you think that this is a big ask of the irs? ou might have already answered this but i wasdy thinking with this portal we created with all the information the irs has, with mike legislation and authority, are we asking the irs to do something outside of their will and they can't really do? >> congress created a profession called several liability 2015 which is an innocent spouse and it regularly makes domestic violence and abuse situations, they have a unit, i personally have pushed on those issues the knowledge the unit has an expanding applying toward a different issue from the eip as opposed to regular but they have those skills. >> i think you so muchte for continuing to be engaged so we areng going to work with you on the creation of a new unit, a fabulous idea and enqueue, determine, i'm going to given, back my 27 seconds. >> thank you. mr. buyer has another hearing is that objection to allow him to go next? want to recognize you by five minutes. oh dwight evans lodge. >> i have coffee on monday. thank you, appreciate it. i

o'donnell, the irs i.t. system is complex with many systems requiring interoperability and scaleability. and resiliency are paramount especially in the era of cyber attacks and next generation i.t. solutions, such as cloud computing. by utilizing the clouds, we'll maximize the interagency's ability. and what is the-- to modernize the structure? >> there is -- i cannot answer the question specifically, but i know that we have been working very hard to improve our cyber security and to update our platforms as was said at the outset. our infrastructure is quite old. it does need updating and what i would be willing to do, very happy, actually, to have staff from our i.t. division work with your staff to explain what it is that we're doing to improve and how much progress we're making towards the cloud to report both the services that we provide to taxpayers, but to improve our ability to identify noncompliant taxpayers, to identify or the information to analyze it and to make the best decisions on how to run our

my concerns are ampliied by the apparent leek of private taxpayer information out of the irs. with the data ending up at pro publica. which reported sensationalized and misleading claims about taxes paid by named individuals. an irs may involve personal information on american taxpayers across the income spectrum. secretary yellen, it would be helpful for you to share what is known at treasury and the irs about this apparent massive data breach. i also look forward to hearing about the political agreements struck by the administration in the g7. a recreant communique suggests a shift in positions that appears driven by the administration's plans to significantly increase taxes on u.s. businesses. the united states already has a robust global minimum tax. guilty. and no other country has moved to enact one since. if treasury envisions hiking taxes on u.s. businesses domestically, including onerous changes to the minimum tax, guilty, before other countries adhere to global minimum taxes, the u.s. could suffer from a first mover disadvantage. higher u.s. tax rates poses the risk o

using the irshe as a weapon weapon 19 the irs to go after the upper bracket to get higher taxes pastapon i irs combined with the amount of information that big tech has on all americans in their willingness to support the democrats and provide them with whatever they want that combination poses a huge threat to our liberty and freedom maybe the biggest start we've ever faced does anybody ever remember lois lerner that's what they do in their power and are trained to do it now with jeff bezos and bill gates they're not rich because they stole from us, they are rich because they provided tremendous benefits to people in this country when you provide tremendous benefits you benefit tremendously. i would also point of the top 1% already pay over 40% of income taxes and they earn about 20% of income and pay about 40% of the taxes. that seems like their fair share and they pay more in taxes than the entire 90% of taxpayers the argument that they're not paying their fair share is based on fiction. elizabeth: the story was criticized as flawed because that's 10% of the taxes paid as a% of th

it includes about a 10.4% increase in the irs budget. this includes 5.5 billion dollars in the enforcement account to hire more compliant staff. in my experience, the overwhelming majority of americans and people in wyoming are trying to pay the correct amount of taxes that they owe. the tax code is complex in dealing with the irs can be intimidating for people at home, it can be confusing, it can be stressful, and it can be never ending. thankfully for many, we have taxpayer advocacy and taxpayer advocates service. i think it's a very important tool that the irs has to help taxpayers. the taxpayer advocate, i met with them and wyoming, they don't have the resource ability or authority to resolve every problem the taxpayers encounter with the irs. the issues they can help with our-limited, but their assistance and guidance can really be invaluable. i heard that from folks at home. given the focus on enforcement in the budget, can you detailed to me how the treasury department and the irs are going to enhance the visibility of the taxpayer

