Abolish Income Taxes? Idea Gains Some Traction in Congress
House Republicans recently introduced “Fair Tax” legislation that will likely stall in the Senate.
Mainstreet Fairness Act
As U.S. Hits Debt Limit, Treasury Starts “Special Measures”
The Treasury Department is beginning the use of special measures to avoid a U.S. payments default, after the federal debt limit was reached Thursday.
New GOP Congress Passes Bill Erasing $71 Billion of IRS Funding
Those who supported the original funding bill say the increase will help the agency increase collections on existing tax laws, and therefore increase revenue, by ...
Congress Wants a Refund: Votes to Delete Most of $80 Billion Boost in IRS Funding
The bill had been a 2022 campaign priority for most GOP Congressional candidates, but to take effect, it would need to next pass in the ...