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Ukraine’s aid passed through the Senate $40 billion in emergency aid The package approved by the Senate right on time. The Pentagon almost ended its funding for sending weapons to Ukraine. Eleven Republicans opposed the measure. The House passed the bill last week. There is no offset involved.
Schumer and Manchin Are Talking Expenses and Taxes…Again, Senate Democratic Leader Chuck Schumer and Sen. Joe Manchin are reportedly talking again about some kind of social spending, climate and tax bill. The two have a good working relationship but only a few weeks are left before the unofficial deadline for Memorial Day. And while Munchkin supports raising tax rates on corporations and high-income families, fellow Democratic Senator Kirsten Cinema does not. And Schumer needs the support of both in the 50/50 Senate.
GAO: A handful of IRS employees incorrectly disclosed personal taxpayer information, government accountability office report The IRS identified approximately 340 cases of unauthorized access to personal income tax returns by IRS employees and about 200 cases of unauthorized disclosure between 2012 and 2021. Most of the staff involved were non-supervisory. Violators were fired, suspended or resigned.
Up the hill next week. Senate Finance Committee will hold a Hearing on supply chain resilience on WednesdayInvestigating ways to reduce backlog and strengthen long-term security.
Delaware lawmakers called for a ban on raising taxes on school boards after property revaluation. The House Education Committee unanimously passed a bill Prevent school boards from unilaterally raising property taxes Revaluation after court order. Delaware law currently allows the practice without a vote. Local schools get about a third of their revenue from property taxes. The last assessment in Delaware’s three counties was in 1987.
New Mexico families will begin receiving their own state income tax exemption. This week, hundreds of thousands of residents may start receiving $250 direct deposit payments. MPs gave approval a month ago payment, for the purpose of helping New Mexicans pay for the high cost of living. Paper checks will be sent by post in the coming days.
The oil industry continues to backtrack on Britain’s windfall tax. oil and gas producers say they are already Nearly £7.8 billion more tax paid As a result of the price increase, over £3.1 billion last year. He warned that a sudden tax hike could reduce investment in energy production.
A tax collector goes to federal prison for filing a false personal tax return. Roseanne Kazvalina, 70, elected official in Ridley Township, Pennsylvania, Filed wrong personal tax return for five years, reducing his income by more than $400,000. She failed to report the charges received for the services rendered to the township. He was sentenced to one year in federal prison and owes the IRS $112,486 in restitution.
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