WASHINGTON – The Biden administration says wealthy Americans withhold more than $600 billion in unpaid taxes from the Treasury every year, and it has proposed a detailed plan to bulk up the Internal Revenue Service’s enforcement arm in an effort to increase tax compliance among high net worth individuals. Total unpaid taxes “will rise to […]
“Burning it down on the way out the door. There is no reasonable justification for this.” Treasury Secretary Steve Mnuchin is under fire for attempting to undermine the incoming Biden administration’s response to the Covid-19 pandemic on his way out the door after his department confirmed Tuesday that it intends to place $455 billion in […]
Treasury Secretary Steve Mnuchin on Sunday recycled a debunked right-wing talking point to justify the GOP’s proposal to cut by more than half the $600-per-week federal boost in unemployment benefits that expired at the end of last week, depriving around 30 million Americans of a key economic lifeline as joblessness remains at historic levels. In an appearance on ABC‘s […]
After Treasury Secretary Steve Mnuchin on Tuesday missed yet another deadline to turn over President Donald Trump’s tax returns and signaled he has no intention of willingly giving Congress the documents, progressive advocacy groups urged Democrats to try to force the White House’s hand with a subpoena or a possible contempt charge. [pullquote]”Neal was stymied by […]