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Oct 29, 2021
10/21
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we have seen the irs already abuse that. you put $10,000 in cash because of a cash business, nail salon, barbershop would take it to the bank and you have to report it. if you put $9,000 and day take your money just because they think you are hiding the $1000. there are real horror stories of people having their life savings taken by the irs in an audit. the average irs audit of a small business is a little more than 27 months. the irs says, hi, small businessman. we think you have $2000. you can either give us the $2000 or hire a lawyer. which will it be? that is the level of problem that we have with the irs. 65% of voters believe that the irs already has too much power. it is one of the reasons people don't like it. it is their own internal labor union rules which have said they are not hiring people. the irs has been hiring back people who were thrown out because they were looking at people's private data. they had no legal right to. they got hired back. so the irs does not punish people who do that. they tell them it is
we have seen the irs already abuse that. you put $10,000 in cash because of a cash business, nail salon, barbershop would take it to the bank and you have to report it. if you put $9,000 and day take your money just because they think you are hiding the $1000. there are real horror stories of people having their life savings taken by the irs in an audit. the average irs audit of a small business is a little more than 27 months. the irs says, hi, small businessman. we think you have $2000. you...
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Oct 30, 2021
10/21
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but your question asks share the irs require that people who owed taxes pay it? yes. talked earlier about spying on people and looking at the money going in and out of bank accounts and cash when they went after them they found less than 7 percent had any problem at all in one of the problems as they had reported you put in 10000 because they hadn't so it's not even clear there was any taxes owed but not even a question on 94 percent of whatth they were looking at. so they did go after many people who have nothing wrong and look at folks to try to make sure they pay their taxes as they should. be helpful if they were made simpler that is true and it would be very helpful but as a mentioned earlier under law the irs is supposed to come up with ideas andt proposals for every year and for 20 years they have not followed that law and it made suggestions you think they would now what makes for a complications and things different but i mentioned earlier when you tax the corporation they are not people they pay salaries and if you take money from them and the biden administ
but your question asks share the irs require that people who owed taxes pay it? yes. talked earlier about spying on people and looking at the money going in and out of bank accounts and cash when they went after them they found less than 7 percent had any problem at all in one of the problems as they had reported you put in 10000 because they hadn't so it's not even clear there was any taxes owed but not even a question on 94 percent of whatth they were looking at. so they did go after many...
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Oct 9, 2021
10/21
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paul: trillions of dollars in new spending for the irs snoop into your bank account? administration would require banks to record data from accounts of $600 were at least $600 worth of transactions democrats in congress say the threshold is likely to increase in any final bill to as much as $10000 but the effect of the policy would be the same with the irs collecting bank account data on millions of americans janet yellen defended the proposal this week calling the reporting routine and claiming it's needed to root out wealthy tax dodgers let's bring our panel wall street columnist and deputy editorial dan henninger, kim strassel and editorial page writer lynn a. let's fill in our audience of what happened after we published an editorial pointing out the $600 threshold for the policy they were scrambling by democrats now they say $10000, what happened? >> i think there was a big public backlash that the irs is going to collect data for just about every single americans obviously encumber everybody filing taxes but the irs does not have access to regular bank savings an
paul: trillions of dollars in new spending for the irs snoop into your bank account? administration would require banks to record data from accounts of $600 were at least $600 worth of transactions democrats in congress say the threshold is likely to increase in any final bill to as much as $10000 but the effect of the policy would be the same with the irs collecting bank account data on millions of americans janet yellen defended the proposal this week calling the reporting routine and...
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Oct 6, 2021
10/21
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size of the irs and taxpayer spending should never, never have seen the light of day. even former irs commissioner who served under president obama and -- said he thought $80 billion from the agency was toore much. mr. president taken together irs enforcement on steroids and democrats massive tax hikes will still not be enough to pay for their multi-trillion dollar legislation. partly because the tax hikes may not bring in as much as the democrats planned but also because democrats have used a lot of budget gimmickry to disguise the bill. the standard deficit for analyzing the cost of the bill is a 10 year budget window. so if you look at what your bill would cost over 10 years, that's how you get the cost of your bill but that's normally the way that it works around here. that's not exactly what the democrats are doing. the child onto the democrat bill. democrats have only allowed the process to 2025 and that allows democrats to claim that provision is around $500 billion instead of the $1.1 trillion the measure would cost over a decade. all of those tax hikes
size of the irs and taxpayer spending should never, never have seen the light of day. even former irs commissioner who served under president obama and -- said he thought $80 billion from the agency was toore much. mr. president taken together irs enforcement on steroids and democrats massive tax hikes will still not be enough to pay for their multi-trillion dollar legislation. partly because the tax hikes may not bring in as much as the democrats planned but also because democrats have used a...