we provide extensive information to the irs. ecause we know it will be treated confidentially. it will be held privately. if that stops, information we provide the irs will be used for political purposes people will be reluctant to provide information to the irs. it will make it harder to collect taxes. it is going to destroy really the confidence we had in the internal revenue service and in their ability to protect information we provide them. this is, this is a real problem for the internal revenue service. elizabeth: yeah. and now the gop is saying you know what? we're not going to give you democrats $80 billion more money for the irs to give more power to the irs. we'll not have the irs tracking americans' bank account information as the biden administration was talking about. the irs has been abused politically going back to fdr, through, you know, truman, through eisenhower, through jfk, through nixon, through clinton, through obama. look at this, your final word on this. the democrats are pushing for the irs to get non-pr

they're using the irs as a weapon. eth: the pro-h "propublica" reporting they paid little or no taxes critics felt it was tenditious based on percentage of wealth they, showing the rate was lower when wealth is tied up in unrealized capital gains in the stock of companies that they, these individuals built and made successful. so the irony is congress wrote the law lowering capital gains taxes, right? clinton lowered them. that set off the dot-com and tech boom. that is how these guys got their wealth. this feels really like an an unconstitutional illegal move because elizabeth warren wants a wealth tax. that is unconstitutional. the constitution only allows for income tax. it smells really suspicious all around. what do you say? >> i couldn't agree anymore. look at timing of this. this is right on the heels of the biden administration trying to raise taxes, in fact he ran a largely on this what you're talking about, trying to raise taxes on wealthy, on high income earning individuals. isn't it interesting right on the

this is the same irs the pursuit of vendetta against nonprofit during the obama administration the loisner scandal and irs politicized to go after political industries through kennedy and nixon and clinton and obama. >> that is right in 2014 nothing long ago the irs paid a settlement of $50000 to the national organizationna of marriage after an irs employee disclosed their tax information which ended up being publicized by the post and went to the human rights campaign which was at the time going after the national organization for marriage unfortunately the employee they discovered who it was was not prosecuted for releasing the information. elizabeth: here's what the question is the biden administration wants to give tens of billions of dollars more to the irs to collect taxes they want the irs to give everybody's bank account information on inflows and outflows elizabeth warren once a wealth tax they want higher capital gains taxes pro-public us said they got the files from an anonymous source they say they don't know who provided them, we don't know why, the question is why is this

can the irs process these claims efficiently? first of all i agree the ert see is a very important and useful tax credit and it is critical employers know about it i know the one thing the irs has been doing is working with those who provide tax services with firms like intuit so if they work with larger businesses filing tax returns that the source of information to the businesses about the availability of this credit and i gather from conversations that i have had with executives at the firms there is good awareness of this credit that i believe that people will brief you this afternoon their doing what they can to get out information about the availability of this important credit. >> i yield back. >> the gentle man from oklahoma. >> my time here today is short so i will be brief with yes or no questions. i've been a job creator the past 35 years living on the receiving end of big government policy i've spoken to literally hundreds of business owners the last month they and i disagree with your assertion that the extra 300-dol

is the irs another political wing of the democratic party? >> i'm afraid it is.seen it at the department of justice. we have seen it at the -- at the irs time and time again and to much to my exasperation, despite the fact that you have the treasury inspector general for tax administration issuing these reports, the ig at the department of justice continually highlighting how conservatives are targeted, it's a one-way street. nobody gets prosecuted. lois learner is able to just resign. take her full compensation and nothing happens. >> will: really quickly, only 30 seconds, jason, we saw this as you and i both know and saw at the time under the obama administration do you think we'll see more of this irs targeting conservative organizations going forward? >> yes. they need to speak up and they need to go out and they need to sue the irs and take them for everything they are worth and the american people can't stand for it but it has happened more than 400 times that we have documented. >> will: more than 400 documented times. all right, jason chaffetz, thank you

and we are following the fbi now probing the illegal irs leaked tax returns for america's most wealthyncluding elon musk, warrant buffett and mark zuckerberg. the probes are now expanding, five in all. this affects all of america's tech security. the irs leaks hitting right when democrats demand tax hikes on the rich to pay for their supersized government spending blowout. also, more e-mails showing hunter biden allegedly tried to put the squeeze on sovereign wealth funds and also foreign leaders. the gop getting stymied by democrats on a legislative counterattack about china's covid-19 virus. will democrats really go into the midterms not investigating a pandemic that killed 600,000 americans? plus, the virginia parent who survived communism gives a stark new warning about what u.s. public schools are teaching our children. thanks for joining us. i'm elizabeth macdonald, "the evening edit" starts right now. ♪ ♪ elizabeth: welcome to the show. you're watching the fox business network. we begin with texas governor greg abbott. he will now build a southern border wall in texas and also b

