SNOOP Act would strike the Biden Administration’s intrusive American Rescue Plan provision requiring thousands of small businesses to provide their personal information to the IRS WASHINGTON—United States Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, has led a group of Republican senators in reintroducing the Stop the Nosy Obsession with Online Payments, or SNOOP, Act, a bill … Continue reading Hagerty, Colleagues Reintroduce Legislation to Reverse IRS Snooping of Third-Party Payment Platforms
Category: Taxation
Alan DiPietro is an alpaca farmer in the town of Bolton, Massachusetts (pop: 5,376). He lives in an RV on the 34-acre property where he keeps his alpacas, and he sells their fleece to make a living. DiPietro wasn’t always a farmer. He previously worked as a chief engineer for iRobot, a company that makes … Continue reading How a Massachusetts Town Seized a Farmer’s $370k Property to Cover a $60k Tax Debt—and Kept the Change
A total of 18 Republicans joined all Senate Democrats to pass a $1.85 trillion omnibus spending bill Thursday afternoon, in the final two weeks in which Democrats control the House of Representatives. The bill passed 68-29. Since there are 47 Democrats in the Senate and three independents who caucus with Democrats, that means 18 Republicans voted to … Continue reading ‘Stunning Act of Betrayal’: Here Are the 18 Senate Republicans Who Voted to Pass $1.85 Trillion McConnell-Schumer Omnibus Bill
The House of Representatives voted 225 to 201 to pass the $1.85 trillion omnibus spending bill on Friday afternoon. This comes a day after the Senate voted 68-29 for the legislation, meaning that the bill will end up on President Joe Biden’s desk for his signature. Nine Republicans voted in favor of the omnibus bill … Continue reading These 9 House Republicans Vote for Omnibus Spending Bill
Today, in its official re-estimate of the President’s FY23 budget – which is a blueprint for the Biden Administration’s plans for the country and the policies Washington Democrats have been pursuing for the past two years – the Congressional Budget Office confirmed that the proposed levels of spending, debt, and taxes in the President’s Budget … Continue reading Nonpartisan Analysis Confirms Biden’s Agenda Will Worsen Economic Crisis Caused by Democrats’ Failed Policies
Legislation would codify Crapo amendment to prevent IRS funding from targeting Americans earning below $400,000 Washington, D.C.--U.S. Senate Finance Committee Republicans, led by Ranking Member Mike Crapo (R-Idaho), introduced a bill to prevent the Internal Revenue Service (IRS) from using its massive, $80 billion infusion of taxpayer dollars to squeeze more revenue out of American taxpayers who … Continue reading Finance Committee Republicans Introduce Bill to Protect Middle Class, Small Businesses from Supersized IRS
Joe Biden is expected to sign Democrats’ inflation scam bill today. In doing so, Biden is breaking one of his core campaign promises: not raising taxes on anyone making less than $400,000 a year. According to the nonpartisan Congressional Budget Office, Democrats’ so-called Inflation Reduction Act will create an additional $20 BILLION in new taxes on middle-class … Continue reading Senate Dems’ New Big-Government Bureaucrats Will Target Working Families
House Budget Committee Republican Leader Jason Smith (MO-08) issued the following statement today after the Congressional Budget Office (CBO) confirmed this morning that a sizeable portion of the supposed savings from expanded IRS enforcement – at least $20 billion – in the Democrats’ Inflation Act will come from increased audits on Americans making less than … Continue reading CBO Confirms Democrats’ Plan for More IRS Audits Will Hit Americans Earning Less Than $400,000
The Joint Committee on Taxation (JCT) has confirmed that $10.6 billion in tax increases from the Democrats’ Inflation Act will hit families making less than $200,000. JCT’s analysis looked at the distributional impact of the non-Obamacare related tax provisions, including $362 billion worth of tax increases and hundreds of billions worth of Green New Deal tax subsides. … Continue reading Nonpartisan Tax Scorekeeper: Democrat Inflation Act Hits Families Making Under $200,000 with $10.6 Billion Tax Hike
U.S. Senate Republican Leader Mitch McConnell (R-KY) delivered the following remarks today on the Senate floor regarding Democrats’ Reckless Taxing and Spending Spree: “Democrats want to pass huge, job-killing tax hikes in the middle of a recession they created. “Hundreds of billions of dollars in new taxes on American jobs, American manufacturing, American electricity, and … Continue reading Democrats Tax Working Families’ Gas and Electricity to Subsidize Luxury Shopping for the Wealthy
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