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Oct 10, 2021
10/21
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buddy on the policies that god is here but we also get his take on the vita ministrations push for the irsspy on your bank account. they want to know about every transaction above $600, but first let's take a look back as of the top newsmakers on mornings with maria in its edition of the week stalkers, watch. ♪ ♪ doubling the number border agents among this preparation you're doing obviously comes with an expense for. >> of billions of dollars which is a significant number even for a large state as texas. we are spending more money on border security that we've ever spent and that money keeps going up eclectic got the president print secretary pushing the idea that banks should report transactions of $600. >> i think it is a dangerous idea for several reasons for a number one it is an incredible invasion of privacy. maria: why is china considering to cover this up why not come clean with the world? >> i think chinese leaders, if they know which they probably do, how this pandemic started they have done their cost-benefit analysis. they think they can cover this up like they have done so ma
buddy on the policies that god is here but we also get his take on the vita ministrations push for the irsspy on your bank account. they want to know about every transaction above $600, but first let's take a look back as of the top newsmakers on mornings with maria in its edition of the week stalkers, watch. ♪ ♪ doubling the number border agents among this preparation you're doing obviously comes with an expense for. >> of billions of dollars which is a significant number even for a...
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Oct 6, 2021
10/21
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and taken together, the irs enforcement on steroids andn democrats massive tax hikes. be enough to pay for the multitrillion dollar legislation. and partly because the tax hikes may numbering in as much of the democrats point but also because democrats thatge follow suit alo use budget gimmickry to disguise their will and the standard method for analyzing the cost of the bill is a ten year budget window. say look at what your bill will cost over ten years, that's how you get the cost of your bill, that's normally the way that it works around here. that's not exactly with the democrats are doing. the child allowance and the democrats bill, democrats only head of thegh cost of that throh the year of 2025 predict that allows democrats to claimro the cost of that provision is around 500 billion instead of the $1.1 trillion the measure would actually cost over a decade. and all of those tax hikes, arab course just recovering the cost of the bill over 810 year or shorter window. and in reality, the new government benefits democrats are putting in place, are not going to expir
and taken together, the irs enforcement on steroids andn democrats massive tax hikes. be enough to pay for the multitrillion dollar legislation. and partly because the tax hikes may numbering in as much of the democrats point but also because democrats thatge follow suit alo use budget gimmickry to disguise their will and the standard method for analyzing the cost of the bill is a ten year budget window. say look at what your bill will cost over ten years, that's how you get the cost of your...
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how much higher will prices go and the white house wants the irs to spy on us. day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. what makes new salonpas arthritis gel so good for arthritis pain? salonpas contains the most prescribed topical pain relief ingredient. it's clinically proven, reduces inflammation and comes in original prescription strength. salonpas. it's good medicine. when i was diagnosed with dupuytren's contracture, i waited to get treated. thought surgery was my only option. but then i found out about nonsurgical treatments. it was a total game changer. learn more about the condition at factsonhand.com why choose pr
how much higher will prices go and the white house wants the irs to spy on us. day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep...
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Oct 5, 2021
10/21
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FOXNEWSW
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banks do not work for the irs. this is invasive of privacy. uch that you need to know when they bought a couch or a cow? >> will? >> will: the senator says banks are not the subjects of the federal government. beginning to sound like the american people are the suspects of the federal government. we are not simply subjects. we are now suspects. and if you look at the fact that the definition of domestic terrorism is expanding as we talked about at the. this hour. using the patriot act typical after parents. knelt looking into your bank activities. strictly monitoring your online activities. you begin to wonder as we make deals with the taliban and we leave afghanistan, if the federal government is not telling us to enemies of america is in fact the american people, how would we not come to the conclusion with the way the administration and this ideology prioritizes where it gives all of this criminal suspect active deep cover, it focuses its attention on americans. >> cheryl, from the fox business perspective, where your home is most of the tim
banks do not work for the irs. this is invasive of privacy. uch that you need to know when they bought a couch or a cow? >> will? >> will: the senator says banks are not the subjects of the federal government. beginning to sound like the american people are the suspects of the federal government. we are not simply subjects. we are now suspects. and if you look at the fact that the definition of domestic terrorism is expanding as we talked about at the. this hour. using the patriot...
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Oct 15, 2021
10/21
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MSNBCW
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each one of those people get a w 2 at the end of the year sent to them and also the irs. fy how much money they made and how much in taxes they need to pay. the wealthy on the other hand make money by selling assets, collecting capital gains, by putting together complex structures like partnerships that allow them to sell those assets for $2 million, put the money in their bank account, and tell the irs they only made a hundred thousand dollars. the president's proposal ensures we can find out about that money these wealthy individuals are storing in their bank accounts by collecting two pieces of information each year. one, how much money went into a bank account and how much money came out of it. that allows us to fundamentally make the system more fair so the wealthy are forced to pay their fair share. >> hold it. so i just learned, i mean i learned this before, but the audience we all just learned exactly what this does. this requires exactly two additional pieces of information about bank accounts. the irs is already getting one piece of information on every bank acco
each one of those people get a w 2 at the end of the year sent to them and also the irs. fy how much money they made and how much in taxes they need to pay. the wealthy on the other hand make money by selling assets, collecting capital gains, by putting together complex structures like partnerships that allow them to sell those assets for $2 million, put the money in their bank account, and tell the irs they only made a hundred thousand dollars. the president's proposal ensures we can find out...
