IRS workers would be prohibited from using private email to conduct official business under a bipartisan bill passed Wednesday by the House Ways and Means Committee.
Read More »FACT CHECK: Higher taxes to balance GOP budgets
The new House and Senate Republican budgets make a big boast: They both balance the federal budget within 10 years, without raising taxes. Their own numbers, however, say millions of American families and businesses would have to pay more in taxes to make the math work.
Read More »Improper payments by federal agencies reach a record $125B
Federal agencies set a new record for improper payments last year, shelling out $125 billion in questionable benefits after years of declines.
Read More »Flawed Social Security data say 6.5M in U.S. reach age 112
Americans are getting older, but not this old: Social Security records show that 6.5 million people in the U.S. have reached the ripe old age of 112.
Tagged with: Social Security
Read More »Fake IRS agents target more than 366,000 in huge tax scam
Fake IRS agents have targeted more than 366,000 people with harassing phone calls demanding payments and threatening jail as part of a huge nationwide tax scam that has cost taxpayers $15.5 million.
Read More »CBO: Slowing costs reduce price of health care overhaul
Slowing health care costs are driving down the price tag of President Barack Obama's health overhaul, just as the Supreme Court is weighing whether to strike a key part of the law.
Read More »Rubio-Lee tax plan rewards investors, parents, businesses
With an eye toward a possible run for the White House, Republican Sen. Marco Rubio signed onto an extensive plan Wednesday to cut taxes for investors, parents and businesses in an effort to spur economic growth and create jobs.
Read More »House GOP pushes tax cuts despite veto threat over costs
House Republicans are advancing a series of tax cuts this week affecting millions of businesses and individuals, despite White House veto threats over adding more than $300 billion to the budget deficit over the next decade.
Read More »IRS apologizes for seizing bank accounts of small businesses
Pressured by Congress, the IRS said Wednesday it is changing its policies and apologizing for seizing bank accounts from otherwise law-abiding business owners simply because they structured bank transactions to avoid federal reporting requirements.
Read More »Lew slams door on efforts to lower top individual tax rate
Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation’s tax laws by lowering the top income tax rate paid by individuals, saying Wednesday that Democrats and Republicans are too far apart to forge such a sweeping package.
Read More »House rule sets up election-year battle over Social Security
Buried in new rules that will govern the House for the next two years is a provision that could force an explosive battle over Social Security's finances on the eve of the 2016 presidential election.
Tagged with: Social Security
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