Following Deputy Treasury Secretary Wally Adeyemo’s statement that the IRS requires an additional $20 billion to maintain operations, Elon Musk conducted a poll on X, asking users whether the agency’s budget should be increased, remain the same, decreased, or deleted. A significant majority (60.6%) of over 212,000 respondents voted to “delete” IRS funding. This comes as a continuing resolution prevents the IRS from accessing $20 billion in previously allocated funding, potentially halting progress on tax compliance initiatives. Experts warn that withholding these funds could severely impact the IRS’s ability to function.
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Ultra-rich entrepreneurs threatening to desert Britain over tax? Let them go. It’s time for countries to call the bluff of these individuals who believe they can dictate terms based on their wealth. The idea of the ultra-rich fleeing to tax havens like Switzerland or Singapore should not deter policymakers from implementing fair tax policies. These billionaires rely on the infrastructure and resources of the countries they operate in, so they can’t simply up and leave without consequences.
The argument that these individuals contribute to society by driving up home prices and funding high-end services that benefit only themselves is flawed. The accumulation of extreme wealth often comes hand in hand with corruption and exploitation.… Continue reading
It’s inspiring to see someone like Melinda French Gates stepping up to donate a billion dollars to women’s rights. The impact of this kind of donation could potentially change the lives of so many women around the world. However, it does make me question why billionaires like her aren’t required to pay a fair share in taxes, like the rest of us do. Imagine the significant change we could make if everyone at that level contributed equally.
Nonetheless, it’s disheartening to see the cynicism and skepticism surrounding such generous donations. I understand the concerns about how the money will be used and whether it will truly benefit those in need.… Continue reading
It’s disheartening to see the level of political pettiness and selfishness on display in the Republican Party. The revelation that a GOP senator doesn’t want to pass a tax bill because it could make President Biden “look good” is a testament to their party-over-country mentality. It’s infuriating to think that elected officials are more concerned with political points than with helping the American people.
The fact that the bill in question doesn’t even include checks for Americans, but rather a tax credit, makes the senator’s opposition even more nonsensical. It’s clear that their goal is not to serve the American people or improve the economy, but to ensure that Democrats don’t succeed in anything.… Continue reading
What’s funny is you’re right. Trumps tax overhaul (while OVERWHELMINGLY helping the rich, especially by lowering the corporate tax rate to 21%).
It did also help middle class people by raising the standard deduction and reduced tax brackets somewhat.
But oh no, the business benefits are permanent while the middle class benefits expire in 2025.
What’s that? The only reason the middle class got anything at all was that Democrats threatened to filibuster at the time.
Again what have republicans done for the middle class that you or anyone would believe they are on anyone’s side but the very rich?
When lower class people get money, they spend it.… Continue reading
John Q. Hosedrinker 
Matt Underwood