U.S. News

Lerner, Paz say they fear physical harm from enraged public, want IRS testimony sealed permanently

(Washington Times)  Former IRS executive Lois G. Lerner told a federal court last week that members of her family, including “young children,” face death threats and a real risk of physical harm if her explanation of the tea party targeting scandal becomes public. Ms. Lerner and Holly Paz, her deputy at the IRS, filed documents […]

Business U.S. News

Here’s how the GOP wants to overhaul the tax system – CNBC

(CNBC)  House Republicans unveiled their plan to overhaul the tax code on Thursday in what could be the biggest rewriting of the system in decades. For President Donald Trump, who has repeatedly pledged to slash taxes, passing the Tax Cut and Jobs Act would give him his first major legislative win of his administration. As […]

U.S. News

Ex-Trump aide Manafort charged with US tax fraud over Ukraine work – BBC News

  (BBC News)  Donald Trump’s former presidential campaign manager, Paul Manafort, has been charged with conspiring to defraud the US in his dealings with Ukraine. The 12 charges brought against Mr Manafort and one of his business associates, Rick Gates, include conspiracy to launder money. They stem from an inquiry into alleged Russian meddling in […]

U.S. News

House passes $4T budget in step forward for Trump tax plan – AP News

WASHINGTON (AP) — The House on Thursday gave a significant boost to President Donald Trump’s promise to cut taxes, narrowly passing a GOP budget that shelves longstanding concerns over federal deficits in favor of a rewrite of the tax code that Republicans promise will jump-start the economy. The 216-212 vote permits Republicans to begin work […]

U.S. News

Mnuchin Wants “Very Significant” Tax Reform by August Recess – CNBC

U.S. Treasury Secretary Steven Mnuchin said on Thursday that he wants to see “very significant” tax reform passed before Congress’ August recess and that the Trump administration was looking closely at border tax issues. “We are committed to tax reforms … We want to get this done by the August recess.” Mnuchin told CNBC, in […]

U.S. News

Under Trump’s Direction, the IRS Basically Just Killed Obamacare

(ANTIMEDIA) Earlier this month, the IRS made a seemingly insignificant change to its policy, undermining the Obamacare mandate in a very significant way. For the last several years, individual filers were required by law to fill out line 61 of form 1040, which indicates whether you have maintained coverage or paid the penalty. This is otherwise […]