Economics

Policy: U.S. Economics

Survey of US Economists on a $15 Federal Minimum Wage

Survey of US Economists on a $15 Federal Minimum Wage

Executive Summary The University of New Hampshire Survey Center conducted a survey of economists for the Employment Policies Institute (EPI). The specific areas of interest are...
Internal Revenue Service (IRS) Building

IRS Plans to Go After ‘Complex Partnerships’ to Close Vulnerable Tax Gap

IRS is planning to address what it calls “large, complex partnerships” in an attempt to go after business entities that avoid paying taxes by abusing a loophole.

State AGs Blast Biden, Wall Street Plan to Sell Rights to America’s Public Lands

Plan by NYSE to create NACs, to buy up land rights throughout America, faced heavy criticism from 25 state AGs, who, in letter, urged SEC to reject the concept.
Internal Revenue Service (IRS)

IRS Expansion Led to 53 Percent Increase in Prosecutions: Report

Additional staffing and a post-pandemic focus on tax fraud have led to the IRS and its USSC prosecuting 53 percent more tax offenders in the past two years
Social Security Money

Social Security Will No Longer Withhold 100 Percent of Monthly Benefits to Recover Overpayments

Lawmakers have criticized the 100 percent withholding policy as being a burden to vulnerable Americans dependent on their benefits.
Washington Internal Review Service (IRS)

‘Delinquent Millionaires’: IRS Announces Targeting of High-Income Americans for Tax Evasion

IRS pursuing “high-income individuals evading taxes” at time when agency is increasingly facing heat for auditing a higher percentage of lower-income Americans.

Shotgun Marriage: Bidenomics and Wall Street Get Fitched

When you “Fitch” your wagon to Bidenomics, the American government gets its credit rating downgraded, and cold water gets dumped over heads of Wall Street bulls.

Social Security Agency Demands Americans Pay Them Back After Overpaying

A bevy of reports indicated that some Americans are receiving demands from the Social Security Administration to repay agency after they were overpaid benefits.
Internal Revenue Service (IRS) Building

IRS Ends Most Unannounced Agent Visits to Taxpayers’ Homes

IRS has announced a major yet “common-sense” policy change that will end most unannounced agent visits to taxpayers’ homes, mostly because of security concerns.

House Democrats ditch “Bidenomics” messaging

House Democrats have rejected White House's months-long campaign to sell term "Bidenomics" going into 2024 election divided on communicating on U.S. economy.
Congress Can Raise the Debt Ceiling or Default on Debt

Everything You’ve Heard About the Debt Limit is Wrong

Popular narratives about why national debt has become so massive are false. Two of the most common are that tax cuts and military spending are largely to blame.
Washington Internal Review Service (IRS)

IRS Targets ‘High-Income Taxpayers,’ Collects $520 Million

IRS collected some $360 million from tax-delinquent millionaires, coming after the federal agency collected about $122 million from wealthy Americans in October.