The Damage Report
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Why White-Collar Criminal Enforcement Is Falling Apart
Posted
April 4, 2022
Views
26,697
Likes
1,305
Comments
236
Engagement
5.77%
April 4, 2022
26,697
1,305
236
5.77%
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6:41Now PlayingWhite-collar crime is being incorrectly addressed, allowing people like Donald Trump able to act without penalty. John Iadarola and David Cay Johnston break it down on The Damage Report.
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Biden Lets Trump Tax Favor for the Rich Proceed
"After months of delay, the Biden administration is moving ahead with a diabolical Trump era tax favor for the super-rich. This decision will cost our government billions of dollars and further entrench dynastic wealth in America while working people are fully taxed.
We call the Trump era plan diabolical because on the surface it looks like a severe crackdown on wealthy tax cheats. In fact, it makes cheating easier and much less likely to be detected by IRS auditors.
The Trumpian scheme increases by more than half the number of personnel auditing gift and estate tax returns, areas where the IRS has told Congress for decades that cheating is rampant. The current — and much shrunken — staff of 137 auditors would be expanded with 71 hires."
#TheDamageReport #JohnIadarola #TheYoungTurks
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