Biden policy to help IRS collect up to $851 billion in back taxes from ultra-wealthy
| February 9, 2024
Using funds provided by the Inflation Reduction Act, the IRS has already collected more than $520 million from 1,600 millionaires who had unpaid tax bills of more than $250,000. The IRS could collect as much as $851 billion in additional tax revenue over the next decade.
Republicans cave to Trump, block border security deal they demanded
| February 8, 2024
After years of claiming that border security was a “top priority” for them, House and Senate Republicans killed a long-awaited, bipartisan deal they insisted on amid pressure from former President Donald Trump.