Tax System

Some individuals can expect a Medicare tax increase under the new budget proposal scheduled to be unveiled this week by the Biden administration.

A group of House Republicans is supporting legislation that would replace federal income, payroll, estate, and gift taxes with a 30 percent national sales tax.

The final act of the Democrat majority on the House Ways and Means Committee was to make public several years of Donald Trump’s tax returns, which the Committee obtained after a prolonged legal battle.

Not a week had gone by after the midterm elections before California governor Gavin Newsom’s presidential possibilities were being talked up.

The Inflation Reduction Act, passed by both houses, includes a 15 percent corporate minimum tax, which will be a major step toward increased government powers and forced globalization on top of being detrimental to the economy.

West Virginia Senator Joe Manchin recently claimed the 15 percent corporate minimum tax contained in the Inflation Reduction Act, which should be called the Inflation Creation Act, is not a tax increase.

The IRS unnecessarily spent $725,000 on ammunition from March to June this year.

Others express worries over U.S. politics.

Two Republican lawmakers, James Comer (R-Ky.), ranking member of the House Committee on Oversight and Reform, and Nancy Mace (R-S.C.), ranking member of the Subcommittee on Civil Rights and Civil Liberties, have written a letter asking the Internal Revenue Service (IRS) to explain the destruction of 30 million paper-filed tax documents last year.

Madam Speaker, Madam Vice President, our First Lady and Second Gentleman. Members of Congress and the Cabinet. Justices of the Supreme Court. My fellow Americans.