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Oct 7, 2021
10/21
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seen the light of day. even former irs commission who served under president obama and trump said he thought $80 billion for the agency was too much. mr. president, taken together irs enforcement on steroids and democrats massive tax sites will still not be enough to pay for the multitrillion dollar legislation. partly because t the tax hikes may not bring in as much as the democrats claim. but also because democrats have used a lot ofto budget give him a treat to disguise the true cost of their bill. the standard method for analyzing the cost of a bill is a ten year, ten year budget window. tyou look at what your bill would cost over ten years and that is how youat get the cost of your bill. that's normally the way it works around here. but that's not exactly what the democrats are doing. that child allowed the democrats bill, democrats have an account of the cost of that allowance to the year 2025. that allows democrats to claim the cost of the provision is around $500 billion instead of the $1.1 trillion the measure wou
seen the light of day. even former irs commission who served under president obama and trump said he thought $80 billion for the agency was too much. mr. president, taken together irs enforcement on steroids and democrats massive tax sites will still not be enough to pay for the multitrillion dollar legislation. partly because t the tax hikes may not bring in as much as the democrats claim. but also because democrats have used a lot ofto budget give him a treat to disguise the true cost of...
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is that what the irs really wants to look at all the inflows and outflows?gency can get their arms around that much government data. it is i hadout tick. the tax cheats are going after the regular middle-class americans. the rich people, they have legal means not paying taxes. elizabeth: that's right. the little guy doesn't and people are really mad about this. you're right, banks across the country, fox business has been reporting this, they're going on social media, you know what, customers, speak out against this. seeing this in kansas and oklahoma and florida. see it in missouri attorney general joining nebraska. we're not going along with this. this is so unfair. the irs leaked people's tax returns data "propublica," billionaire tax returns. by the way, mitch, i want your reaction to what senator barrasso said about this. watch this. >> their goal of course is to squeeze more money out of hard-working taxpayers and they want to use that money that they squeeze out of hard-working taxpayers to pay for their big government socialist agenda. now number one
is that what the irs really wants to look at all the inflows and outflows?gency can get their arms around that much government data. it is i hadout tick. the tax cheats are going after the regular middle-class americans. the rich people, they have legal means not paying taxes. elizabeth: that's right. the little guy doesn't and people are really mad about this. you're right, banks across the country, fox business has been reporting this, they're going on social media, you know what, customers,...
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Oct 6, 2021
10/21
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quite the republican party is not going to allow the irs to spy on your banking accounts. with this eagle topic alone, i have gotten more emails and polls in the last three weeks then i have on any other item over the last few times i have been in the united states senate. here is what is going on. as a part of what the president is proposing with his reckless tax and spending bill, he wants to give $80 billion of additional money to the internal revenue service. janet yellen wants to use that money, the secretary of treasury to hire a whole new army of irs agents. she said she wants those agents to have access to your personal bank account. your checking accounts. to the point where she said that any check you would write or any deposit you would make for anything above $600 would have to be reported to the irs. the goal is to squeeze more money out of hard-working taxpayers and they want to use that money that they squeeze out of hard-working taxpayers to pay for their big government socialist agenda. number one, this is an invasion of privacy, of american citizens. numbe
quite the republican party is not going to allow the irs to spy on your banking accounts. with this eagle topic alone, i have gotten more emails and polls in the last three weeks then i have on any other item over the last few times i have been in the united states senate. here is what is going on. as a part of what the president is proposing with his reckless tax and spending bill, he wants to give $80 billion of additional money to the internal revenue service. janet yellen wants to use that...
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Oct 9, 2021
10/21
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but the irs is one head on this monster. al merrick garland has recently instructed the fbi to investigate threats. threats of parents protesting the teaching of critical race theory in public school. if they don't want your tax dollars to go into indoctrinating your children in white guilt, you might bes taggd as a threat by the fbi. charge google to track and provide people on any when using certain search terms through "keyword warrants." biden effectively declared war on privacy and middle america. >> that's what it is. the people who benefited on our system for the past 20 years will feel no pain here. i appreciate the clarity of your thinking. thank you. >> thank you. >> tucker: the doj is now targeting parents with any complaints at all p about the lunas see their kids are learning inn school. white people are bad, don't complain. but some parents are not afraid, they are fighting anyway. we continue our assessment of the authoritarian church in the united states. >> fox news live, i am ashley strohmier. the nation's s
but the irs is one head on this monster. al merrick garland has recently instructed the fbi to investigate threats. threats of parents protesting the teaching of critical race theory in public school. if they don't want your tax dollars to go into indoctrinating your children in white guilt, you might bes taggd as a threat by the fbi. charge google to track and provide people on any when using certain search terms through "keyword warrants." biden effectively declared war on privacy...
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Oct 19, 2021
10/21
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CSPAN3
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so they've started a campaign to keep the irs in the dark about tax cheating. and some of these folks are just outright lying about the proposal, claiming, for example, that it would give the irs information on individual transactions. and some republicans have picked up on these lies. so let's go through some of these. deputy secretary adeyemo, just to set the record straight, under this proposal, if i bought new tires or a couch or a cow, would the irs know about it? >> no, they would not, senator. >> well, if i paid my friend sharrod, paid him back for buying me a cup of coffee, would the irs know about it? >> no, they would not, senator. >> would anything, anything at all in this proposal, cause the irs to increase audit rates on folks making less than $400,000 a year? >> no, senator, it would actually allow us to reduce audits on those individuals and increase going after those who you are underpaying the system which are wealthy taxpayers. >> thank you, deputy secretary. this proposal would help unrig our tax system just a little bit, making sure the weal
so they've started a campaign to keep the irs in the dark about tax cheating. and some of these folks are just outright lying about the proposal, claiming, for example, that it would give the irs information on individual transactions. and some republicans have picked up on these lies. so let's go through some of these. deputy secretary adeyemo, just to set the record straight, under this proposal, if i bought new tires or a couch or a cow, would the irs know about it? >> no, they would...
