justice department and the i.r.s. we're going to tell you why plus as the vaccination drive continues into the summer we'll take a look at the state of global travel and later reports show a record number of job openings in the united states business is a shortage of workers will go over those causes we have a packed show today so let's dive right in. and the day after the coup. pipeline shutdown was corrected thanks in part to a $5000000.00 ransom paid in crypto currency the i.r.s. and department of justice are now cracking down on one of the largest crypto exchanges in the world by an ins as part of the inquiry the officials who probe money laundering and tax offenses have sought information from individuals with insight into buying its business this investigation comes after germany's red financial regulator last month warned that by nance risked being fined for offering its securities tracking digital tokens without publishing an investor prospectus joining the justice to bust co-host an investigative journalist a

justice department and i.r.s. will tell you why plus as the vaccination drive continues into the summer take a look at the state of global travel and later reports show a record number of job openings in the united states as businesses face a shortage of workers will go over the car with a pack show today let's dive right in. and the day after the colonial pipeline shutdown was corrected thanks in part to a $5000000.00 ransom paid in crypto currency the i.r.s. and department of justice are now cracking down on one of the largest crypto exchanges in the world by nantz as part of the inquiry the officials who probe money laundering and tax offenses have sought information from individuals with insight into buying its business this investigation comes after germany's red financial regulator last month warned that by nance risked being fined for offering its securities tracking digital tokens without publishing an investor prospectus joining. us cohost an investigative journalist and he is a crypto analyst at a good g

yes so what it really comes down to is is that are going to justice and i.r.s. are looking at finance and they're trying to determine whether or not and these are the words that are used whether or not americans have been allowed to make illegal trades on the platform letting them buy derivatives that are linked to digital tokens essentially by nance's not allowed to allow americans to purchase those tokens or those derivatives that are based on digital tokens are not allowed to do that now by now for their part says we don't allow them to do that right we actually block someone who's a u.s. citizen from being able to do this and this goes back a couple years that this is been happening but the department of justice and the i.r.s. are saying we don't believe that you're doing that so we need to be able to see your books we need to know more about your customers and who's there to be honest with you i don't really believe that department of justice and i.r.s. are being completely honest about what they're doing here i think this is a a larger scale operation to s

issue right the reason the i.r.s. is having to serve a john doe summons on cracking is because they're saying hey we want to monitor exactly who is on your exchange and how much they have been what are they doing with it when are they buying one of these selling who are they trading with right they want to know all these things well the fact is if you don't utilize an exchange and you simply hold your tokens or coins in a cold storage wallet that's off of an exchange the iris has no access to it they don't even know how much you have or where it is that's that's actually what's supposed to be happening with the crypto world and it doesn't happen we are now moving much more into the world of the bank hold it for you will in that case why bother having crypto at all that's the point that's an excellent point as well ok now we've started out by talking about coyne i know we've talked about a theorem in the past and now ben to the point there has been a huge amount of growth for other r. koreans like joe's point this year

issue right the reason the i.r.s. is having to serve a john doe summons on cracking is because they're saying hey we want to monitor exactly who is on your change and how much they have been what are they doing with it when are they buying one of these cell and who are they trading with right they want to know all these things well the fact is if you don't utilize an exchange and you simply hold your tokens or coins in a cold storage wallet that's off of an exchange the iris has no access to it they don't even know how much you have or where it is that's that's actually what's supposed to be happening with the crypto world and it doesn't happen we are now moving much more into the world of the bank hold it for you will in that case why bother having crypto at all that's the point that's an excellent point as well ok now we've started out by talking about bitcoin i know we've talked about a theorem in the past and now and to the point there has been a huge amount of growth for other r. koreans like coined this year and

