IRS

Former President Donald Trump, who made his fortune as a real-estate magnate, is tapping into that background to chart America’s future. While making his third run for the U.S. presidency, Trump released a proposal that fell outside of conventional campaign rhetoric. If elected, Trump says his plan would propel the nation into a new era of economic development, innovation and...

Ron DeSantis said if he’s elected president, he’ll look to eliminate four major federal agencies. And he’s got a Plan B if he can’t get rid of them. In an interview with DeSantis on June 28, Fox News anchor Martha MacCallum asked the Florida governor, “Are you in favor of eliminating any agencies? I know conservatives in the past have...

Even after being indicted in two separate criminal cases, former President Donald Trump has maintained a commanding lead over his Republican rivals in national polls of registered voters. But those same polls are showing that if Trump were to run head-to-head against the presumed 2024 Democratic nominee, President Joe Biden, the two candidates would be in a statistical dead heat....

MBisanz/Wikimedia Commons The Internal Revenue Service has long been used as a tool by tyrants to threaten and/or intimidate those perceived by the powers that be to be a threat to their agenda. Two recent letters from Rep. Jim Jordan (R-Ohio), chairman of the House Committee on the Judiciary and its Select Committee on the Weaponization of the Federal Government,...

Recent Internal Revenue Service data showing a net loss of more than 425,000 people between 2021 and 2022 indicates California is losing residents to states with lower or no income tax, according to a Chapman University professor. “We are losing more of the high-income earners than the low-income earners, and it’s an increasing proportion of the total loss,” Jim Doti,...

Bill Oxford/iStock/Getty Images Plus At least a tenth of all federal Covid-19 relief spending — and possibly much more — was lost to either waste or fraud in what the Associated Press calls “the greatest grift in U.S. history.” The news agency reports: An Associated Press analysis found that fraudsters potentially stole more than $280 billion in COVID-19 relief funding;...

While federal stimulus checks ended several years ago, some states have continued to provide assistance to residents in the form of tax rebates or so-called “inflation relief” payments. In context of such payments, the Internal Revenue Service (IRS) issued clarification earlier this year that most relief checks issued by states last year aren’t subject to federal taxes and so for the...

Democrats have introduced a bicameral proposal to overhaul the debt ceiling process, leaning heavily into the recent default scare to push a bill that would essentially let Treasury ignore the debt cap and continue writing cheques with no limit. The Debt Ceiling Reform Act, introduced jointly on Friday by Rep. Brendan Boyle (D-Pa.) and Sen. Dick Durbin (D-Ill.), authorizes the...

A new agreement, which should be ratified by Congress, will avert a financial crisis. And it puts President Joe Biden in a position of strength for 2024. The president promised not to negotiate under threat, but everyone knew he was going to have to make some concessions to the Republican majority in the House of Representatives. What they didn’t know...

President Joe Biden signed the Fiscal Responsibility Act on Saturday, suspending the debt ceiling for 19 months and bringing a monthslong political battle to a close. The compromise legislation negotiated by Biden and House Speaker Kevin McCarthy (R-Calif.) passed both houses of Congress with bipartisan support this week, averting a potential default on the nation’s financial obligations. “Passing this budget...

The U.S. debt ceiling agreement established by President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) during the Memorial Day long weekend cleared a critical hurdle that will allow House lawmakers to vote on the deal. The House Rules Committee passed it with a vote of 7 to 6, advancing the debt limit bill—the Fiscal Responsibility Act—to the congressional floor...

Two suspected Chinese agents were recently indicted for attempting to bribe a public official with tens of thousands of dollars in a scheme targeting the persecuted faith group Falun Gong in the United States. John Chen, a 70-year-old U.S. citizen born in China, and Lin Feng, a Chinese citizen aged 43, were trying to get a Falun Gong-run entity stripped...

The U.S. dollar is becoming increasingly sidelined as the prospect of losing its status as the global reserve currency looms larger, warns Alex Newman in this episode of Liberty Hour on American Media Periscope (AMP). But there are ways to protect yourself and the nation as well. Alex’s first guest, Economic War Room host Kevin Freeman, explains the foreign and...

Sen. Lindsey Graham (R-S.C.) warned House Speaker Kevin McCarthy (R-Calif.) that China would be the beneficiary of the U.S. defense budget proposed in the tentative debt ceiling deal. “I respect Kevin McCarthy. I want to raise the debt ceiling. It would be irresponsible not to do it. I want to control spending. I’d like to have a smaller IRS. I’d...

President Joe Biden championed the new bipartisan budget agreement to avoid a default on the national debt, saying it “prevents the worst possible crisis.” The administration and House Republican leaders looked to garner support for a tentative deal to increase the country’s borrowing limit amid ballooning government debt following weeks of intense negotiations. Following the announcement that both sides reached...

Florida Gov. Ron DeSantis called IRS a “corrupt organization” and said he would welcome a bill abolishing the agency if elected president in 2024. DeSantis made the comments during an interview with conservative radio host Dana Loesch on May 25, a day after the governor announced his White House bid on Twitter. “If Congress defunded the IRS and sent such...

Commentary The Chinese Communist Party (CCP) is steeped in numerology as it seeks to convey legitimacy by merging traditional Chinese lucky numbers with crackpot communist policies imposed on the unsuspecting Chinese people. The communists seek to capitalize on the Chinese belief that lucky numbers are associated with good fortune, thus emphasizing certain numbers in promulgating policies. The CCP is particularly...