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Oct 5, 2021
10/21
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the tea party? i don't trust any irs agent to look into my bank account. york daily news." that's where they link it to appear the other thing, it's going to push everybody out of the banking system and into places like this going "if you are afraid the government is snooping on your checking account --" there's a lot of money people hide. i get it, but not regular wage earners. we are talking about people with partnerships and family businesses, that's where the money is hid in re-financing real estate, not here. >> greg: jessica, is there something we are missing? it's the strong argument for this, and why $600? i don't get this. >> jessica: i was surprised to see janet yellen defending it. $600 is a low -- it's not that i don't value money, but that is an amount that the average american could have in a savings account, and has always been a powerful argument that democrats make about the average american family not being able to handle a medical emergency, like when we go into elections and say "this is why we need better health care options, better wag
the tea party? i don't trust any irs agent to look into my bank account. york daily news." that's where they link it to appear the other thing, it's going to push everybody out of the banking system and into places like this going "if you are afraid the government is snooping on your checking account --" there's a lot of money people hide. i get it, but not regular wage earners. we are talking about people with partnerships and family businesses, that's where the money is hid in...
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Oct 20, 2021
10/21
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i don't know what in the world of the irs will do with the information that they received from these financial institutions. i say this with the backdrop of the last administration who saw they are not investigating nonprofit religious organizations and conservative organizations without expanding the power or the reach, so my concern is as we see the administration's proposal to give more access to the irs to investigate frankly $600 of flow in and out of accounts of every american that essentially captures all american transactions in this country. if you are looking for tax sheets, that is a terrible way of figuring out a bit if you are in fact looking at a big government proposal to have the ability to investigate every single transaction of a financial institution of your account and my account and their account, this might be a good direction and i would love to hear why you think it's important for every americans transactions to be made available to the irs. to make sure the taxpayers that are avoiding paying taxes pay the taxes they owe. as you know the top 1% of income earn
i don't know what in the world of the irs will do with the information that they received from these financial institutions. i say this with the backdrop of the last administration who saw they are not investigating nonprofit religious organizations and conservative organizations without expanding the power or the reach, so my concern is as we see the administration's proposal to give more access to the irs to investigate frankly $600 of flow in and out of accounts of every american that...
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states plan to battle but under president biden's plan to pay for the massive spending by letting the irs snooping everyone's bank accounts assuming right off the bat you are a financial criminal, we have the roadmap to how this is unconstitutional. thank you for joining us i'm elizabeth macdonough, "the evening edit" start right now. ♪ we began with stocks, they were up to kickoff october the dow s&p 500 in the nasdaq, u.s. markets slide over 4% in september, no vote on infrastructure this is a hit to the white house of the democrat party both sides in a crisis mode, they went to capitol hill trying to seal a deal. hillary vaughn has more. >> house democrats grumbled that the president was not more involved in this process. he showed up on their doorstep the question was he going to rally support for the bipartisan infrastructure bill that you people the oc promised a vote on today. but instead of doing that he did not ask them to vote for but instead focus on reconciliation first. progressives walked away from the meeting taking a victory lap and moderates feeling defeated. >> it does n
states plan to battle but under president biden's plan to pay for the massive spending by letting the irs snooping everyone's bank accounts assuming right off the bat you are a financial criminal, we have the roadmap to how this is unconstitutional. thank you for joining us i'm elizabeth macdonough, "the evening edit" start right now. ♪ we began with stocks, they were up to kickoff october the dow s&p 500 in the nasdaq, u.s. markets slide over 4% in september, no vote on...
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Oct 9, 2021
10/21
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but like you said, not against using the irs to punish enemies and reward friends. tax havens in delaware and south dakota, the people exploiting cheap illegal immigrant labor, like the kochs. obama did the same thing, he used them to target conservative groups. go ahead. >> tucker: now, please come you keep going. i'm just nodding in agreement >> the funny thing is the irs actually apologized for that in 2017 but now biden is turning the guns again on the little guy and allowing the most powerful and corrupt players to slide and of course they went, they are in his administration but the irs is actually just one head on this monster. attorney general merrick garland has recently instructed the fbi to investigate threats. threats of parents protesting the teaching of critical race theory in public school. in other words, if you don't want your tax dollars to go towards indoctrinating your children into white guilt, you might get flagged as a terrorist threat by the fbi. the federal government has secretly ordered google and other search engines to track and provide d
but like you said, not against using the irs to punish enemies and reward friends. tax havens in delaware and south dakota, the people exploiting cheap illegal immigrant labor, like the kochs. obama did the same thing, he used them to target conservative groups. go ahead. >> tucker: now, please come you keep going. i'm just nodding in agreement >> the funny thing is the irs actually apologized for that in 2017 but now biden is turning the guns again on the little guy and allowing...
