

    WASHINGTON (AP) — The Pentagon's Central Command has ordered interviews of roughly two dozen more service members who were at the Kabul airport when suicide bombers attacked during U.S. forces' chaotic Afghanistan withdrawal, as criticism persists that the deadly assault could have been stopped.

    The interviews, ordered by Gen. Erik Kurilla, head of U.S. Central Command, were triggered in part by assertions by at least one service member injured in the blast who said he was never interviewed about it and that he might have been able to stop the attackers.

    The interviews are meant to see if service members who were not included in the original investigation, have new or different information.

    The decision, according to officials, does not reopen the administration’s investigation into the deadly bombing and the withdrawal two years ago. But the additional interviews will likely be seized on by congressional critics, mostly Republican, as proof that the administration bungled the probe into the attack, in addition to mishandling the withdrawal.

    Some families of those killed and injured have complained that the Pentagon hasn't been transparent enough about the bombing that killed 170 Afghans and 13 U.S. servicemen and women.

    U.S. Central Command’s investigation concluded in November 2021 that given the worsening security situation at the airport's Abbey Gate as Afghans became increasingly desperate to flee, “the attack was not preventable at the tactical level without degrading the mission to maximize the number of evacuees.” And, the Pentagon has said that the review of the suicide attack had turned up neither any advance identification of a possible attacker nor any requests for “an escalation to existing rules of engagement” governing use of force by U.S. troops.

    Central Command plans to speak with a number of service members who were severely wounded in the bombing at the Abbey Gate and had to be quickly evacuated from the country for medical care. They represent the bulk of the planned interviews, but a few others who weren't wounded are also included. Officials also did not rule out that the number of interviews could grow as a result of those initial conversations.

    “The purpose of these interviews is to ensure we do our due diligence with the new information that has come to light, that the relevant voices are fully heard and that we take those accounts and examine them seriously and thoroughly so the facts are laid bare,” Central Command spokesperson Michael Lawhorn said in a statement.

    Officials on Friday began informing family members of those killed in the bombing as well as members of Congress about the latest plan. Lt. Gen. Patrick Frank, head of Army Central Command, is overseeing the team conducting the interviews, which is led by Army Brig. Gen. Lance Curtis. Gen. Kurilla has asked Frank to provide an update in 90 days.

    In emotional testimony during a congressional hearing in March, former Marine Sgt. Tyler Vargas-Andrews told lawmakers that he was thwarted in an attempt to stop the suicide bombing . He said Marines and others aiding in the evacuation operation were given descriptions of men believed to be plotting an attack before it occurred.

    He said he and others spotted two men matching the descriptions and behaving suspiciously, and eventually had them in their rifle scopes, but never received a response about whether to take action.

    “No one was held accountable,” Vargas-Andrews told Rep. Mike McCaul, R-Texas, the chairman of the House Foreign Affairs Committee. “No one was, and no one is, to this day.”

    The March hearing was set up to examine the Biden administration’s handling of the withdrawal. Taliban forces seized the Afghan capital, Kabul, far more rapidly than U.S. intelligence had foreseen as American forces pulled out. Kabul’s fall turned the West’s withdrawal into a frenzy, putting the airport at the center of a desperate air evacuation by U.S. troops.

    In April, President Joe Biden's administration laid blame on his predecessor, President Donald Trump, for the deadly withdrawal. A 12-page summary of the results of the “ hotwash ” of U.S. policies around the ending of the nation’s longest war asserts that Biden was “severely constrained” by Trump’s decisions.

    It acknowledges that the evacuation of Americans and allies from Afghanistan should have started sooner, but blames the delays on the Afghan government and military, and on U.S. military and intelligence community assessments.

    The administration has refused to release detailed reviews conducted by the State Department and the Pentagon, saying they are highly classified.

    The White House summary says that when Biden entered office, “the Taliban were in the strongest military position that they had been in since 2001, controlling or contesting nearly half of the country.”

    A review by U.S. Inspector-General for Afghanistan John Sopko concluded that actions taken by both the Trump and Biden administrations were key to the sudden collapse of the Afghan government and military, before U.S. forces completed their withdrawal in August 2021.

    That includes Trump’s one-sided withdrawal deal with the Taliban, and the abruptness of Biden’s pullout of both U.S. contractors and troops from Afghanistan, stranding an Afghan air force that previous administrations had failed to make self-supporting, the review concluded.


