Rep. Barry Moore (AL-02) joined his colleagues to introduce the IRS PRIORITIES Act to demand the IRS address the staggering backlog of over 8 million unprocessed tax returns. The bill would also bar the IRS from hiring any new enforcement officers until the backlogs of the past two years are processed. “President Biden clearly does not have … Continue reading House members fight against IRS backlogs for American taxpayers
Category: Taxation
The Congressional Budget Office (CBO) responded to a request from Republican Members of the Senate Finance Committee for information about budgetary effects of the high and rising inflation that continues to hammer American households. According to the CBO, inflation and accompanying higher interest rates stemming from inflation further erode the fiscal position of the United States, including adding to … Continue reading Nonpartisan CBO: Inflation Jeopardizes Americans’ Fiscal Position
State-authorized sales of retail marijuana products have yielded more than $10 billion in new tax revenue, according to an analysis compiled by the Marijuana Policy Project. “Legalizing cannabis for adults has been a wise investment,” authors of the report concluded. “Since 2014 when sales began in Colorado and Washington, legalization policies have provided states a new revenue … Continue reading Analysis: Adult-Use Marijuana Sales Yield Over $10 Billion in New Tax Revenue
House Budget Committee Republican Leader Jason Smith (MO-08) and House Science, Space, and Technology Committee Republican Leader Frank Lucas (OK-03) slammed House Democrat leadership for their continued efforts to thwart transparency and pass legislation without the American people knowing its true cost. In a letter to House Speaker Nancy Pelosi and House Majority Leader Steny … Continue reading Smith, Lucas Pull Back Curtain on House Democrats’ Repeated Attempts to Hide the Cost of Their Agenda from the American People
House Budget Committee Democrats led a hearing titled “Why Congress Should Abolish the Debt Limit.” House Democrats, including Majority Leader Steny Hoyer (MD-05) and House Budget Committee Chairman John Yarmuth (KY-03), repeatedly voiced their support for eliminating the debt limit. This would effectively pave the way for Congress to engage further in massive deficit spending, … Continue reading House Budget Republicans Call out Wasteful Washington Spending, Record Inflation, and Hypocrisy at Democrat Hearing on Abolishing Debt Limit
This week, Senator Maggie Hassan (D-NH) unveiled a bill to suspend the gas tax for the remainder of the year – a good thing if it wasn’t so blatantly two-faced. Maggie Hassan has been an outspoken champion of gas tax hikes dating back to her time as New Hampshire governor when she signed into law a massive 23% increase … Continue reading Desperate Maggie Hassan Blatantly Flip Flops on Gas Tax
Senate Republicans, led by Finance Committee Ranking Member Mike Crapo (R-Idaho), are urging the Internal Revenue Service (IRS) to do everything it can to support taxpayers during the current tax filing season. In a letter to Treasury Secretary Janet Yellen and IRS Commissioner Chuck Rettig, the senators press the agency to provide taxpayers with targeted, … Continue reading Republicans Urge IRS to Provide Maximum Taxpayer Support During Difficult Filing Season
With inflation running rampant—and threatening to worsen as Washington seeks to advance more reckless spending programs—Americans for Prosperity is announcing a new six-figure campaign calling for accountability for trillions in reckless spending. The ads highlight the empty promises and damaging results of the American Rescue Plan Act (ARPA), which pushed inflation into overdrive and failed … Continue reading AFP Releases New Targeted Ad Campaign Holding Lawmakers Accountable for Reckless Spending and Historic Inflation
Republican members of the Senate Finance Committee, led by Ranking Member Mike Crapo (R-Idaho), urged Senate colleagues to reconsider efforts to implement a tax on financial statement income of U.S. companies, or a “book minimum tax,” detailing the problematic and unaddressed issues that have resulted from such proposals in the past. As the senators note, … Continue reading Finance Committee Republicans: Congress Should Close the Book on the Failed Book Minimum Tax
Ranking Member Blaine Luetkemeyer (R-MO) released the following statement on Treasury Secretary Janet Yellen’s continued violation of the Consolidated Appropriations Act of 2021: “Now that Paycheck Protection Program (PPP) loan forgiveness is well underway, Congress must study the effectiveness of the program. This requires on the record conversations with the Treasury Secretary regarding the role … Continue reading Biden Treasury Secy defies federal law, refuses to testify on fraud-riddled program
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