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Oct 19, 2021
10/21
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FBC
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you're guilty until proven innocent before the irs. i testified twice before the u.s. ress about irs reform and tax reform. i covered the irs for decades. i know irs workers. they don't want to be politicized like this. they don't like it. the irs already leaked to "propublica" tax returns for the wealthiest. so you know, this is now the tea party of the left as joe lieberman said of "the hill" newspaper. far left progressive are leading a movement that speaks for a tiny portion of the electorate. they don't have a mandate. where is the bipartisan pushback against that? because we sure have seen far lefter bullying, they tried to occupy the department of the interior this weekend. not a lot of media coverage of that, right? >> it is. you know what's scariest, what happened during the obama administration when the irs was targeting the tea party, this is, this is back to that same approach once again. the irs should never be used as a tool against american citizens. it is unacceptable. it is horrifying. it should be a bipartisan approach of folks being against it. liz: w
you're guilty until proven innocent before the irs. i testified twice before the u.s. ress about irs reform and tax reform. i covered the irs for decades. i know irs workers. they don't want to be politicized like this. they don't like it. the irs already leaked to "propublica" tax returns for the wealthiest. so you know, this is now the tea party of the left as joe lieberman said of "the hill" newspaper. far left progressive are leading a movement that speaks for a tiny...
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a lot of money and you have cash transactions and you are withdrawing money from your account and the irs your account, most people don't have teams of lawyers to try to get that money back. it will be impossible so used to be reporting threshold of $10000, what is happening here. >> the $10000 comes from the 1970, 50 years ago. in 1970, you could buy a cadillac for six or 7000 so if we adjust that for inflation, it's like $70000 rationing to 600 is clearly about control and tracking purchases transactions and ultimately i think it's about moving toward a cashless society where everything is done via phone, debit card, microchip so the irs and federal government in general knows every penny and where it's going, i think that's what's happening here. kennedy: it should come as no surprise janet yellen hates crypto because she wants that kind of control and to know everything and once to embolden the irs by quadrupling their budget and of course that means more audits. party panel sticking around, a colorado hospital says they will deny organ transplant if an unvaccinated patient. how could
a lot of money and you have cash transactions and you are withdrawing money from your account and the irs your account, most people don't have teams of lawyers to try to get that money back. it will be impossible so used to be reporting threshold of $10000, what is happening here. >> the $10000 comes from the 1970, 50 years ago. in 1970, you could buy a cadillac for six or 7000 so if we adjust that for inflation, it's like $70000 rationing to 600 is clearly about control and tracking...
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Oct 29, 2021
10/21
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CSPAN
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we have seen the irs already abuse that. put $10,000 in cash because of a cash business, nail salon, barbershop would take it to the bank and you have to report it. if you put $9,000 and day take your money just because they think you are hiding the $1000. there are real horror stories of people having their life savings taken by the irs in an audit. the average irs audit of a small business is a little more than 27 months. the irs says, hi, small businessman. we think you have $2000. you can either give us the $2000 or hire a lawyer. which will it be? that is the level of problem that we have with the irs. 65% of voters believe that the irs already has too much power. it is one of the reasons people don't like it. it is their own internal labor union rules which have said they are not hiring people. the irs has been hiring back people who were thrown out because they were looking at people's private data. they had no legal right to. they got hired back. so the irs does not punish people who do that. they tell them it is ok,
we have seen the irs already abuse that. put $10,000 in cash because of a cash business, nail salon, barbershop would take it to the bank and you have to report it. if you put $9,000 and day take your money just because they think you are hiding the $1000. there are real horror stories of people having their life savings taken by the irs in an audit. the average irs audit of a small business is a little more than 27 months. the irs says, hi, small businessman. we think you have $2000. you can...
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Oct 28, 2021
10/21
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the irs is the most dang royce, because f-wbi, dea, when they are knocking fbi but irs. the. >> the whole point of doing crime and avoiding paying taxes is to have the money. >> trevor: right. >> but the irs is the only people that can roll in and be like i'm taking all your money. >> trevor: actually let's move on it to our next story which is out of florida, the only state named after rapper flo-rida, last month the governor appointed a brand new surgeon general. and if you don't know what that is, the surgeon general leads the other surgeons in to battle, right. and-- no? what do you mean, they just set out health policies? that is a bit misleading, why would you general-- i'm the idiot? you need to choose better words. now since floridas that been sit so hard by covid you would think a surgeon general would be very aggressive about fighting it. but this surgeon general is the exact opposite. like he opposes vaccines and mask mandates. he pushed for unproven treatments against covid and he won't even say if he himself is vaccinated. which is pretty weird thing for a do
the irs is the most dang royce, because f-wbi, dea, when they are knocking fbi but irs. the. >> the whole point of doing crime and avoiding paying taxes is to have the money. >> trevor: right. >> but the irs is the only people that can roll in and be like i'm taking all your money. >> trevor: actually let's move on it to our next story which is out of florida, the only state named after rapper flo-rida, last month the governor appointed a brand new surgeon general. and...
