The IRS is embarking on a 10-year, $80 billion makeover to focus on people making more than $400,000 a year, especially those with the most complicated returns and have more avenues for cheating. The agency plans to hire a lot more auditors and lawyers to make sure that wealthy people pay the taxes they owe.
The Democratic Party’s achievements in the present federal administration signal the successful execution of their vision for the federal government, but whether they are enough is yet to be seen. The centrist wing of the party and their negotiations with Joe Manchin and Kyrsten Sinema emphasize the political reality of the party's position.
As the Biden team prepares for the re-election in 2024 by curbing ticket master fees and fixing traffic lights, political analysts believe that DeSantis may face challenges over his past vote for entitlement reform in a Paul Ryan budget. The president's recent comments suggest that cutting major cost obligations may become a serious issue.
As the Republican minority leader in the state legislature, Kevin McCarthy was popular and outgoing, but now faces opposition from the hard right faction of his party as he tries to become Speaker of the House.
This podcast discusses the long-term financial issues facing the United States, including the potential bankruptcy of publicly funded programs like social security and Medicare and the need for federal money to bail out private industries. The State of the Union address highlights these issues, including the Republican desire to cut social security and Medicare benefits.
Despite initial opposition from some Republicans, the Solid Start Bill, aimed at helping veterans transition back to civilian life, has been passed and will be signed into law by the president.