does that empower the irs even more? it outright because this is very scandalous. irs data is very confidential and the notion, they don't know how the source was, they obtained it from an anonymous person, it's possible there was a foreign actor who have to much more likely scenario given all the circumstances is that there was an employee who got a hold of the data that found a willing publisher, someone who wouldn't care about breaking confidentiality issues and then purposely leaked it in the effort of helping the biden tax agenda really scandalous and it doesn't matter if it's warren buffett, they are entitled to the exact same as any other americans and someone needs to get to the bottom of it. david: dan, americans have always been uneasy with the irs, is not only because we got nervous around april 15 or may 15 whatever it is, but the idea that you are guilty until proven innocent months counter to the american notions of justice and that's often employed by the irs and now you add on the possibility that is bein

and the irs is not immune to this. ve groups. we saw in the fbi a few years ago it was lisa page and peter strzok that said they needed to stop trump. it has to stop, but it's one of the reasons that we really should be trying to make the irs smaller, not larger. biden is adding tens of thousands of agents to the irs that have no accountability to the american people that their information would be protected. elizabeth: yeah. the lois lerner thing really stuck out because that was about, you know, conservative nonprofits being given a hard time to achieve nonprofit status, and it was sort of a suppression of free speech. you know, covering the irs for decades and testifying twice before congress about irs and tax reform, the sense that i got from congress is that we exist for the government, right? and the irs workers were telling -- were basically saying, yeah, that's the attitude they felt. they don't want to be dragged into politics. and mark cuban is saying propublica is not being honest about the story, that they w

you were at the head of investigative the irs's abuse of power when that was happening. nment and the bureaucracy against trump. it didn't happen during his time do you see it more onto what it is you investigated and how dangerous is this at this stage? >> well, it's a violation of privacy, it's a violation of what called section 61.03. it's punishable by fines of up to $5,000 and five years in prison remember, when it was barack obama who was in charge, he went on national television with bill o'reilly and said that there wasn't even a smidgen of corruption. >> smidgen. >> five open investigations. the irs paid out to 400 groups because there was a violation there was a little bit more than a smidgen and it was suppression of their first amendment rights. it went all against conservatives, just coincidentally. this information is released and guess what senator biden is holding a senate hearing and he opens up the mention and mentioned this propublica. i'm sure it's a coincidence. >> tammy: this is unacceptable whether it's tea party or if it is billionaires because it

pool that could've weakened government oversight into new reports and democrats will try to use the illegal irseaked a billion or tax returns to raise taxes but republican senator mitch mcconnell demanding more from criminal charges warning the leak was orchestrated to push the democrat tax i agenda. a top official at facebook admitting fact checkers are politically biased after facebook is accused of centering trump conservatives and much more. plus you will hear from the north korean defected to the u.s., slamming woke u.s. universities for intolerance, censorship and group. she says even north korea is not this nuts and illegal warning the biden administration will sue texas to block texas from building its own border wall, this constitutional battle royale now getting hotter. i m elizabeth macdonald, "the evening edit" starts right now. ♪. elizabeth: welcome to the show you're watching the fox business network the stocks finishing down the dow, s&p and nasdaq bolling consumers far less than expected on rito goods and may, for prices and inflation storing to the highest level in years. wall

elizabeth: because right after the illegal irs leak, massachusetts democrat senator elizabeth warren te finance chair, ron wyden, saying he will push to tax the upper bracket. and now you have a patriot tax from the new york democrat congressman thomas suozzi. that is happening too. you wonder how far can they go with this? you know what? let's listen to senate minority leader mitch mcconnell. he again says whoever did this, you should throw the book at them, and criminally prosecute them. watch this. >> it appears anonymous source committed a felony by releasing confidential information of american citizens. american taxpayers are required by law to comply with invasive disclosure requirements and they're doing it with less and less confidence that the federal government will honor their trust. a fundamental piece of our nation's social contract is frayed but just how worried you should be about it apparently depends on your personal politics. elizabeth: depends on your personal politics. what do you say? >> yeah, he's right, absolutely. not only do they want to raise taxes but these

