The Damage Report
The Damage Report
@thedamagereport·1.3M subscribers·34.1K videos

Why White-Collar Criminal Enforcement Is Falling Apart

Posted

April 4, 2022

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White-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."

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Donald TrumpJohn IadarolaDavid Cay JohnstonThe Damage Report BecomeFacebook HelpProgressives SubscribeThe Damage Report YouTubeFollow The Damage Report

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Why White-Collar Criminal Enforcement Is Falling Apart · The Damage Report · Sentinel