And Russia will continue to laugh, as they know just how crooked the IRS is. As the US tries to punish Russia for its actions in Ukraine, the Treasury Department is deploying an economic weapon that could prove more costly than sanctions: the IRS. I bet Putin is trembling in his boots. This summer, the U.S. plans to start using a new law that will make it more expensive for Russian banks to do business in America.
We’re now finding out that Obama administration’s Treasury Department and former IRS official Lois Lerner conspired to draft new 501(c)(4) regulations to restrict the activity of conservative groups in a way that would not be disclosed publicly, according to the House Committee on Ways and Means. The Treasury Department and Lerner started devising the new rules “off-plan,” meaning that their plans would not be published on the public schedule. They planned the new rules in 2012, while the IRS targeting of conservative groups was in full swing, and not after the scandal broke in order to clarify regulations as the administration has suggested.
Rising security concerns over the sale of a bankrupt U.S. battery company to a Chinese automaker were re-aired during a classified briefing Thursday afternoon. Those that attended the meeting included members of the Senate Banking Committee, as well as some Senate leaders’ staff members, a congressional source said.
Whether or not we tumble over January 1, that won’t be the end of it. With the political climate toxic in Congress as the cliff’s steep tax hikes and spending cuts approach, other partisan fights loom, all over the issue that has paralyzed the capital for the past two years: federal spending.
The true government debt burden is vastly underestimated, because the TreasuryDepartment’s balance sheet doesn’t list unfunded liabilities for Medicare, Social Security, and other big obligations, according to Chris Cox and Bill Archer.
The first 4 years, and hopefully the last are just about over. And throughout the years of the Obama Administration, his cabinet members came and went. But there are still 4 diehard members who remain to this, and still back and often defend Obama and his policies.