a christian group's tax-exempt status denied by the irs. saying they are too political. it next. it will not work for everyone. imbruvica is the #1 prescribed oral therapy for cll, and it's proven to help people live longer. imbruvica is not chemotherapy. imbruvica can cause serious side effects, which may lead to death. bleeding problems are common and may increase with blood thinners. serious infections with symptoms like fevers, chills, weakness or confusion and severe decrease in blood counts can happen. heart rhythm problems and heart failure may occur especially in people with increased risk of heart disease, infection, or past heart rhythm problems. new or worsening high blood pressure, new cancers, and tumor lysis that can result in kidney failure, irregular heartbeat, and seizure can occur. diarrhea commonly occurs. drink plenty of fluids. tell your doctor if you have signs of bleeding, infection, heart problems, persistent diarrhea or any other side effects. i am living with cll and living proof that imbruvica is right for me. ask your doctor if it's right for

run by embattled black lives matter cofounder patrisse cullors did not disclose large donations to the irsat least 10 blm chapters they want to know when it comes to the money who pocketed it? the media's fact-free attack, slamming the new push by texas. the governor wants to build its own border wall. texas has the biggest gaps in border security. nearly half of all illegal crossings happen there the new push by both democrats and republicans. they want answers. why hasn't vice president kamala harris visited the border? there is new pressure on the president to out of the vice president as his worder czar. thanks for joining us. i'm elizabeth macdonald. "the evening edit" starts right now. ♪. ♪. elizabeth: welcome to the show. you're watching the fox business network. we've got the dow, the s&p and the nasdaq ending near session highs. there was a broad rally on wall street shaking off inflation fears but we have this new story, a damaging attack that could affect the midterms. house minority whip steve scalise accusing house speaker nancy pelosi with stonewalling their demands for probe

more money for the irs will deliver additional revenue. as i listen i do wonder how we rank in history with respect to tax collection and growth on the heels of higher taxes. has your experience in your studies been when you raise taxes, it slows growth and corporate revenues? and it does deplete some of the dynamism of the economy. these are number of people making this argument on wall street read as it borne out by history? joe: i don't think the correlations are as clear as people want. you can pick your data to find the results you want. liberals want to look at the 1950's when tax rates were high, over 90% and the economy was doing well. conservatives will say there are data points where dax points were high like in the 1970's and growth was struggling. there were so many things that go into determining the growth of the economy, tax rates are a relatively minor part. that's not to say they don't matter, they do discourage economic activity on the margins , but they are not the be-all and end-all on either end. they are not unimportan

the irs is afraid of them. >> get their handed to >> and so yeah, it's hard. meanwhile, the white house is also responding to today's propublica report. the irs commissioner said today that they're taking all appropriate measures, including referring the matter to investigators and treasury and the irs are referring the matter to the office of the inspector general. >> that was ashley cass reporting. this also has some democrats pointing back to their proposed wealth tax massachusetts senator elizabeth warren tweeted it's time to start making the ultra rich finally pay their fair share. >> if you woke up this morning having some trouble getting online. guess what you're not alone. some major websites went down, making it impossible to access information for about an hour. a number of sites like reddit and hulu were unavailable along with cnn and the new york times a san francisco network provider known as fastly responsible for that outage. the company says an internal glitch now being blamed for the problem, but it has been fixed stock futures dip when the new

that is when the irs wrote a letter and said this that bible teaching are typically what the republicanup from the exemption for an irs 5o 1c3. so the irs says that republican are more typically associated with a bible teachings and the word of god. i know a lot of democrats who are strong christians and friends, so i'm not disparaging all democrats, but the irs, under joe biden, his administration and his agency says it's republicans who are typically associated with the word of god. if you look at where the democrats are today there fighting the catholic church over abortion. i didn't say it and i wouldn't say because i know a lot of democrats are fine christian believers, but when the irs say you know what, typically the word of god is being taught and echoed by republicans, i really think the irs said it all. >> that case is on appeal, so w will follow it and in the meantime, we will be watching that special session as well. thank you for dropping in. >> you bet, thank you. a debate over flying the christian flag in public is about to land at the u.s. supreme court night court conve

attorney jogeneral garland vowi to get to the stunning leak in the irs. let's go "outfront." good evening, i am erin burnett. biden's test, on his first overseas trip stepping on the world's stage for the first time as president. it comes just as his agenda at home is in serious. he's actually right as i speak making his way. this trip will include a face-to-face meeting with the russian president vladimir putin. >> i am headed to the g7 and then to meet with mr. putin to let him know what i want him to know. >> i will be clear that the united states will respond in a robust and meaningful way on the harmful activities. >> biden failed to strike an infrastructure deal with republican senator shelly capito. biden is reaching out another group of lawmakers trying to find out a different way forward. top republicans don't think a deal will be reached. >> it is hard for me to see a scenario even ten republicans will vote something far beyond of shelly's discussion at the white house. >> senator cornyn telling cnn, quote, "i think he thinks he's going to get a better deal." all of