issue right the reason the i.r.s. is having to serve a john doe summons on cracking is because they're saying hey we want to monitor exactly who is on your exchange and how much they have been what are they doing with it when are they buying one of these selling who are they trading with right they want to know all these things well the fact is if you don't utilize an exchange and you simply hold your tokens or coins in a cold storage wallet that's off of an exchange the iris has no access to it they don't even know how much you have or where it is that's that's actually what's supposed to be happening with the crypto world and it doesn't happen we are now moving much more ends of the world of let a bank hold it for you will in that case why bother having crypto at all that's the point that's an excellent point as well ok now we've started out by talking about bitcoin i know we've talked about a theorem in the past and now bent it up point there has been a huge amount of growth for other r. koreans like coined this ye

for the 1st time a federal court has given the i.r.s. permission to seek the identities of cryptocurrency users in a new way they will be authorized to serve a john doe summons in order to force a popular crypto exchange to turn over information on its users this week ben's wanting kristie i discussed the dangerous precedent this ruling sets and why it highlights the importance of truly owning your crypto. essentially what they're saying to crack it is turn over all of your information on these users show was their financial history show us what they've been doing because they owe us money and we're coming to get that money it's something that you got to say it again rachel i've been warning about this for a long time but it's on its way that the i.r.s. will crack down and unfortunately i think there's a lot of crypto users who if crack and goes along with this and i believe that they will that ultimately that those users are going to be hurt tremendously by this because of the fact that the u.s. government can't figure out what crypto i

jen: today treasury and the i.r.s. announced that starting in july the american rescue plan will deliver crittal tax relief to middle class and hard-pressed working families with children. the first monthly payments of the expanded child tax credit will be made on july 15 to 39 million households, covering more than 88% of children in the united states. these payments will be made on the 15th of each month until the 15th falls on a weekend or holiday, allowing families to receive the credit by direct deposit to plan their budgets. eligible families will receive a monthly payment up to $300 a month for each child under the age of 6 and $250 for each child age 6 until they turn -- over age of until the year they turn 18. more than 80% of the 39 million households by direct deposit to ensure safe and fast deliverry. only other item for the top, today we recognize -- join the international community in recognizes the international day against homephobia, transphobia and biphobe yeah. the biden-harris community will always

show you can't afford to mess i'm rachel robinson washington coming out of federal court rules the i.r.s. has the power to force a tough pill currency exchange to turn over your information when taxes are due so who will be in profit and what does that mean to your account what european union could be the next one she waved intellectual property rights great stock seen as india's covert crisis continues then. reserve officials say they are not worried about inflation and they have only rising prices will only last as long as the toilet paper shortage of $22.00. money will discuss it all next we have a lot to get to so let's get started. it's a ruling that no person who uses cryptocurrency wants to hear a federal court has given the i or us permission to seek the identities of taxpayers who buy and sell crypto the ruling allows the i.r.s. to serve a john doe summons on the crypto exchange crack in seeking the identities of its users a spokesperson for the justice department describe.

if there's no legitimate reason for the i.r.s. to have certain information, then the i.r.s. shouldn't collect it. it makes sense. the prior administration had the i.r.s. stop blanket collection of nonpublic information about citizens who make non -- i repeat nontax deductible contributions to certain organizations. contributions to 501c-4 organizations are not tax deductible. the i.r.s. doesn't need these details just for kicks and giggles. but now democrats' political takeover bill would roll back this step and open new fronts in the far-left war on privacy and free speech. s. 1 would narrow the protection of the first amendment and empower feds to track the speeches of americans. this would essentially make washington democrats the board of elections for every county and state in america. i guess somehow maybe that wasn't enough. well, i worked with my colleague from indiana, senator braun, to nip one part of this nonsense right in the bud. our bill would codify the ill bill issued by the last administration. americans would remain free from a federal dragnet collecting pr