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Oct 1, 2021
10/21
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a proposal aimed at letting the irs target its audits more effectively. it would generate about $460 billion over a decade to cover the cost of democrats planned -- democrats' planned expansion of the social safety net and climate change policies according to the administration. those are the first two paragraphs of the story. that's an accurate reflection of what you've done, correct? >> yes. we have proposed both augmenting the resources of the irs, so that it can hire qualified auditors, and augmenting the information flow so that the irs gets insight into opaque sources of income. and both together, we believe can serve to greatly address the $7 trillion estimated tax gap that we'll see in this country. >> and madam secretary, you would tell my constituents that they should not have any privacy concerns about what you're trying to do? >> well, they should not, because this is a simple matter for banks that already file 1099 forms. >> the irs licked information about taxpayers to propublica that was published. their entire tax returns, their entire tax
a proposal aimed at letting the irs target its audits more effectively. it would generate about $460 billion over a decade to cover the cost of democrats planned -- democrats' planned expansion of the social safety net and climate change policies according to the administration. those are the first two paragraphs of the story. that's an accurate reflection of what you've done, correct? >> yes. we have proposed both augmenting the resources of the irs, so that it can hire qualified...
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Oct 5, 2021
10/21
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. >> the republican party will not allow the irs to spy on your banking account. on this single topic alone, i got more e-mails and calls in the last three weeks than any other item over the last times in the u.s. senate. as part of what the president is proposing, reckless tax and spending bill, he wants to give $80 billion of additional money to the internal revenue service. janet yellen wants to use the money, secretary treasury to hire a whole new army of irs agent. she's said she wants the agents to have access to your personal bank account, checking accounts. she said any check you would right or any deposit you would make or anything above $600 will have to be reported to the irs. their goal is to squeeze more money out of hard-working taxpayers and they want to use that money they squeeze out of hard-working taxpayers to pay for the gift big government socialist agenda. this is an invasion of privacy of american citizens. number two, it turned bankers and credit unions into de facto irs agents and they don't want any part of it. it's a topic that came up re
. >> the republican party will not allow the irs to spy on your banking account. on this single topic alone, i got more e-mails and calls in the last three weeks than any other item over the last times in the u.s. senate. as part of what the president is proposing, reckless tax and spending bill, he wants to give $80 billion of additional money to the internal revenue service. janet yellen wants to use the money, secretary treasury to hire a whole new army of irs agent. she's said she...
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Oct 20, 2021
10/21
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you must accept their carbon taxes because you are dei fromming the planet. democrats irsower grab. the same democrats telling you their government blow out cost nothing. they tell you the irs should track your bank accounts to pay for it. what about first cutting hundreds of billions of dollars in government waste? biden officials today again before congress trying to rewrite trump's history and success on covid vaccines. we have more workers around the country, health workers, first-responders and government unions at that are walking out because of biden's mandates. plus the backlash over british spy christopher steele. he is trying to defend as true his debunked trump russia files that he gave the fbi. it is worse than realized. the fbi fell for it. and the white house racing to cover up with a multitude of spins and a fog bank of rhetoric the border crisis. arrests are highest since the 1986 amnesty bill. senator ted cruz has a fix. put migrant points of entry what he calls fancy democrat enclaves. we've got his list. i'm elizabeth macdonald. "the evening edit," it st
you must accept their carbon taxes because you are dei fromming the planet. democrats irsower grab. the same democrats telling you their government blow out cost nothing. they tell you the irs should track your bank accounts to pay for it. what about first cutting hundreds of billions of dollars in government waste? biden officials today again before congress trying to rewrite trump's history and success on covid vaccines. we have more workers around the country, health workers,...
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Oct 13, 2021
10/21
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stacy, thank you for your time >> my pleasure >>> still ahead, could the irs be spying on your bank accountsparse through the proposal from the white house and tell you what's actually on the table. >>> plus, delta air lines on pace its worst day for the year after posting a profit on the quarter and rrwoies about rising fuel costs we'll hear from the ceo about all of that, ahead in 2016, i was working at the amazon warehouse when my brother passed away. and a couple of years later, my mother passed away. after taking care of them, i knew that i really wanted to become a nurse. amazon helped me with training and tuition. today, i'm a medical assistant and i'm studying to become a registered nurse. in filipino: you'll always be in my heart. ♪ >>> welcome back to "the exchange." we're well off the lows. the dow was down 263 at one point earlier on, now only 43 points and nasdaq by half a percent right now. here's some of the movers, the investors up by 30%. sun power and solar edge and the like putting these moves in perspective, invesco up 31%. sunpower, 50%. and hydrogen fuel, fed powell tal
stacy, thank you for your time >> my pleasure >>> still ahead, could the irs be spying on your bank accountsparse through the proposal from the white house and tell you what's actually on the table. >>> plus, delta air lines on pace its worst day for the year after posting a profit on the quarter and rrwoies about rising fuel costs we'll hear from the ceo about all of that, ahead in 2016, i was working at the amazon warehouse when my brother passed away. and a couple of...
