Five Moderate Dem Senators Reject Biden’s Pick for Top Bank Watchdog

[EMNofSeattle]

You do understand that you are falling down the path that rich taxpayers want you to right? Smaller IRS enforcement benefits them far more than it hurts poor taxpayers.

"The United States is losing $1 trillion in unpaid taxes every year, Charles Rettig, the Internal Revenue Service commissioner, estimated on Tuesday, arguing that the agency lacks the resources to catch tax cheats. The so-called tax gap has surged in the last decade."

Tax cheats cost the U.S. $1 trillion per year, I.R.S. chief says. (Published 2021)

Charles Rettig, the I.R.S. commissioner, attributed the growing tax gap to the rise of the cryptocurrency and the abuse of pass-through provisions in the tax code by companies.

www.nytimes.com

If we’re losing one trillion in taxes due to cheating and the IRS at current staffing cannot enforce that then that actually means the tax code is too complex and taxes too high so it incentivizes tax avoidance.

 

[Fishking]

According to Republican propaganda websites.

Just observation.

 

[Patriotic Voter]

Just observation.

Yeah, observations from conservatives who lie about Democrats.

 

[Fishking]

Yeah, observations from conservatives who lie about Democrats.

Lol...no. All I have to do is listen to the Democrats themselves. They are all about collectivism.

 

[Patriotic Voter]

LOL No. All I have to do is listen to the Democrats themselves. They are all about collectivism.

A Republican propaganda source conveniently pulled something from somewhere and took out the context.

 

[Fishking]

A Republican propaganda source conveniently pulled something from somewhere and took out the context.

Lol...it wasn't out of context. What a ****ing pathetic excuse....I mean, I didn't expect you to be honest but I'm still a bit shocked at how brazenly dishonest you were.

 

[Patriotic Voter]

I didn't expect you to be honest but I'm still a bit shocked at how brazenly dishonest you were.

Can you show me printed text that is not from social media instead of a YouTube video?

 

[Kushinator]

Biden ordered you to never accept facts, so go run and hide from facts - as is what your message is about.

I've refuted any and all nonsense regarding you and your cult's ignorance of her research. As stated, you don't possessed the knowledge to articulate a worthy response. So troll away... it's all you have to offer.

 

[Kushinator]

She's a Soviet sympathizer.

She is not. Nothing you can bring forth can substantiate this worthless claim. And so you won't. Just more attacks on her character.

 

[Kushinator]

Does Marxist work better for you??

Nope. You're repeating what you're told to believe.

 

[mrjurrs]

If we’re losing one trillion in taxes due to cheating and the IRS at current staffing cannot enforce that then that actually means the tax code is too complex and taxes too high so it incentivizes tax avoidance.

No, it means that continually cutting IRS budgets has resulted in ineffective enforcement.

I don't disagree that the tax code is too complex, but until they change the rules tax evasion hurts everyone and remains a crime.

 

[EMNofSeattle]

No, it means that continually cutting IRS budgets has resulted in ineffective enforcement.

I don't disagree that the tax code is too complex, but until they change the rules tax evasion hurts everyone and remains a crime.

What hurts everyone is 30,000 page tax codes, no one can actually say with certainty they are in full compliance with the tax code.

 

[mrjurrs]

What hurts everyone is 30,000 page tax codes, no one can actually say with certainty they are in full compliance with the tax code.

If everyone was the same the code could be simpler. Let's start with classifying all income as the same, or perhaps income produced by labor should be more advantaged than income earned by investment.

 

[Eriech]

Stunning that only 5 Democrats rejected a self declared communist educated in Moscow and vowing to nationalize the American banking system.

Mighty low bar to be considered a moderate in the Democrat AKA the communist party.

 

[Bum]

Yeah....its what I expected would happen; the administration is going to have to draw another name from the hat.

Controversial Biden banking nominee drops out of contention after bruising hearing