How much money could Biden raise for infrastructure through tougher IRS enforcement? It's not clear
CNN
President Joe Biden wants to raise money for his ambitious economic agenda by ramping up enforcement at the Internal Revenue Service -- a way for the federal government to spend more money without raising taxes or adding to the deficit, making it a win-win in the eyes of lawmakers.
The latest infrastructure proposal agreed to by the White House and a bipartisan group of senators suggests that an additional $100 billion could be collected by the IRS over the next 10 years by simply beefing up enforcement and making sure the government is collecting what taxpayers actually owe -- also known as closing the "tax gap." Biden also suggested earlier in the year that if he could boost the IRS's budget by $80 billion to pay for enforcement, he could increase revenue for the government by $700 billion over 10 years -- money he'd use to fund his American Families Plan, which would invest in child care, pre-K and colleges.
President-elect Donald Trump on Friday announced Republican Rep. Lori Chavez-DeRemer of Oregon as his pick to serve as the next secretary of the Department of Labor.
Tulsi Gabbard, Donald Trump’s pick to lead the intelligence community, was briefly placed on a Transportation Security Administration list that prompts additional security screening before flights after her overseas travel patterns and foreign connections triggered a government algorithm earlier this year, three sources familiar with the matter told CNN.
The Supreme Court agreed Friday to wade into a fight over Congress’ ability to delegate power to federal agencies — opening the next chapter in a decadeslong effort by conservatives and business interests to reduce the power of the federal government.
At least three professional sports leagues warned their teams this week that organized and skilled groups are targeting the homes of athletes for break-ins, including while the players are away at games. The warnings came after reports of burglaries at the homes of players in the NBA and the NFL.
The Nicaraguan parliament, dominated by the ruling Sandinista Front, on Friday approved a constitutional reform that hands more power to President Daniel Ortega as well as the Central American nation’s police and military.
A Norwegian man working as a security guard for the US Embassy in Oslo was arrested this week on allegations of spying for Russia and Iran.
Gorilla at Calgary Zoo died after worker mistakenly activated wrong door, zoo officials say
President-elect Donald Trump is expected to offer Kelly Loeffler the job as of secretary of the Department of Agriculture, two people familiar with the matter told CNN.
Former Florida Rep. Matt Gaetz, who withdrew from consideration as President-elect Donald Trump’s pick for attorney general on Thursday, said Friday he will not be returning to Congress next year.
Republican Dave McCormick will defeat Pennsylvania Sen. Bob Casey, CNN projects, boosting the GOP majority in the Senate next year.
The judge overseeing Donald Trump’s criminal hush money trial has adjourned his sentencing which was set for next week.