a lot of talk what the i.r.s. will look like down the road. the white house says it can offset so much of this spending by taxing both wealthy americans and corporate america. that where we see the pushback. it is not the right time now to raise taxes. the debate will go on after the president releases the budget later today. >> president >> harris: oh, you think? you can win this one. you get the money. i want to bring in now marc thiessen "washington post" columnist and fox news contributor. i have been reading a little bit about what you write. you're prolific. why is it that you say, marc, this is even worse than what we've already seen reported about biden's budget? >> first of all $6 trillion would be the largest level of spending since world war ii as a share of the economy. as you pointed out it doesn't include the $3 trillion for mandatory spending for social security and other things. but the other thing it doesn't include that's nowhere in this budget biden's public option. during the campaign he proposed $1.4 trillion plan to creat

ongoing mission to countered china at sea then boom bust has the latest on the new powers given to the i.r.s. and its fight to find out just how much you made off of cryptocurrency 1st year let's get started. with students.

mission to counter trainer at sea and then boom bust has the latest on the new powers given to the i.r.s. and its fight to find out just how much you made off of cryptocurrency this year let's get started. billionaire entrepreneur kevin o'leary is known for his time as mr wonderful on the hit show shark tank where he shares his love of making money and appreciating a nice glass of wine but like every investor he had to start somewhere well this week i'm dennis miller plus one o'leary shared how the advice who late mother gave him early on still plays a role in his career today. my dad my step dad lives in switzerland and he's really was was into winds when i was a teenager and he started teaching about the different varietals burgundies porto's of the r.c. region the italians you know the cabin a mosquito all of these different you know i just learned in europe people are uptight you know kids drink wine water with water when they're 7 years old that's just how they do in switzerland and so you learn early on and i've learned how to blend in so you know i finally when i was very fortunat

show you can't afford to miss i'm rachel robinson washington coming out of a federal court rules the i.r.s. has the power to force the go currency exchange.

starts with a tax system that we wouldn't even know there's this racially disparate impact because the i.r.sd publish statistics by race. so, i became a detective of sorts anlooked for research, looked for other disciplines to basically show how tax law subsidizes white americans wle disadvantaging black americans when we engage in the same activities. >> sreenivasan: for example, marriage: how is it different by race? >> white americans are more likely to have one single wage earner with the other spou staying at home. black americans are more likely to have two eql wage earners contributing roughly the same amount. tax law gives the single wage earning household a tax cut. but the other household, with two full time workers contributing equal amounts, they don't get a tax cut. and for decades they paid higher taxes. called the marriage penalty. >> sreenivasan: one of the largest sources of wealth in america has been the ability to own real estate and profit from it, but you say that that breaks down differently when it comes to black americans and white amicans. >> the majority of white am

saying i'm not saying much well there i'm paying my fair or there is a lot of people i said the the i.r.s. doesn't go after them because it's too expensive they got but these people have very good lawyers and they'll be dragged out of the courts i mean this is not just their heirs of a. i think when you start calling the rich evil in the or developing wonderful i think that's a bad thing i think we need to unify the country not be trite yeah well i wonder in a yes another yeah but the system that we have here is creating a new serfdom that's what i'm terrified of here you know what i know there are a lot of people who have power with impunity and and it's the weakest of us that are losing left and right ok the good thing that i'm happy about is with the end of these lockdowns you're seeing a lot of dynamic economic growth that is very good and we need to encourage it here d. go ahead and jump in before we went out of time and i just totally disagree with what he said when you have 5 percent of the population controlling 90 percent of the wealth i mean what do you expect they have the mone

show you can't afford to miss i'm rachel robinson washington coming out of federal court rules the i.r.s. has the power to force it to go currency exchange to turn over your information when taxes are due so who will be in top it and what is on the into your account plus here in union could be the next one to waive intellectual property rights greats not keen eyes of india's covert crisis continues then. reserve officials say they are not worried about inflation and they believe rising prices will only last as long as the twilight paper shortage of food.

a federal court rules the i.r.s. has the power to force states to go currency or change to turn over information when taxes are due so who will be impacted and what does that mean for your town plus the european union could be the next one to lose weight intellectual property rights great stock screens india's covert crisis continues then.