receives the investigation has been referred to the treasury inspector general, the irs inspectormployee access for taxpayer information and has fired employees in the past for violating that policy an irs inspector general's report found some of the employees had been rehired and the system for protecting this data needs to be improved. it doesn't know who the anonymous source was for the material on thousands of wealthy taxpayers. material may have come from a hack of the irs. but many republicans now calling it an abuse of power and pushing back on biden's plan to better fund the irs and improve enforcement and expand its powers perhaps to see bank statements, payment services like venmo, those efforts and requests to get the irs those more powers now under siege. back to you. >> interesting outcome of that story as well. thank you. robert frank. >>> all right. just getting a check on the markets right now. we are fractionally higher the s&p up 0.1%. keep in mind we are in striking distance of a new all-time high for that average that's going to do it for "squawk on the street.

look, the irs was weaponized during the obama administration. a national grass roots movement, the tea party movement x. this is not nationally organized, it was happening all across the country. and groups asked -- they applied to the irs for tax-exempt status. absolutely their right. what did the obama administration if irs do? it crushed it, slow-walked it. one of those groups got tax-exempt status. as a result, the democrats thought,ul oh, great, we have jt crushed this tea party movement. but guess what? it came back, and it came back as a popular movement, anti-government, anti-big spending, pop list movement -- populist movement and elected donald trump. if the democrats think we're going to get those conservatives now, we're going to be big government, we're going to get more and more information out of those evil i conservatives, it's going to come back and bite them because in 2022 republicans are will take the house and senate, 2024 they'll take the white house, and where are the democrats? i think the wholek thing is a mess, but it's

the world. a major league of irs tax filings has revealed new details about how u.s. lionaires pay little in income tax compared to their massive wealth -- sometimes, even nothing. propublica obtained the private tax records of some of the nation's wealthiest billionaires and the findings are stunning. between 2014 and 2018, the wealthiest 25 americans saw their collective wealth jump by $400 billion, but they paid just over $13 billion in federal income taxes. that's just 3.4% of their wealth increase. warren buffett paid a true tax rate of just 0.1% on income taxes during that period, while seeing his wealth grow by $24 billion. jeff bezos, the world's richest man, paid no federal income taxes in 2007 or 2011. elon musk, the second-richest person in the world, paid no federal income taxes in 2018. george soros paid no federal income tax for three years in a row. michael bloomberg also paid no income tax one year. the biden administration responded to the explosive report financing a probe into who leaked the private irs filings. meanwhile, senator elizabeth warren re

the irs is trying to do something. the american relief bill is trying to do something about this. who need it most. how do we get that last mile? what does the government need to do to deal with these issues you've brought up? >> the first i believe is expanding mobile payments, because that will reach a lot of these families. they are under banked, under housed, but they typically have some sort of silk connection, not necessarily wi-fi connections but connected via cellphones. and they can do a lot of financial transactions from apps. >> do you get some sense the irs is working towards that? i don't think of the irs as the most tech savvy forward thinking technological organization, but we may need to do it to fix it for these folks as opposed to the rest of us? >> yes. it's important to understand this website is outsourced. it's not done by the irs in-house, the distributors they're using, the contractors should be able to reach these people or the irs should make it a requirement to reach these households. >> how do we deal with the other? have less a wechat cut child poverty

it's not done by the irs in-house. it a requirement to be able to reach these households. >> how do we deal with the other half? let's say we cut child poverty in half. it's 2021 in america. we're one of the richest countries in the world. i would think that child poverty is low hanging fruit. it's an easy fix for us. it's not a particularly expensive fix, and as you said the return is so great when you take people out of deep poverty. >> the evidence is absolutely overwhelming that even small investments in children early in their lives particularly children who are are of very limited means have outsized effects. and the total spending that can have on children over the entire range of particular policies also has outsized effects. one of the biggest effects of it is the more you spend early in a child's life the less likely they'll need any assistance later in life. >> dr. logan, i appreciate this conversation. he's a professor of economics at the ohio state university. and that is tonight's "last word." you can cat