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    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Brandon voluntarily met with the special counsel investigating the documents found in his garage. No claim of executive privilege or insta declassification or refusing to meet. Just straight up told him he sold secrets to help Hunter’s businesses. No drama Joe.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1mrussel1 Posts: 29,675
    mickeyrat said:
    This is good but almost completely unenforceable.   There are way too many of these companies engaging in this activity and they won't stop unless subject to direct regulatory action.  

    For example,  every time you get one of these calls,  and you hear that beep before someone speaks, if it's on your cell then that's a violation of the TCPA. You can't use a predictive dialer to call a cell phone without direct consent.  But every one of us gets multiple calls like this per day and every one is a regulatory break.  Doesn't matter.  The Fed can't stop it.  This will be the same. 
  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mickeyratmickeyrat Posts: 38,586
    https://apnews.com/article/irs-tax-gap-audits-inflation-reduction-act-e0dcb9bc52cfcdd8fc40caa2c04e8011   IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding

     
    IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding
    By FATIMA HUSSEIN
    6 Feb 2024

    WASHINGTON (AP) — The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS.

    Tax revenues are expected to rise by as much as $561 billion from 2024 to 2034, thanks to stepped-up enforcement made possible with money from the Democrats’ Inflation Reduction Act, which became law in August 2022.

    The Congressional Budget Office in 2022 estimated that the tens of billions of new IRS funding provided by the IRA would increase revenues by $180.4 billion from 2022 to 2031. The IRS now says that if IRA funding is restored, renewed and diversified, estimated revenues could reach as much as $851 billion from 2024 to 2034.

    Administration officials are using the report to promote President Joe Biden's economic agenda as he campaigns for reelection — and as the IRS continually faces threats to its funding.

    “This analysis demonstrates that President Biden’s investment in rebuilding the IRS will reduce the deficit by hundreds of billions of dollars by making the wealthy and big corporations pay the taxes they owe," National Economic Adviser Lael Brainard said in a statement.

    “Congressional Republicans’ efforts to cut IRS funding show that they prioritize letting the wealthiest Americans and big corporations evade their taxes over cutting the deficit," Brainard said.

    The Inflation Reduction Act gave the IRS an $80 billion infusion of funds. However, House Republicans built a $1.4 billion reduction to the IRS into the debt ceiling and budget cuts package passed by Congress last summer. A separate agreement took an additional $20 billion from the IRS over the next two years to divert to other non-defense programs.

    Since then, the agency has tried to show how it is spending the money it has left, in hopes of stemming the cuts. New customer service improvements rolled out as the tax season began Jan. 29, and earlier this month the IRS announced that it had recouped half a billion dollars in back taxes from rich tax cheats.

    Rep. Jason Smith, the Republican chairman of the House Ways and Means Committee, said in a statement that the report “calls for even more IRS funding, uses pie-in-the-sky numbers, all without being straightforward about where the burdens of massive new enforcement efforts will fall." He said increased funding will inevitably result in hundreds of thousands of additional audits for taxpayers making less than $75,000.

    After the IRA was signed into law, Treasury Secretary Janet Yellen directed IRS leadership not to increase audit rates on people making less than $400,000 a year annually.

    Ensuring that people actually pay their taxes is one of the tax collection agency’s biggest challenges. The audit rate of millionaires fell by more than 70% from 2010 to 2019 and the audit rate on large corporations fell by more than 50%, Treasury's Deputy Assistant Secretary for Tax Analysis Greg Leiserson told reporters. IRA funding "is enabling the IRS to reverse this trend,” Leiserson said.

    The tax gap — which is the difference between taxes owed and taxes paid — has grown to more than $600 billion annually, according to the IRS.


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  • Halifax2TheMaxHalifax2TheMax Posts: 39,020
    mickeyrat said:
    https://apnews.com/article/irs-tax-gap-audits-inflation-reduction-act-e0dcb9bc52cfcdd8fc40caa2c04e8011   IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding

     
    IRS expects to collect hundreds of billions more in overdue and unpaid taxes thanks to new funding
    By FATIMA HUSSEIN
    6 Feb 2024

    WASHINGTON (AP) — The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS.

