Key Democrat outlines 5 priorities for $80 billion in IRS funding

Senate Finance Committee Chairman Ron Wyden, D-Ore., has outlined five priorities for nearly $80 billion in new IRS funding. Goals for the 10-year investment include customer service, technology,...

Key Democrat outlines 5 priorities for $80 billion in IRS funding

Senate Finance Committee Chairman Ron Wyden, D-Ore., has outlined five priorities for nearly $80 billion in new IRS funding. Here's a breakdown of each one.

Lack Of Guidance Regarding Stock Buyback Excise Tax Worries Companies

The intention of Senate Finance Committee Chair Ron Wyden was clear in advocating for the excise tax on stock repurchases: to stop “mega-corporations” from using stock buybacks to “juice their...

"Historic Levels Of Fraud": US Watchdog Estimates $45.6 Billion Bilked From Pandemic Unemployment Program

"Historic Levels Of Fraud": US Watchdog Estimates $45.6 Billion Bilked From Pandemic Unemployment Program A federal watchdog has found that $45.6 billion may have been scammed out of...

Taibbi: The Washington Post Dabbles In Orwell

Taibbi: The Washington Post Dabbles In Orwell Authored by Matt Taibbi via TK News, A Monday story in the Washington Post entitled “Putin grants citizenship to Edward Snowden, who...

Senators push to reform police's cellphone tracking tools

NEW YORK (AP) — Civil rights lawyers and Democratic senators are pushing for legislation that would limit U.S. law enforcement agencies’ ability to buy cellphone tracking tools to follow people’s...

Documents: multiple US military branches have bought access to Team Cymru's Augury internet monitoring tool, which...

Multiple branches of the U.S. military have bought access to a powerful internet monitoring tool that claims to cover over 90 percent of the world’s internet traffic, and which in some cases...

Manchin's big energy deal draws pushback from many Dems

WASHINGTON (AP) — Democrats desperately needed the vote of Sen. Joe Manchin of West Virginia to get their signature legislative priority across the finish. So they did what Washington does best:...

Senators introduce the next retirement savings proposal

Senators Ron Wyden and Mike Crapo introduced the Enhancing American Retirement Act on Thursday. The two serve as Senate Finance Committee Chair and Ranking Member, respectively. “Americans deserve...

White House and Senate Democrats eye child tax credit Hail Mary

The White House is engaging with Senate Democrats about making one last push for an enhanced child tax credit this year — and may dangle support for former President Trump's expired research and...

Top tax policy Democrat says Republicans want to keep the status quo so only 'little guys' get audited but...

"By attacking the IRS, Republicans are helping high-flying tax cheats get away with breaking the law," Senate Finance chair Ron Wyden said.

Key Words: ‘Makes their blood boil’: Democrats criticize billion-dollar companies for paying low tax rates

More than 100 U.S. companies are paying an average effective tax rate of 1.1%, according to new data. The data was released on Thursday by Senate Finance Committee Chair Ron Wyden, a Democrat from...

In a Post-Roe World, the Future of Digital Privacy Looks Even Grimmer

In states that have banned abortion, some women seeking out-of-state options to terminate pregnancies may end up following a long list of steps to try to shirk surveillance. Law enforcement...

Senate Dems call out Apple, Google mobile tracking, warn of abortion-related data privacy risks

Democratic senators urge FTC to investigate Apple and Google. They say the companies failed to warn consumers about the potential harms associated with tracking IDs in their mobile operating...

Treasury reaps windfall even without Democrats' tax increases

Individual income tax receipts are set to reach an all-time high. The surge could prove awkward for Democrats hoping to revive their “reconciliation’ spending package, which would hike a number of...

Biden ally pushes Big Oil surtax to eliminate 'perverse' incentives to price gouge

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Oil prices settle down on fears of Fed and oil profit tax

Brent crude futures settle down $1.10, or 0.9%, to $121.17 a barrel. Most Fed watchers had expected the U.S. central bank to hike rates by 50 basis points. But after Friday's surprisingly strong...

Pile-on over PBMs continues with FTC comments and a new bipartisan Senate bill

More than 500 stakeholders sent comments to the FTC on whether the commission should look further into pharma middlemen, known as PBMs. Many of the commenters called for more federal oversight....

Senate confirms Lael Brainard as Fed vice chair

The U.S. Senate confirmed Lael Brainard to be the Federal Reserve's next vice chair. Brainard's promotion is unlikely to change the Fed's plan to increase short-term interest rates to try to cool...

CIA collecting Americans' data in ‘bulk’ without oversight, Sens. Ron Wyden and Martin Heinrich say

The Central Intelligence Agency is collecting information on Americans without supervision from Congress or any other branch of government, two Democratic senators alleged in a newly declassified l…

CIA is secretly collecting bulk data pertaining to Americans, senators say

A partially redacted letter from Sens. Ron Wyden, D-Ore., and Martin Heinrich, D-N.M., said the program existed outside the normal bounds of oversight.

Privacy Advocates, Lawmakers Concerned About IRS's Facial Recognition Plan

The IRS will soon require people to use facial recognition technology to access parts of the agency’s website. The agency said it did not plan to require facial recognition for filing tax returns,...

Timeline of Elon Musk, Elizabeth Warren feud over tax policy

Elon Musk is the world's richest man and Time's 2021 person of the year. Musk has been targeting Democratic senators criticizing how much he pays in taxes. One repeated target is Sen. Elizabeth...

Elon Musk and Elizabeth Warren have traded criticisms over taxing the ultra-wealthy. Here are some of the most...

Elon Musk is the richest man in the world. Musk has been targeting Democratic senators criticizing how much he pays in taxes. One repeated target is Sen. Elizabeth Warren, with the two tweeting...

Elon Musk sells another $906.5 million worth of Tesla shares

Elon Musk sold another 934,091 shares of his electric car company, which are worth around $906.49 million. Musk also exercised options to buy 2.134 million shares of Tesla at the strike price of...

Progressives erupt over Elon Musk's selection as TIME 'Person of the Year': 'What an absolute disgrace'

Elon Musk's selection as 2021 TIME Person of the Year drew a sharp reaction from progressives online Monday. "What an absolute disgrace," one wrote. "Musk has spent a lifetime defying the haters;...

US Senators Introduce New Bill That Seeks To Amend Crypto Provision in Newly Signed Infrastructure Package

Two U.S. senators are introducing legislation to amend the crypto provision of the infrastructure bill that President Biden just signed into law. Democrat Ron Wyden and Republican Cynthia Lummis...

Senators Seek To Amend Bitcoin Reporting Changes In Infrastructure Bill

The infrastructure bill’s text extends cash-focused section 6050I to contemplate cryptocurrency transactions. A bipartisan team of U.S. senators is introducing a bill to restrict tax reporting...

Sen. Ron Wyden's son on taxing billionaires and defending Elon Musk

Adam Wyden, son of Sen. Ron Wyden and founder of ADW Capital Partners, joins 'Squawk Box' to discuss his recent "tongue-in-cheek" tweet criticizing the senat...

Big Short' investor: Musk wants to sell Tesla stock over falling shares

Michael Burry made famous in ‘The Big Short’ for his financial crisis housing bets. In a now-deleted tweet, he suggested Musk is selling Tesla shares to cash out of his position as the stock...

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