what did the obama administration irs do? it crushed it. it slow-walked it. of those groups got non-for profit tax-exempt status. as a result, the democrats thought oh great we crushed this tea party movement. guess what? it came back. it came back as a populist movement, anti-government, anti-big spending, populist movement and elected donald trump. these things have cycles. if the democrats think ah-ha we'll get the conservatives now, we're going to be big government, get more information on evil conservatives it will come back and bite them because in 2022 republicans take the house and senate. 2024 they will take the white house. man, where are the democrats? it could be turned on them yet again. i think the whole thing is a mess but it's a very foolish strategy on the part of the democrats. elizabeth: final question, you know, we've got top democrat leaders trying to paint all republicans all conservatives as supporting the capital hill riots. there is division in the gop party about that though. not everybody supported the capital capitol hill riots. de

why is top treasury lieutenant is just brushing it all off, plus the fbi is not brushing off the leak of irs data wealthy americans former doj prosecutor jim trustey on the constitutional questions being raised plus we have senators marsha blackburn and cynthia lumis joining us about among other things what president trump just said about the putin-biden summit. that's all coming up, but first, initial jobless claims tick up to the highest levels in a month , as businesses coast to coast are battling a worker shortage. fox business' lydia hu is standing by with the very latest reporter: hi, there, david it was an unexpected jump people filing for initial unemployment benefits rose to 412,000 last week, that was an increase by 37,000 after falling for six straight weeks, still, claims for ongoing benefits fell by 500,000 to 14.8 million, that's well-above the pre-pandemic levels but about half of what it was just a year ago. now the recent increase comes as more than half of states will pullback on part or all of the $300 federally-backed benefits in the coming weeks. louisiana is now the fir

cullors, it's called dignity and power, they failed to disclose at least $175,000 in donations to the irso though who pocketed the money. >>no welsh sure. and -- well, sure. and there seems to be a pattern here, liz, because black lives matter, there areau questions surrounding where some of the spending went with this organizationon as well which zabrought in, what, over $90 million in 2020 alone by exploiting people's bad situations, basically. because you haveal family membes who were questioning the spending of this organization. they feel like they've been exploited. and you also have members of the different chapters or people that work there that are questioning the spending of where the money went from the black lives matter donations. and don't forget, this woman just left black lives matter last month, the organization that she helped cocofound, because there were -- co-found, because there were questions surroundingon her extravagant spending habits on properties that she purchased recently. elizabeth: yeah. four houses that she spent more than $3 million if on. she said the ho

what can or will the irs do about this? ssue is worth the shares that he put in the ira in the 90's, was he valuing them correctly or was paypal valuing them correctly at the time? that is open to question. the problem is the irs doesn't have the resources to go in and look at all of these transactions and fight with rich people who have very expensive lawyers over these valuations. you remember in the 90's, there were tens of people in silicon valley who were starting tech companies putting those shares into roth iras as well. a lot of those ended up being worthless. one issue is the funding irs and whether we have cops on the beat keeping an eye on these transactions. the other thing that is being discussed is maybe we need to have a size limit on roth iras. they are supposed to be for middle-class people. the chair of the senate finance committee has proposed in the past capping the size of them at $5 million. he says based on this story, he is planning to revisit that proposal. and possibly it could be included in tax re

i'm talking about the irs. so why would we ever have cut even one single staff member? ell, that's a good idea. >> well, i agree 100% with you, stephanie. i made that case to our congress when i was in the treasury department and when i was in the office of management and budget in two administrations. what we've seen over the years is that defunding the irs became something that was seen as an accomplishment for some in congress. i think right now you're seeing more bipartisan focus on having the irs funded with the resources to do its job. i think this is a very important moment. there are major proposals out there to change our tax laws. many of which i support and think are the right way to increase revenues. but the truth of the matter is if we don't have a tax enforcement system that works, money leaks out of it and it will continue to. so this is something we need to do, whatever your views on new tax proposals. and i think it's one of the reasons why the five of us who don't agree on all of the proposals to raise new revenues agree 100% on this idea about tax enf

there's a significant increase now before the house financial appropriations committee to fund the irswe are talking about a few billion dollars more annually for the irs to go after the tax avoidance issue. we do know that the 2011 through 2013, it was in us -- estimated that over $380 billion of tax money was not collected but properly owed. for those folks who are playing it close, probably many of whom are listening to this right now, the irs is coming after you. donald trump, beware. the irs is going to have the personnel to go after folks who have been playing it close or over the line on tax avoidance. shery: you mentioned how big chunks of what the democrats wanted were also achieved through the china bill. what else could we see on that front. we are seeing now more bipartisan consensus on the need to push back against beijing. >> the house armed services committee and the senate armed services committee are dealing with the american military issues. virtually every element of that discussion is juxtaposition and the u.s. military against the chinese military buildup. on that

