Political Capital

Posts tagged: irs

The Internal Revenue Service headquarters stands in Washington, D.C.

Photograph by Andrew Harrer/Bloomberg

The Internal Revenue Service headquarters stands in Washington, D.C.

Bloomberg by the Numbers: $13.1 Billion

That’s how much the Internal Revenue Service collected in estate taxes in fiscal year 2013. The Republican-led House may vote to repeal the tax before the Nov. 4 election. The House is set to begin a month-long recess after legislative activity today....

Read more »

Lois Lerner, the director of the Internal Revenue Service's (exempt organizations office, during a House Oversight and Government Reform Committee hearing in Washington, D.C., on May 22, 2013.

Photograph by Pete Marovich/Bloomberg *

Lois Lerner, the director of the Internal Revenue Service's (exempt organizations office, during a House Oversight and Government Reform Committee hearing in Washington, D.C., on May 22, 2013.

Sticks and Stones: Lerner’s Permit

Not since George W. Bush called a reporter one has the word ricocheted around the Internet so loudly. Lois Lerner, it turns out, had some harsh words about conservatives in government emails that the House Ways and Means Committee has...

Read more »

John Koskinen, commissioner of the Internal Revenue Service (IRS), swears in to a House Oversight and Government Reform Subcommittee hearing in Washington, D.C., on July 23, 2014.

Photograph by Andrew Harrer/Bloomberg *

John Koskinen, commissioner of the Internal Revenue Service (IRS), swears in to a House Oversight and Government Reform Subcommittee hearing in Washington, D.C., on July 23, 2014.

IRS Needs Commission Bosses: Report

House Republicans are so sick of dealing with Internal Revenue Service commissioners that they want to get rid of the job entirely. IRS Commissioner John Koskinen should be replaced by a bipartisan commission, according to a House Oversight and Government...

Read more »




House Majority Whip Rep. Kevin McCarthy (R-CA), right, and Rep. Lee Terry (R-NE), left, on their way to the House Chamber for a vote in this Sept. 28, 2013 file photo on Capitol Hill in Washington, DC.

Photograph by Alex Wong/Getty Images

House Majority Whip Rep. Kevin McCarthy (R-CA), right, and Rep. Lee Terry (R-NE), left, on their way to the House Chamber for a vote in this Sept. 28, 2013 file photo on Capitol Hill in Washington, DC.

Obama ‘In the Dark’: GOP Narrative

”A presidency in the dark.” The narrative that House Republicans are making of recent events. The graphic at the homepage of Rep. Kevin McCarthy, the California Republican who serves as majority whip in the House, lists a series of events...

Read more »

Seasonal worker Steven Flagg, in a Statue of Liberty costume, three days before the April 15 tax deadline.

Photograph by Luke Sharrett/Bloomberg

Seasonal worker Steven Flagg, in a Statue of Liberty costume, three days before the April 15 tax deadline.

IRS Spent $14 Million Complying with Congressional Inquiry

Congress spent a lot of time investigating the Internal Revenue Service  last year. And now there’s statistical proof. Congressional committees received 10.6 billion disclosures of taxpayer information last year, up from 2.4 billion the year before, according to the Joint Committee on...

Read more »

Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Photograph by Luke Sharrett/Bloomberg

Seasonal worker Steven Flagg, dressed in a Statue of Liberty costume, holds a sign for a nearby Liberty Tax Service franchise location in Louisville, Kentucky, on April 12, 2014.

Bloomberg by the Numbers: $1,259

    Each U.S. taxpayer would have to pay $1,259 on average to recoup revenue lost to corporations and individuals who use offshore tax havens.  ”The United States loses approximately $184 billion in federal and state revenue each year due...

Read more »

U.S. Treasury Inspector General for Tax Administration J. Russell George, former IRS Commissioner Douglas Shulman and Internal Revenue Service Director of Exempt Organizations Lois Lerner are sworn in before testifying to the House Oversight and Government Reform Committee on May 22, 2013 in Washington, DC.

Photograph by Chip Somodevilla/Getty Images

U.S. Treasury Inspector General for Tax Administration J. Russell George, former IRS Commissioner Douglas Shulman and Internal Revenue Service Director of Exempt Organizations Lois Lerner are sworn in before testifying to the House Oversight and Government Reform Committee on May 22, 2013 in Washington, DC.

IRS Oversight Board’s Empty Chairs

More than 300 days after a political controversy rocked the Internal Revenue Service, President Barack Obama did something rare: He nominated someone to the tax agency’s oversight board. His pick is Linda Millsaps, former chief operating officer at the North...

Read more »