show you can't afford to miss i'm rachael love and in washington coming up a federal court rules the i.r.s. has the power to force a bill currency exchange to turn over your information when taxes are due so who will be impacted and what does that mean for your account plus the european union could be the next one to waive intellectual property rights great stock seen as india's covert crisis continues then. federal reserve officials say they are not worried about inflation and maybelline.

justice department and i.r.s. we'll tell you why plus as the vaccination drive continues into the summer we'll take a look at the state of global travel and later reports show a record number of job openings in the united states as businesses face a shortage of workers we'll go over the cogs with a pack show today flood style.

talking about johns for all the weird to be actually are right now but you know you've got to do the i.r.s. and i don't know much gotta have some commerce in or. i like it bad honest to gosh i'm not feigning that i always thought. good for him and he knows that his mark is made and all he does a stays a little true and manderlay to his proletariat roots because nobody wants to watch him go posh that would be a get a bridge too far so that's what i dig about cain is yeah he'll knock it out of the park when he's got to go up one on one against the living and sloth but left to us on the vices he'll get out there make the checks a good for him i'm enjoying my dad so i get a light and you can see what an agile intellect that is he's an actor writer director best known for his role in that odd couple with matthew perry tom co-wrote the film series night at the museum he's written a bunch of things and i like tax excuse me but the novel young adult novel series the latest one is ronin boyo into the strange place which is a killer title by the way it's a new york post headline title and it will be

talking about john's for all the weird we actually are right now but you know you've got to do the i.r.s. a titled mom's gotta have some commerce in or i like it bad honest to gosh i'm not feigning that i always thought. good for him that he knows that his mark is made and all he does a stays a little true and manderlay to his proletariat roots because nobody wants to watch him go posh that would be a get a bridge too far so that's what i dig about kay says yeah he'll knock it out of the park when he's got to go up one on one against the living and slow but left to us on the vices he'll get out there make the checks a good for him i'm enjoying my dad so i get a light and you can see what an agile into like that is he's an actor writer director best known for his role that odd couple with matthew perry tom co-wrote the film series night at the museum he's written a bunch of things and i like tax excuse me but there is going to be a novel young adult novel series the latest one is ronin boyo into the strange place which is a killer title by oh it's a new york post headline title and it wil

here talking about just for all the weird reaction we are right now but you know you gotta do the i.r.s. and my digital comics gotta have some commerce in or i like it bad honest to gosh i'm not feigning that i always thought. good for him that he knows that his marcus made and all he does a stays a little true in the under later was proletariat roots because nobody wants to watch him go posh that would be a get a bridge too far so that's what i dig about kate is yeah he'll knock it out of the park when he's got to go up one on one against the living and sloth but left to us on the vices now get out there make the checks a good for him i'm enjoying my dad so i get a light and you can see what an agile intellect that is he's an actor writer director best known for his role in that odd couple with matthew perry tom co-wrote the film series night at the museum he's written a bunch of things that i like tax excuse me but it's got a novel young adult novel series the latest one is ronan boyle into the strange place which is a killer title by the way it's a new york post headline title and it

talking about john's for all the weird we actually are right now but you know you've got to do the i.r.s. a title nominee got have some commerce in or. i like it bad honest to gosh i'm not feigning that i always thought. good for him and he knows that his marcus made and all he does a stays a little true in the underlay to his proletariat roots because nobody wants to watch him go posh that would be a get a bridge too far so that's what i dig about cain is yeah he'll knock it out of the park when he's got to go up one on one against the living and slow but left to us on the vices he'll get out there make the checks a good for him have enjoy him a tad so i get a line and you can see what an agile intellect that is he's an actor writer director best known for his role in that odd couple with matthew perry tom co-wrote the film series night at the museum he's written a bunch of things and i like tax excuse me but it's got a novel young adult novel series the latest one is ronan boyle into the strange place which is a killer title by the way it's a new york post headlight title and it will b