. >> the irs is less able to enforce laws that are already on the boats. -- books.fter the report came out, the white house focused more on condemning the leak. >> any unauthorized disclosure of confidential government information by person with access is illegal. we take this very seriously. reporter: the administration has said that many of his priorities will be paid for by higher taxes on the wealthy. but collecting that money will be quite a challenge. anchor: let's get more from our correspondent in washington. this has come from irs documents late -- leaked to pro publica. reporter: the information is based on a huge amount of never before seen internal revenue service information. in the report it was mentioned that jeff bezos and warren buffett, what they pay compared to their massive wealth accumulation. the documents reveal new information on how little the 25 wealthiest americans pay and taxes. not all of them are able to minimize their income and avoid taxes. the data shows they pay extremely low rate. on average, they paid 15.8% on federal income taxes

congressman, you were saying a moment ago that the president wants to allocate $80 billion to the irs a little like a dejavu. under the administration we had the ira -- irs politicized, targeting groups that they didn't agree with. tell me what the $80 billion is for? >> you know, they are proposing, maria, to spend $80 billion to hire 87,000 irs auditors, that's like filling the national stadium two different times just to go after families and small businesses and farmers to make sure that they're paying their fair share with the auditors and they believe that by hiring these 87,000 auditors they're going to be able to come up with over $700 billion in revenues. so that means they're going to be looking under every crook and cranny to find what they can with every american which is pretty scary. maria: well, you know, it really strikes me that we are in dangerous times. today is d day, 77 years after d day and today we are confronting -- first of all, thank you to all of our troops and our courageous men and women who gave their lives and fought for the freedom and liberty of this c

the irs is making assertions like that, this is crazy. rate as not-for-profit for a 3-year period. only one conservative group got incorporation papers normally you get without any problem, three years they shut down opportunity for conservative tea party people to organize across the country and that is why the tea party movement disappeared, 97% of the union money contributed goes to democrats, 97% of union contributions from the irs go to democrats, this is a politicized agency, they want to get more money, biden is doing this to pretend 10 more agents will raise this much money, spend it, they tried this over the last 50 years and never hit those targets and the cbo and the democrats were in charge they refuse to let anybody score the way biden wants to come you don't get more money with more agents. quit putting that in the budget as if it was paid for. biden is doing that. trying to. maria: that budget is a monster budget, $6 trillion budget in year one. we have been talking about this antitrust package of bills. you have an op-ed ab

right now, if you have an interest or the irs has an interest, they can contact a local bank. to pull through so much data and be responsible for that data and be able to secure that, that is a huge job for the federal government and one we do not do a very good job of. could you comment on that? gen. garland: to respond on suspicious transaction reports, i believe -- i will come back if i'm wrong about this -- i think we have a re-think prosecution of somebody who leaked information with respect to that matter. it gives you an idea of how seriously we take this. on the bigger question, this is the conundrum the digital age has brought us to. we can distribute information and keep it on paper and that is the perfect solution to hacking. if there is never a connection to the internet. it also means we cannot use the information in a way that is useful for tracking terrorist behavior, for tracking child exploit asian, -- child exploitation, tracking espionage, tracking bribery. that is why we have the special transaction reports. it makes it possible for us to do that. i think i

also changing how the irs operates, helping boost the irs so it can collect more taxes.a murkowski put it well, it's a smorgasbord of pay for's, there are no tax increases as republicans wanted. a lot of things are in a gray area, questionable math, that we will be looking at for a long time to come. i want to get us since of the scope of the bill. if you look at the most recent large transportation bills, the last three, for example, look at the one today. it is almost twice as much as the biggest bills previous to this. how did this come together? i'm told that yesterday things were so tense it almost fell completely apart. senator jon tester of montana went in the room, put his hands down and said, guys, we have to get this big boy done, and then everyone sort of took a breath and did find a way to get it across this initial finish line. judy: we heard a lot from president biden on the campaign trail when he was running for president. he wanted infrastructure past. tell us more about his role in getting to where we are today and where this goes from here. yamiche: thi

