There’s no doubt that both the FBI and IRS are having a tough moment with the public. Perceptions that the national police agency is at war with half of the population have eroded its standing, while Biden administration plans to super-size the tax-collection agency further sour public perceptions of that never-popular arm of government. It […]
Happy Friday, Reason Roundtable listeners! You already know Peter Suderman as a panelist on The Reason Roundtable. But now Suderman also has a podcast of his own, The Reason Rundown, which features a single Reason journalist talking about a single big issue every Friday. This week’s guest is another Roundtable member—Matt Welch, who’s talking about […]
Congressional Democrats have put the finishing touches on a questionable bet: that higher taxes will help tame rising prices, and that voters will reward the effort. On Friday afternoon, the House of Representatives approved a $300 billion tax hike with a party-line vote, 220–207, sending the Inflation Reduction Act to President Joe Biden’s desk. It […]
As the House of Representatives, as early as this afternoon, prepares to give the Internal Revenue Service the biggest single funding boost in its history, top Democrats have been busy escalating their already implausible claims that goosing the IRS enforcement budget by 69 percent over a decade, hiring 87,000 additional new staffers at an agency […]
The climate, health care, and tax bill known as the Inflation Reduction Act that was recently passed in the Senate allocates $80 billion to expand the Internal Revenue Service (IRS) with the aim of bringing in hundreds of billions of dollars in additional tax revenue. A little more than half of the $80 billion is […]
Since the Inflation Reduction Act passed the Senate and is now headed to the House for a Friday vote, Republicans have loudly critiqued the IRS-supersizing provisions while Democrats have tried to assure voters that hiring an additional 87,000 tax-collecting agents, as the legislation calls for, will not lead to higher audit rates for middle- and […]
In this week’s The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Peter Suderman, and Nick Gillespie take further issue with provisions in the Inflation Reduction Act. 1:43: IRS expansion 10:04: The insulin controversy 25:17: Weekly Listener Question: I would like to ask you about the state of freedom in the U.S.A. and the state of […]
The U.S. Senate passed the misleadingly named Inflation Reduction Act on Sunday before senators adjourned until September. The bill—which allocates around $740 billion—passed with a tie-breaking vote from Vice President Kamala Harris; it will now head to the House of Representatives, which is expected to vote on it Friday. Democrats say the bill will curb […]
After months of acrimonious infighting, Sen. Joe Manchin (D–W.Va.) and Senate Majority Leader Chuck Schumer (D–N.Y.) have reached a deal on a spending bill, portrayed as a means of fighting inflation, that will devote federal money to climate change initiatives, clean energy, and reducing the deficit. The spending bill, called the Inflation Reduction Act of […]