Posts tagged Inflation Reduction Act

    Report Shows Corrupt IRS Employees Typically Keep Their Jobs. Some Even Get Promoted.

    August 10, 2022 // But that’s precisely what the Internal Revenue Service did, according to a recent Treasury investigation. Between 2004 and 2013, the agency continued to employ, and even promote, nearly 1,000 employees who willfully lied on or failed to pay their own personal taxes. Unfortunately, there’s no marketplace for tax collection and enforcement, so taxpayers can’t simply take their business elsewhere. IRS employee tax compliance is an important component of the public’s trust in the IRS. That’s why there’s a special provision—Section 1203 of the IRS Restructuring and Reform Act of 1998—that specifies termination for any IRS employee found guilty of willful violations of tax law. The IRS commissioner, however, has the final say and can “mitigate” violations to a lesser penalty. First-Time Homebuyer Tax Credit, non-tax compliance, tax collector,

    Labor unions run full court press in favor of Democrats $739B Inflation Reduction Act

    August 9, 2022 // Labor union bosses have praised the legislation as a big win for their members. The AFL-CIO is particularly pleased with the hundreds of billions of dollars the bill directs to climate-related initiatives. "These provisions dramatically lower the cost of clean energy, positioning the U.S. to make deep carbon emissions reductions while preserving and creating millions of jobs, with an especially big boost to manufacturing," said AFL-CIO President Liz Shuler. "Importantly for fairness and diversity, it pushes investment to fossil fuel and underserved communities. While the 'union bonus' incentives we advocated for were not included, the bill retains provisions that strengthen prevailing wage, apprenticeship and domestic content standards throughout."