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Oct 13, 2021
10/21
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for janet yellen and the irs at all interested in that? i think you know the answer. jim jordan of ohio is a ranking judiciary committee member, so congressman, let me see if i have this right. hunter gets wires from moscow, beijing, ukraine, and then he takes the money and moved it into a shared bank account he has with his dad, the big guy, joe biden, and then joe's bills get paid with this dirty money that's been moved, and i don't even know of joel reports that income to the irs. i doubt it. but if i could figure that out, don't you think the feds could, too? >> oh, you would think. hunter took, as you said, 100 million from ukrainian energy company, 3 million from a russian billionaire from a 4 million from companies with ties to the chinese communist party. did all of that money go in the joint account, 10% of the big guy from that now famous email? maybe the irs could find that out if they were not so quick busy checking what my mom spent last week in the bank account -- this is how goofy it gets. this is the scary part. this is where the left wants to go. fauc
for janet yellen and the irs at all interested in that? i think you know the answer. jim jordan of ohio is a ranking judiciary committee member, so congressman, let me see if i have this right. hunter gets wires from moscow, beijing, ukraine, and then he takes the money and moved it into a shared bank account he has with his dad, the big guy, joe biden, and then joe's bills get paid with this dirty money that's been moved, and i don't even know of joel reports that income to the irs. i doubt...
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Oct 26, 2021
10/21
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FBC
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reporter: white house hoping the beefed up irs proposal would beef up the tax revenue.y expected to get $780 billion over 10 years from this tax proposal but now that it has been thrown out, they will have to make up the money some other way. liz. elizabeth: great reporting. hillary thank you so much for your journalism there. joining us now, senator bill hagerty from senate banking. great to have you back on. what is the reaction to the development? now they're losing pay-fors for it, right? they can't pay for it. will this be dead in the water? what do you say? >> it is getting worse by the day. what we're seeing the democrats are in complete disarray. this $600, whether it is $600 or whether it es is $10,000, american people don't want the irs snooping in their accounts. i had treasury secretary yellen. what we heard was disturbing. what are you doing. we saw tax information given to "propublica" during the biden administration. they did it to attack the political enemies. what will they do to happen again. her answer -- >> get rid of the banner. we're showing the wr
reporter: white house hoping the beefed up irs proposal would beef up the tax revenue.y expected to get $780 billion over 10 years from this tax proposal but now that it has been thrown out, they will have to make up the money some other way. liz. elizabeth: great reporting. hillary thank you so much for your journalism there. joining us now, senator bill hagerty from senate banking. great to have you back on. what is the reaction to the development? now they're losing pay-fors for it, right?...
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Oct 16, 2021
10/21
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than the irs. say the people with the most money in their account, if they have money in an account, they probably have a certain level of participation that they're paying it tax experts and shielding it the way others can't. go to smerconish.com, which will worry democrats more that donald trump will steal the election in 2024 or win it outright? >>> still to come, can't wait for this, he helped start bruce springsteen's east street band. started his own. wound up playing tony soprano's consigliere, and now he's got it all. stevie van zandt is sheer. ♪ all night all night all night nothing else you can do ♪ to help keep the gum sealed tight. parodontax active gum repair toothpaste retirement income is complicated. as your broker, i've solved it. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way
than the irs. say the people with the most money in their account, if they have money in an account, they probably have a certain level of participation that they're paying it tax experts and shielding it the way others can't. go to smerconish.com, which will worry democrats more that donald trump will steal the election in 2024 or win it outright? >>> still to come, can't wait for this, he helped start bruce springsteen's east street band. started his own. wound up playing tony...
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Oct 25, 2021
10/21
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FBC
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they want the irs to start doing this? what do you say? t i say is nancy pelosi, let the cat out of bag. i hope the american people remember this. this is never about taxing the rich because there is not enough money amongst the rich to go get all of your money. you got to get everyone. you have to get the middle class. what they're trying to set up is to be able to go after pension plans because if you go after pension plans, then you might be able to come up with the money you're looking for because most stock purchases, most hold of stock interest, are held by pension plans in the united states and frankly around the world. but this shows the ludicrousness of this plan. they're scrambling to find money for their radical spending but here's the real story, there is not enough money washington can take to fund the things they want to spend money on and that is why they lie to us constantly to say they would don't anything. it won't cost the politicians. it will cost every american. elizabeth: they want to track $10,000 in aggregate transac
they want the irs to start doing this? what do you say? t i say is nancy pelosi, let the cat out of bag. i hope the american people remember this. this is never about taxing the rich because there is not enough money amongst the rich to go get all of your money. you got to get everyone. you have to get the middle class. what they're trying to set up is to be able to go after pension plans because if you go after pension plans, then you might be able to come up with the money you're looking for...
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Oct 8, 2021
10/21
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plan to address the immense backlog of tax returns with the irs commissioner, if so, what is the pay on. >> we have discussed this with commissioner he is addressing and i would be happy to get you more details my apologies if we haven't responded in a timely way i promise to do so quickly. >> would be fair to say the irs does have a plan in place to present this level backlog in the future? >> we are trying to add to the irs resources so they will be able to handle these things in a more expedited fashion. >> so we can perhaps expect a communication from your office in the next five days or so. >> we will try to get you that communication. >> thank you secretary yellen with the treasury approaching the debt limit, i know this is something that you identified and expressed concern over it makes you question when america will become the next greece, when in your view do we have to say enough is enough with our deficit in our debt. >> and thinking about what is a reasonable level of debt there are a number of different metrics that one might look at
plan to address the immense backlog of tax returns with the irs commissioner, if so, what is the pay on. >> we have discussed this with commissioner he is addressing and i would be happy to get you more details my apologies if we haven't responded in a timely way i promise to do so quickly. >> would be fair to say the irs does have a plan in place to present this level backlog in the future? >> we are trying to add to the irs resources so they will be able to handle these...
