Tag: Department of the Treasury

Senate Republicans Introduce Legislation Prohibiting IRS From Conducting Financial Surveillance on Private Citizens

February 22, 2023
congressDepartment of the TreasuryIRSPoliticspresident joe bidenRepublicansSen. John BoozmanSen. Mike CrapoSen. Tim ScottSen. Tom CottonUS
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Thirty-one of the Senate’s 49 Republicans are co-sponsoring a proposal to nullify a Biden administration proposal by banning the IRS from conducting surveillance on the financial affairs of virtually all individual Americans. The lead co-sponsors of the “Prohibiting IRS Financial Surveillance Act” include Sen. John Boozman and Sen. Tom Cotton, both from Arkansas, as well…

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Biden Restarts Clean-Energy Makers Tax Credit Program

February 13, 2023
Archivedclean energyDepartment of the TreasuryeconomyGreen LivingNewsPoliticsUS
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After receiving a $10 billion boost from the Inflation Reduction Act, the Biden administration is resuming a tax credit for makers of solar panels, wind turbines, fuel cells, and other sustainable energy equipment. The U.S. Treasury Department, the U.S. Department of Energy, and the Internal Revenue Service (IRS) have publicized information on the Inflation Reduction…

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Reversal of Long-Standing Policy Keeps Key Documents on Hunter Biden’s Business From Congress

December 2, 2022
Department of the TreasuryHouse Committee on Oversight and ReformHouse Judiciary Committee Ranking Member Jim JordanHunter BidenJim Bidenmoney launderingPolicies & ImpactsPoliticspresident joe bidenSuspicious Activity Reports (SARs)US
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Congressional investigators are being denied access to 148 Suspicious Activity Reports (SARs) filed with the Department of the Treasury by banks concerning financial dealings of President Joe Biden’s son, Hunter, and brother, Jim, according to incoming House Judiciary Committee Chairman Jim Jordan (R-Ohio). “Most Americans have never heard the term ‘Suspicious Activity Reports.’ These are actual reports that financial institutions…

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Sen. Grassley Wants to Know Why Treasury, IRS, DOJ, Are Silent on Confidential Tax Return Leak

September 13, 2022
Department of the TreasuryFederal Tax ReturnsIRSNational SecurityPoliticsProPublicaSecretary of the Treasury Janet YellenSen. Charles GrassleyUSUS News
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Sen. Chuck Grassley (R-Iowa) wants to know why, more than a year later, the Department of Treasury, Department of Justice (DOJ), and IRS have yet to explain to America who leaked highly confidential tax return data on hundreds of Americans to a news outlet. “More than a year ago, the news website ProPublica began publishing…

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US Sanctions Iran Hezbollah Linked Chinese Companies

September 18, 2021
ChinaDepartment of the TreasuryHezbollahInternational RelationsIranIRGC-QFMiddle EastsanctionsUSUS-China relationsWorld
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The United States Department of the Treasury on Sept. 17 sanctioned several Chinese entities and individuals based in China for financing Iran-related terrorist activities. The Office of Foreign Assets Control (OFAC) of the Treasury Department posted on its website Friday that it is imposing sanctions on members of the networks that finance terrorist organization Hezbollah in Lebanon and…

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