jen: today treasury and the i.r.s. announced that starting in july the american rescue plan will deliver crittal tax relief to middle class and hard-pressed working families with children. the first monthly payments of the expanded child tax credit will be made on july 15 to 39 million households, covering more than 88% of children in the united states. these payments will be made on the 15th of each month until the 15th falls on a weekend or holiday, allowing families to receive the credit by direct deposit to plan their budgets. eligible families will receive a monthly payment up to $300 a month for each child under the age of 6 and $250 for each child age 6 until they turn -- over age of until the year they turn 18. more than 80% of the 39 million households by direct deposit to ensure safe and fast deliverry. only other item for the top, today we recognize -- join the international community in recognizes the international day against homephobia, transphobia and biphobe yeah. the biden-harris community will always

by i.r.s. i'm talking about, of course, the investigation, research specialists that right now the ratio is just not high enough for your agents. so tell me about that, and tell me if you can also add more people to the border, because sometimes we tend to send them to nice places, other cities, but they need to be at the border. and we need to fill the staffing. for example, the loretto area, one third of the -- we have about one third vacancy in the loretto area and you can look at the border area, other areas. so tell us about that and tell us also about immigration attorneys so the judges can do their job, the immigration judges. i know that chairman quigley is on working with them to get more court spaces because right now we have more judges than court spaces. so the judges are just basically hanging around for an open space. and i know chairman quigley is helping us with that. but we also need those i.c.e. attorneys. >> thank you, congressman. i think you're absolutely right. you know, o

exempt organizations engaged in political activity disclose information about their major donors to the i.r.swhile democrats -- some democrats are calling for an end to dark money both parties seem eager to use these contributions to further their agenda. a lot of money going on out there. >> julie: mark meredith. thank you. a new move in republicans push to hold democrats accountable after a top party member used a racial slur to describe senator tim scott and his own party refused to punish him. plus what's behind the weak jobs report as president biden ramps up his call for a massive tax and spend plan? larry kudlow with his thoughts joins us next. >> i'm wondering how self-inflicted this is given the fact that kids are not fully back in school. we still have a ton of restrictions. we were looking for a real strong report and this is missing the mark in a big way. refi right now. at home values are high while rates are low. newday lets you borrow all of your home's value. and you could take out $50,000 dollars or more. to prove our aa battery is the world's longest-lasting, we tested it ag

things like the i.r.s. for pete sake, maybe the u.s.l service who has an investigative arm we didn't even know about. this has the power to provide and be manipulated to give what the result is and the result is you've been watching, i know you know this. i have had multiple hearings on how conservatives are domestic terrorists. i think we've had five or six in the last two or three months. that's the narrative they want to craft. they aren't winning on policy but on this narrative. >> harris: would republicans quickly congressman come up with an idea to make the process more fair, to learn more about that date but to make it more fair away from those things that you say are happening to tilt it and turn it into a political advantage of a narrative for democrats? >> yeah, harris. i think we do. we would all want and welcome a fair, open investigation. don't forget multiple law enforcement agencies are investigating this and have arrested 400 or 500 people already. so it isn't like this is not being investigated. i think from a political

we do those two things, plus one more, and that is up the i.r.s.e in this country. those three things, and we would have about $6 trillion over 10 years, enough money to pay for president biden's infrastructure plan as he's laid it out, to pay fr his caregiving economy, as he's laid it out, and to have another $2 trillion left over. so there's a lot we can do on the revenue side. but just ask those at the top to pay a fair share, and help us make an investment in the rest of america. >> stephen: now, let's talk about the things that biden wants to use his tax policy to pay for. you ran as one of the more progressive presidential candidates. people were very excited about the plans you had, many of which are being echoed by the biden administration. are you surprised at how progressive the policies are that are being proposed by the president? >> oh, not surprised, delighted! this is the good news. you know, this is one of the best things-- i talk about this in the book-- putting out plans means they're there for everybody, and they're there for us

