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US Economy

IRS Needs Fund Redistribution for Ongoing Modernization – MeriTalk

TL/DR - The IRS’s National Taxpayer Advocate, Erin M. Collins, has urged Congress to reallocate some funds from the IRS’s Inflation Reduction Act to help modernize the IRS. In her mid-year report to Congress, she praised the agency’s progress in modernizing its technology but stressed the need for continued commitment and funding to meet…

Biden, Trump Spar Over Economy, Inflation in 1st Debate | National News

TL/DR - The first debate between President Joe Biden and former president Donald Trump has started in full swing with both candidates emphasizing their economic policies. Biden pointed out his signature legislation - the inflation reduction act - and its promise of an economic boost via billions of dollars in clean energy incentives. Both…

Biden, Trump Disagree on Economic Plans, Inflation in 1st Debate – MDJOnline

TL/DR - During the first presidential debate, Joe Biden and Donald Trump clashed over their economic policies, with a particular focus on inflation reduction. No specific details were given in the article regarding the content of the argument. The source of this information is MDJOnline.com. Trump and Biden Face Off Over Economic Strategies:…

No intent to return to Congress for inflation act amendment

TL/DR - The White House has confirmed that there are no plans to push for changes to the Inflation Reduction Act, despite concerns from European leaders. President Joe Biden had specified that tweaks could potentially be made to facilitate European countries' participation, or enable them to establish their own similar provisions. However, White…