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Oct 13, 2021
10/21
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when the democrats want more irs power to go after you for their big spending. thanks for joining us. i'm elizabeth macdonald. "the evening edit" starts right now. ♪. liz: welcome to the show. you're watching the fox business network. we begin with the president meeting today with big box retailers. they say they will work around the clock 24/7 to unclog the worsening supply chain bottlenecks. they will deploy their ownerships and trucks. the white house is saying it is taking action. it says, you the private sector, you have to step up. you port operators, you labor unions you have to work around the clock. here is the question, will christmas get hit and hit hard? edward lawrence at the white house with more. good to see you. reporter: liz, the white house touting all of the work it has done behind the scenes on the supply chain issue for the past couple months. today the president announcing they brokered an agreement between unions and port of los angeles to ramp up to 24/7 operations. the president also securing agreements for shipping companies, large shipp
when the democrats want more irs power to go after you for their big spending. thanks for joining us. i'm elizabeth macdonald. "the evening edit" starts right now. ♪. liz: welcome to the show. you're watching the fox business network. we begin with the president meeting today with big box retailers. they say they will work around the clock 24/7 to unclog the worsening supply chain bottlenecks. they will deploy their ownerships and trucks. the white house is saying it is taking...
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Oct 6, 2021
10/21
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another top executive resigning, as calls grow to do more >>> the irs pushing to see your bank account the new proposal, and why the treasury secretary is for it >>> police swarm a vehicle outside the supreme court. the nation critically low on books. and technology turning heads inside the casino of the future. >> announcer: live from cnbc, the facts, the truth, the news with shepard smith. >>> good evening facebook is morally bankrupt and can be saved only by apologizing and admitting it needs congress' help that from a whistleblower today, a former facebook employee named frances haugen, who gave congress an unprecedented look at the company, to prove what she says is facebook's assault on children, public safety and democracy as a whole she says facebook has long known about the harm that it's doing, but insists it puts astronomical profits over safety and lies to all of us. >> i saw facebook repeatedly encounter conflicts between its own profits and our safety facebook consistently resolved these conflicts in favor of its own profits. the result has been more division, more harm,
another top executive resigning, as calls grow to do more >>> the irs pushing to see your bank account the new proposal, and why the treasury secretary is for it >>> police swarm a vehicle outside the supreme court. the nation critically low on books. and technology turning heads inside the casino of the future. >> announcer: live from cnbc, the facts, the truth, the news with shepard smith. >>> good evening facebook is morally bankrupt and can be saved only by...
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Oct 8, 2021
10/21
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CSPAN3
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, and this is the form you submit to the irs that includes the name of your large donors. of course california is where a lot of the money in the country is. new york, by the way, followed suit, so pretty soon charities that would not disclosure donors to the attorney generals of new york and california could not solicit in those states, probably the two wealthiest states in the country, a place where you find a great number of large donors. this was challenged by americans for prosperity foundation and the thomas moore legal center, and these two organizations, one in the trial court, lost in the 9th circuit, and eventually brought their claim to the supreme court. again, the argument was they have a right to keep their donors private unless the state has a need for the organization. both groups conceded if the state were really investigating them for fraud or something or needed the information some way, they could get it through an audit letter or subpoena. it was just the bulk collection of this information from literally tens of thousands of charities that was problem
, and this is the form you submit to the irs that includes the name of your large donors. of course california is where a lot of the money in the country is. new york, by the way, followed suit, so pretty soon charities that would not disclosure donors to the attorney generals of new york and california could not solicit in those states, probably the two wealthiest states in the country, a place where you find a great number of large donors. this was challenged by americans for prosperity...
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Oct 6, 2021
10/21
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the irs now gets to look at their bank account for every little transaction. ve a feeling they are not going to have the same scrutiny for the people walking across the border. they are not scrutinizing the drug traffickers, the sex traffickers which are all running rampant. they're too busy making sure if someone's grandmother was within 1,000 miles of the capital on january 6th. that is what is going on in these institutions and i hope we don't have to hit rock bottom for america to realize that we are slowly losing to the communists because that is exactly what is happening in my opinion. >> sean: i said last night, it's an issue or choice between leaving and abandoning americans behind enemy lines in afghanistan's or if you mean tweets like we would bubble in phase over alka-seltzer, i will take the mean tweets. if it's the chaos at the border in the middle of a pandemic with no background, health checks whatsoever, i think i will choose the mean tweets. again, if it's energy independence and mean tweets, i think i will choose the mean tweets again. if it i
the irs now gets to look at their bank account for every little transaction. ve a feeling they are not going to have the same scrutiny for the people walking across the border. they are not scrutinizing the drug traffickers, the sex traffickers which are all running rampant. they're too busy making sure if someone's grandmother was within 1,000 miles of the capital on january 6th. that is what is going on in these institutions and i hope we don't have to hit rock bottom for america to realize...