The sweeping Trump-era tax cuts in the Tax Cuts and Jobs Act of 2017 are set to expire next year, setting up the tax debate as a potentially key political issue this election year.
While illegal immigration and inflation top Americans’ list of concerns, both parties are increasingly talking about the Trump-era tax cuts, which President Joe Biden has said he will allow to expire next year.
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There are red flags aplenty: Loan repayments between Joe Biden and his brother; millions in promissory notes between Hunter Biden and a Democrat-donating Hollywood lawyer; and debt deals from Ukraine to China.
As the House impeachment inquiry heats up, investigators are increasingly focused on a trail of red ink that has become a recurring theme in evidence chronicling the first family’s finances.
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A retired FBI supervisor has revealed to Congress that the bureau’s Washington field office had a second “politically connected” informant providing information relevant to the Biden family investigation, but was asked to shut down the source in the fall of 2020 shortly before Joe Biden was elected president, Just the News has learned.
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The House Ways and Means Committee took final steps Tuesday to release to the public as early as this week the testimony and evidence from an IRS whistleblower who alleges the Justice Department gave favorable treatment to Hunter Biden and engaged in political interference in the criminal tax case against the first son.
Committee Chairman Jason Smith, R-Mo., scheduled an executive session for 8 a.m. Thursday where lawmakers are expected to vote to free the whistleblower evidence and testimony of IRS supervisory criminal agent Gary Shapley from the 6103 privacy requirements that normally shield Americans’ tax information from public disclosure.
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The new head of the powerful House Ways and Means Committee blasted the Biden administration for giving few answers after thousands of taxpayer files were leaked to an outside group.
House Ways and Means Chairman Rep. Jason Smith, R-Mo., sent a letter to Russel George, the Treasury Department’s Inspector General for Tax Administration, raising concerns about the leak of “confidential tax information” and the lack of accountability over that leak.
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