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      internal revenue service

      Senate Dems Urge Treasury Chief to Crack Down on Rich Tax Dodgers

      Senate Dems Urge Treasury Chief to Crack Down on Rich Tax Dodgers

      "The Treasury Department can and should exercise the full extent of its regulatory authority to limit this blatant abuse of our tax system by the ultrawealthy."

      Jessica Corbett
      Mar 21, 2023

      Four U.S senators this week called on Treasury Secretary Janet Yellen to use her existing authority to go after American billionaires and multimillionaires who "use trusts to shift wealth to their heirs tax-free, dodging federal estate and gift taxes."

      "They are doing this in the open: Their wealth managers are bragging about how their tax dodging tricks will be more effective in the current economy," stressed Sens. Elizabeth Warren (D-Mass.), Chris Van Hollen (D-Md.), Bernie Sanders (I-Vt.), and Sheldon Whitehouse (D-R.I.).

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      us treasury department
      House Speaker Kevin McMarthy

      Dems Blast House GOP for Bill Adding $114 Billion to Deficit By Enabling Tax Cheats

      "Once again," said Congressional Progressive Caucus Chair Pramila Jayapal, Republicans are "putting politics over poor and working people."

      Brett Wilkins
      Jan 09, 2023

      Progressive U.S. lawmakers on Monday took House Republicans to task after the Congressional Budget Office said the erstwhile deficit hawks' first bill before the 118th Congress—a measure critics say is meant to "protect wealthy and corporate tax cheats"—will swell the federal deficit by more than $100 billion.

      "They all run on reducing the deficit and now the House GOP's first... bill will increase the deficit by $114 billion," tweeted Rep. Ilhan Omar (D-Minn.). "Make it make sense."

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      house republicans
      Rep. Steve Scalise

      House GOP's Top Priority If They Ever Get a Speaker? Protect Wealthy Tax Dodgers

      "In their first legislative vote, Republicans will vote to repeal $9 out of every $10 in new IRS funding," said Americans for Tax Fairness. "All to protect their rich tax cheat friends from paying taxes they owe."

      Brett Wilkins
      Jan 04, 2023

      Republicans began their control of the 118th Congress Tuesday with a narrow majority that failed six times to elect a speaker but had in hand "hit-the-ground-running" plans to pass legislation that critics say will "protect wealthy and corporate tax cheats" by rescinding tens of billions of dollars in new Internal Revenue Service funding in the Inflation Reduction Act.

      On Monday, Steve Scalise (R-La.), a party leader, said that the lower chamber's first order of business after electing a speaker will be taking up the Family and Small Business Taxpayer Protection Act.

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      taxation
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