    Tax revenues are expected to rise by as much as $561 billion from 2024 to 2034, thanks to stepped-up enforcement made possible with money from the Democrats’ Inflation Reduction Act, which became law in August 2022.

    The Congressional Budget Office in 2022 estimated that the tens of billions of new IRS funding provided by the IRA would increase revenues by $180.4 billion from 2022 to 2031. The IRS now says that if IRA funding is restored, renewed and diversified, estimated revenues could reach as much as $851 billion from 2024 to 2034.

    Administration officials are using the report to promote President Joe Biden's economic agenda as he campaigns for reelection — and as the IRS continually faces threats to its funding.

    “This analysis demonstrates that President Biden’s investment in rebuilding the IRS will reduce the deficit by hundreds of billions of dollars by making the wealthy and big corporations pay the taxes they owe," National Economic Adviser Lael Brainard said in a statement.

    “Congressional Republicans’ efforts to cut IRS funding show that they prioritize letting the wealthiest Americans and big corporations evade their taxes over cutting the deficit," Brainard said.

    The Inflation Reduction Act gave the IRS an $80 billion infusion of funds. However, House Republicans built a $1.4 billion reduction to the IRS into the debt ceiling and budget cuts package passed by Congress last summer. A separate agreement took an additional $20 billion from the IRS over the next two years to divert to other non-defense programs.

    Since then, the agency has tried to show how it is spending the money it has left, in hopes of stemming the cuts. New customer service improvements rolled out as the tax season began Jan. 29, and earlier this month the IRS announced that it had recouped half a billion dollars in back taxes from rich tax cheats.

    Rep. Jason Smith, the Republican chairman of the House Ways and Means Committee, said in a statement that the report “calls for even more IRS funding, uses pie-in-the-sky numbers, all without being straightforward about where the burdens of massive new enforcement efforts will fall." He said increased funding will inevitably result in hundreds of thousands of additional audits for taxpayers making less than $75,000.

    After the IRA was signed into law, Treasury Secretary Janet Yellen directed IRS leadership not to increase audit rates on people making less than $400,000 a year annually.

    Ensuring that people actually pay their taxes is one of the tax collection agency’s biggest challenges. The audit rate of millionaires fell by more than 70% from 2010 to 2019 and the audit rate on large corporations fell by more than 50%, Treasury's Deputy Assistant Secretary for Tax Analysis Greg Leiserson told reporters. IRA funding "is enabling the IRS to reverse this trend,” Leiserson said.

    The tax gap — which is the difference between taxes owed and taxes paid — has grown to more than $600 billion annually, according to the IRS.


    Nothing like motivating large corporations and the wealthy to donate untold sums to your opponent and their super PAC. Way to go Brandon!
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  • mickeyratmickeyrat Posts: 38,586

     

    IRS launches crackdown on 125,000 wealthy ‘non-filers’

    Internal Revenue Service Commissioner Danny Werfel testifies during a House Ways and Means Committee hearing on Capitol Hill Thursday Feb 15 2024 in Washington AP PhotoMariam Zuhaib Internal Revenue Service Commissioner Danny Werfel, testifies during a House Ways and Means Committee hearing on Capitol Hill, Thursday, Feb. 15, 2024, in Washington. (AP Photo/Mariam Zuhaib)
    Updated 5:27 PM EST, February 29, 2024

    WASHINGTON (AP) — The IRS plans to go after 125,000 high-income earners who did not file tax returns going back to 2017 — and the agency says hundreds of millions of dollars of unpaid taxes are involved in these cases.

    Beginning this week, the IRS will start sending out noncompliance letters to more than 25,000 people who earn more than $1 million per year and 100,000 people with incomes between $400,000 and $1 million who failed to pay their taxes between 2017 and 2021.

    The campaign announced Thursday is part of the agency’s ongoing effort to pursue high wealth tax cheats — mandated in part by funding provided through Democrats’ Inflation Reduction Act passed into law in 2022 and a directive from Treasury Secretary Janet Yellen to IRS leadership not to increase audit rates on people making less than $400,000 a year annually.

    “When people don’t file a tax return they’re required to, it’s not fair to those hardworking taxpayers who responsibly do their civic duty under the laws of our nation,” IRS Commissioner Daniel Werfel told reporters Thursday morning.


    continues....


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    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
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  • mickeyratmickeyrat Posts: 38,586
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
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