House Ways and Means Committee members approved legislation on Feb. 28 that provides states new incentives to go after an estimated $400 billion in COVID-19 unemployment insurance (UI) fraud and extending the federal statute of limitations on prosecution of such crimes. The “Protecting Taxpayers and Victims of Unemployment Fraud Act” was introduced in the House…

House Ways and Means Committee members approved legislation on Feb. 28 that provides states new incentives to go after an estimated $400 billion in COVID-19 unemployment insurance (UI) fraud and extending the federal statute of limitations on prosecution of such crimes. The “Protecting Taxpayers and Victims of Unemployment Fraud Act” was introduced in the House…

Two GOP House committee chairmen and the top Senate Finance Committee Republican are challenging President Joe Biden to make public the spending plan for an obscure $3 billion prescription drug price-fixing fund established by the Inflation Reduction Act of 2022. “Unfortunately, the so-called Inflation Reduction Act enacted last year has doubled down on the recent…

The House Ways and Means Committee holds a hearing at 10:00 a.m. ET on Feb. 8 on “The Greatest Theft of Taxpayer Dollars: Unchecked Unemployment Fraud,” with testimony from U.S. Comptroller General Gene Dodaro, Department of Labor Inspector General Larry Turner, and Pandemic Response Accountability Committee Chair Michael Horowitz. The Epoch Times will livestream the…

The House Ways and Means Committee holds a hearing at 10:00 a.m. ET on Feb. 8 on “The Greatest Theft of Taxpayer Dollars: Unchecked Unemployment Fraud,” with testimony from U.S. Comptroller General Gene Dodaro, Department of Labor Inspector General Larry Turner, and Pandemic Response Accountability Committee Chair Michael Horowitz. The Epoch Times will livestream the…

In one of the more unusual tactics to bring the United States into compliance with international agreements, the Biden administration has signed on to a global tax agreement that gives Congress the choice of either approving the deal or watching American companies suffer from foreign tax penalties. Congress this week said it would do neither….

Democrats complained extensively this week about the decision to establish a “Work and Welfare” subcommittee under the House Ways and Means Committee, claiming that the name is highly disrespectful to those who get welfare checks and is particularly offensive to black Americans. To approve the committee’s rules for the 118th Congress, the committee’s new chairman Jason…

Republicans including the Ranking Member of the House Ways and Means Committee Kevin Brady (R-Texas) say Democrats’ plan to raise revenue in an attempt to pay for their $3.5 trillion spending package will increase taxes for small businesses as well as low and middle-class families, while Democrats argue it will only impact the very wealthy….