How much money could Biden raise for infrastructure through tougher IRS enforcement? It's not clear
CNN
President Joe Biden wants to raise money for his ambitious economic agenda by ramping up enforcement at the Internal Revenue Service -- a way for the federal government to spend more money without raising taxes or adding to the deficit, making it a win-win in the eyes of lawmakers.
The latest infrastructure proposal agreed to by the White House and a bipartisan group of senators suggests that an additional $100 billion could be collected by the IRS over the next 10 years by simply beefing up enforcement and making sure the government is collecting what taxpayers actually owe -- also known as closing the "tax gap." Biden also suggested earlier in the year that if he could boost the IRS's budget by $80 billion to pay for enforcement, he could increase revenue for the government by $700 billion over 10 years -- money he'd use to fund his American Families Plan, which would invest in child care, pre-K and colleges.
The US military conducted a strike against an alleged drug-trafficking vessel in the eastern Pacific Ocean on Monday, killing two people, according to US Southern Command.
President Donald Trump’s Monday meeting in Florida at Mar-a-Lago with Israeli Prime Minister Benjamin Netanyahu generated plenty of warm words — but no clear progress in their peace plan for Gaza.
Rosario Olmos spent this Christmas without one of her greatest gifts. Her 19-year-old daughter, Camila Mendoza Olmos, had gone missing the day before just outside San Antonio, Texas.
On a day meant for family and rest, a father’s holiday joy turned to fear in Texas when his 15-year-old daughter didn’t come back from walking her dog, authorities said.
The United States on Monday announced a $2 billion pledge for UN humanitarian aid as President Donald Trump’s administration continues to slash US foreign assistance and warns United Nations agencies to “adapt, shrink or die” in a time of new financial realities.
President Donald Trump said the United States had taken out a “big facility” last week as part of a pressure campaign against Venezuela but did not provide further details on the reported US action.
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In the year 1998 – when Bill Clinton was president, most households still had landline phones, and CNN’s website looked like this – Gallup and USA Today called up 1,055 Americans on those landlines and asked them for their best predictions about a year in the distant future: 2025.
Repeatedly this year, Prime Minister Benjamin Netanyahu has flown to the United States to praise President Donald Trump as Israel’s greatest champion — and to quietly press him on taking more aggressive action against Israel’s enemies.
Supreme Court Justice Samuel Alito has a remarkable record of transforming his old dissenting opinions into the new majority view and setting the direction of the law in America.
(CNN) — One person was killed and another was left critically injured after two helicopters crashed in southern New Jersey on Sunday, officials said.
Pipe bomb suspect told FBI he targeted US political parties because they were ‘in charge,’ memo says
The man accused of placing two pipe bombs in Washington, DC, on the eve of the January 6, 2021, riot at the US Capitol told investigators after his arrest that he believed someone needed to “speak up” for people who believed the 2020 election was stolen and that he wanted to target the country’s political parties because they were “in charge,” prosecutors said Sunday.
The train’s main line only came into service in 2023, under a new program aiming to create an alternative to the Panama Canal.