the i.r.s. needs the information from the tax returns to calculate and issue the monthly child tax credit payment. i will continue to fight for working families in congress so they keep their hard-earned money in their pocket, and every child has the means to achieve the american dream. thank you. i yield back. the speaker pro tempore: thank you. the chair now recognizes the gentlewoman from new york, for five minutes. >> thank you, mr. speaker. i rise today during national police week to thank and show support for our police officers, particularly the new york police department. it and also warn my colleagues of what happens when politicians think that they know how to do the job on the street better than our cops do. because i have seen it happen in new york city. i have seen the quality of life deteriorate, i have seen the skyrocket, and we must learn from what has happened here to mott make this mistake and adopt those policies on the federal level. miss malliotakis: this past week end we sa

in the journal this morning said biden spending binge is costlyer than average like the cost of the i.r.scosts around spending will be significant. markets likely will react as well. a saying on wall street that has been around for years that says sell in may and go away for the year. so far we have a nice little rally underway on wall street but as investors recognize the impact and unintended consequences of runaway spending and sky high taxes, we may very well see a reversal. that is something of a cycle that continues and can be an unintended consequence of all this. i will say this, nancy pelosi wants to see the families act and the infrastructure bill passed by august. if they don't have any support from republicans they may push it through reconciliation. i have one source on wall street who says he is expecting both of these plans to be merged together in may and june. we'll get the budget set by the house and senate committees in may and at that time we'll understand or have a better understanding whether or not the infrastructure plan and the family plan will be merged together

$27 million budget are the two lines associated with ongoing special tax collections, as well as the i.r.s. we have not included these in our budget because we are still having conversations with the controller's office on whether these should be included in the budget or should they be incorporated separately in a different part of the city's budget, because they are technically legal districts, and independent legal districts, there is a feeling we should not commingle them with the operating budget. those are ongoing conversations. just in case those conversations do end up incorporating these, i just wanted to provide a quick snapshot. as i mentioned earlier, it is a supplemental tax that is assessed on taxable properties. i mentioned a 100 and 10% coverage ratio and money previous presentation and to the extent that that coverage or these additional special taxes are not needed to pay for ongoing principal and interest payments on the debt, they can be set for, you know, other eligible costs. part of that can go to reimbursed tic for other costs that they have incurred to pay administ

if you had no focus on the right answer in what you paid the i.r.s. you will go to jail.ath. it's across the board. >> dana: young adults are going into the real world and don't know how to prepare for a job interview. mortgage, what is that? how do i manage my credit? we should be focus ong on one part of the school curriculum should be social media etiquette and opioids. we are not talking about it at all in our schools. >> dana: we have to get kids back in school. that would be one thing. i think having high expectations of students and parents of their children when it comes to math, if you want them to be competitive that's what you have to do. >> we have to do something about alexa and my 7-year-old asks her for every answer. >> bill: an outrage on social media of older millennials referred to as geriatric millennials. i clicked on to make sure i wasn't one and i'm not. gen z coming up thing, this isn't school trying to take my skinny jeans away and trying to take jeans jackets away. i can go into a bar and order a margarita and they can't. >> good point. >> dana: i

exempt organizations engaged in political activity disclose information about their major donors to the i.r.srack. the debate over dark money with its influence growing. the nonpartisan center says last year more than a billion dollars of dark money spent on the federal level as democrats took control of the senate and white house. a lot of people curious where the money is coming from. >> dana: thanks for being on top of it. >> bill: look at the big board and show you how the markets are reaction. a weak april jobs report is out. adding 266,000 jobs, a big old swing and miss right now. we were thinking it would be around the million like it was in march. what does it mean for the economic recovery? two gentlemen i'm dying to talk to today. you guys are perfect for this. steve moore on the right, austan goolsbee on the left. gentlemen, here we are. steve, i don't know what it means but lay it out. you've had an hour and 17 minutes to think about it. why did we miss by 750,000? >> i'm still scratching my head. i don't know if austan is. everybody is mystified by this number. i think the econom