right there tells you that the irs is arming and weaponizing themselves. asked secretary yellen about that situation. they cannot toe where it came from. the factor that is coming out should scare every american. host: our guest is a ranking member of the budget committee. representative jason smith, republican of missouri. michigan, sue, independent line. caller: on the infrastructure bill, isn't there a stipulation about how they are going to dismantle the suburbs? on the family leave act, the question is, this act really want to give extra money for days off, is that only for the federal government? or is that for the businesses? if you are a small business, who is going to pay for that? my last comment is that i heard that the left wants to get rid of our american flag and have the lgbtq or whatever it is flag. guest: there is a lot of different items are there. first off, there have been numerous different infrastructure packages. the quote agreements that they had this weekend, it is not even on paper. there has not this there is not a bill that has b

neil: while i have you here, theresa, the head of the irs has asked congress to grant the irs the authority to oversee what is going on with bitcoin and police it more and maybe using these developments as ammunition. what do you make of that? >> yeah. i think it will be incredibly challenging, if we're not able to actually have the treasury department pass the know your customer, i think it will be challenging to say how does the irs track gains for losses on sale of cryptocurrency by american citizens and by corporations? it will be one of those things where if you have to make a traceable for know your customer, you have to make it traceable for revenue for the irs guidelines, it will make it more traceable. so it will be interesting to see how this develops and what the future of cryptocurrency will be, if it will continue to be sort of a private sector endeavor or if at some point it will actually be a currency provided by nations as part of their currency basket portfolio. neil: we shall see. theresa payton, very good catching up with you on this, timely news day. let's get to charles

tax filings so good news if you just need a little extra to get you through the summer months here the irsood news, says they will do the max and the payments will go out from the 15th of july back to you. >> bravo bravo for that segue to tinder exs to kids and credits. >> geoff, thank you. >>> a top evangelical pastor stepping down after more than 40 nd os. fiut who. >>> plus, carbon dioxide levels reach a dangerous new milestone. still fresh unstopables in-wash scent booster downy unstopables surprise! a toy gorilla! and now you can bring their kinder joy toys to life with the applaydu app and discover a universe filled with mini games so they can imagine, play, and explore. bring their kinder joy toys to life in applaydu. download the free app today. i've never slept like this before. we gave new zzzquil pure zzzs restorative herbal sleep bring their kinder joy toys to life in applaydu. to people who were tired of being tired. what is even in this? clinically-studied plant based ingredients passion flower, valerian root, and hops. new zzzquil pure zzzs restorative herbal sleep. living w

. >> in the early days it was fairly untraceable but like so many things the irs can track it and the government can track it, and that is really big to this story. the government was able to figure out where it was. and honestly it's not like they hacked into the system. they issued a court order to get that bitcoin back, but they knew where it was, and that has to give a lot of hackers right now pause. >> not only hackers but just normal people like me and you, if we wanted our money to exchange to be private and secure, does this hurt the whole era of bitcoin to what it's supposed to be? >> yes, but it shouldn't if you've been following closely. for a while the irs has been doing exchanges if you make a profit that's profit that should be taxed. i noticed the price of bitcoin went sharply lower briefly after all this came frut from the fbi because there are still people out there that think the government doesn't know what i'm doing. folks, they know what we're doing. >> no word yet from elon musk about all this. >> no. we saw the pipeline, that's the gas. we saw the meat hack whic

that's an unprecedented leak of tax information and the irs and fbi are investigating. jeff bezos and elon musk declined to comment to pro publica, but warren buffett declared in a statement, "i continue to believe that the tax code should be changed substantially." david? >> he has said that before. terry moran, thank you. >>> now to the fbi and its role in a global sting. arrests in 16 countries. more than 800 people. criminals using what they thought was a secure app to communicate with one another, but it had been developed by the fbi. weapons, millions in cash, cocaine hidden in fruit. here's our chief justice correspondent pierre thomas now. >> reporter: tonight, one of the biggest international dragnets ever with the fbi deploying technology like it never has before. with the help of an informant, the fbi developed and distributed an encrypted app known as anon, putting it on more than 12,000 phones that were pushed out to more than 300 crime syndicates across the world. >> the criminals using these devices believed they were secretly planning crimes far beneath t