*VIDEO* Senate Judiciary Committee Hearing On The IRS Targeting Of Conservative Groups (07/29/15)


Subcommittee On Oversight, Agency Action, Federal Rights And Federal Courts
Chairman: Ted Cruz
Witnesses: John Koskinen, Cleta Mitchell, Stephen Spaulding, Edward D. Greim, Lawrence Noble, Toby Marie Walker, Diana Aviv, Jenny Beth Martin, Gregory L. Colvin, Jay Sekulow

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……………………….Click on image above to watch video.
………………— Note: hearing begins at about the 18:45 mark —

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Click HERE to visit the official website of the U.S. Senate Judiciary Committee

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*AUDIO* Mark Levin: The Republican Leadership In Congress Is Ruining The Party And The Country


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Hitlery To Propose Doubling Capital Gains Tax On Short-Term Investments

Clinton Would Double Capital Gains Tax On Short-Term Investments – OANN

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Democratic presidential candidate Hillary Clinton will propose nearly doubling the U.S. capital gains tax rate on short-term investments to 39.6 percent, the Wall Street Journal reported Friday.

A Clinton campaign official said the Clinton rate plan would affect investments held between one and two years, which are currently taxed at a 20 percent capital gains rate, the newspaper reported.

Clinton, the front-runner for the 2016 Democratic presidential nomination, will outline her plan in a speech Friday in New York. She will argue that corporate efforts to boost stock prices in the short term undercuts longer-term economic growth and hurts American workers, the newspaper said.

Top-bracket single earners with taxable income higher than $413,201 and married couples filing jointly with income above $484,850 would be affected, the newspaper reported.

The campaign official, who was not identified, said the plan would not change the capital gains rate for lower-income taxpayers, the journal said.

The plan would not count an extra 3.8 percent tax on net investment income included as part of the federal healthcare law, it said.

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Leftist Nightmare Update: IRS Might Not Refund $38M In Overpaid ObamaCare Fines

IRS Might Not Refund $38M Overpaid ObamaCare Fines – Sweetness & Light

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Fines? What fines? Those are ‘shared responsibility payments.’

From the Washington Free Beacon:

300,000 Taxpayers Overpaid Obamacare Fine by $38 Million, IRS May Not Return Money

By Morgan Chalfant | July 15, 2015

Approximately 6.6 million U.S. taxpayers paid a penalty for not having health insurance imposed this year under Obamacare, and hundreds of thousands of them overpaid the fine.

Bloomberg reported Wednesday that the number of taxpayers paying the fine, which was put in place to encourage Americans to enroll in health coverage, exceeded the Obama administration’s initial estimate by 10 percent.

Funny how all of the ‘bad stuff’ about Obama-Care was underestimated. What are the odds?

According to a new report from the National Taxpayer Advocate, an independent organization within the Internal Revenue Service (IRS), the average fine paid by taxpayers was $190. The penalty, however, can reach up to 1 percent of one’s income.

The report also discovered that about 300,000 taxpayers, most of whom should have been deemed exempt because of low income, overpaid the fine by $35 million. The average amount overpaid by each individual was $110.

So Obama-Care even fined the poor. What a surprise.

The IRS has yet to decide whether or not it will return the funds to those who overpaid…

According to the report, approximately 10.7 million U.S. taxpayers filed for exemption from the penalty…

And never mind that most of these people getting exemptions are the very people Obama-Care was supposed to get to pay their ‘shared responsibility.’

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Looks Like Lois Lerner May Have Been Behind Targeting Of Conservatives In Wisconsin

Oh My. It Looks Like Lois Lerner May Have Also Been Behind Conservative Targeting In Wisconsin – Poor Richards News

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Remember those horrifying police raids in Wisconsin a while back? With no hyperbole, it was modern-day tyranny that should have incensed the entire nation, regardless of political affiliation or viewpoint. Instead, very few ever even heard about it. Why? Because progressives were the perpetrators and conservatives were the targets. The raids were part of a so-called “investigation” of conservatives who were supporting Scott Walker.

Well new email evidence suggests that Lois Lerner may have been in cahoots with a Wisconsin official regarding the investigation.

From the WSJ:

Wisconsin’s campaign to investigate conservative tax-exempt groups has always seemed like an echo of the IRS’s scrutiny of conservative groups applying for tax-exempt status. It turns out that may be more than a coincidence.

Former IRS tax-exempt director Lois Lerner ran the agency’s policy on conservative groups. Kevin Kennedy runs the Wisconsin Government Accountability Board (GAB) that helped prosecutors with their secret John Doe investigation of conservative groups after the 2011 and 2012 recall elections of Governor Scott Walker and state senators.

Emails we’ve seen show that between 2011 and 2013 the two were in contact on multiple occasions, sharing articles on topics including greater donor disclosure and Wisconsin’s recall elections. The emails indicate the two were also personal friends who met for dinner and kept in professional touch. “Are you available for the 25th?” Ms. Lerner wrote in January 2012. “If so, perhaps we could work two nights in a row.”

This timing is significant because those were the years when the IRS increased its harassment of conservative groups and Wisconsin prosecutors gathered information that would lead to the John Doe probe that officially opened in September 2012. Ms. Lerner’s lawyer declined comment. Mr. Kennedy said via email that “Ms. Lerner is a professional friend who I have known for more than 20 years” but declined further comment.

Read the Rest (H/T: NRO)

There are dozens of current and former federal, state and local employees who should be in jail right now because of this. Chief among them? Lois Lerner. But I’m not going to hold my breath.

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IRS Commissioner Admits Illegal Aliens Can Get Back Taxes Under Obama’s Executive Amnesty

IRS Finally Admits Illegals Can Get Back Taxes Under Obama Amnesty – Washington Times

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IRS Commissioner John Koskinen has confirmed to Congress that illegal immigrants granted amnesty under President Obama’s new programs could claim back refunds even when they never filed returns to pay their taxes in the first place.

Sen. Chuck Grassley, who had pressed Mr. Koskinen over the issue, released written responses Wednesday in which the commissioner admitted he’d botched the question earlier and, in fact, illegal immigrants granted the amnesty will now be able to claim refunds on tax returns they never even filed, thanks to the Earned Income Tax Credit.

“To clarify my earlier comments on EITC, not only can an individual amend a prior year return to claim EITC, but an individual who did not file a prior year return may file a return and claim EITC (subject to refund limitations under section 6511 of the Internal Revenue Code),” Mr. Koskinen said.

He insisted, however, that he doubts many illegal immigrants will take advantage of the loophole because they would have to be able to prove their earnings for those years they never filed returns.

“Filers would have to reconstruct earnings and other records for years when they were not able to work on the books,” he said.

Taxpayers must have Social Security numbers in order to claim the EITC, and illegal immigrants aren’t supposed to have numbers. But Mr. Obama’s new deportation amnesty grants illegal immigrants work permits, which are then used to obtain Social Security numbers.

IRS lawyers have ruled that once illegal immigrants get numbers, they can go back and refile for up to three previous years’ taxes and claim refunds even for time they were working illegally.

The lawyers said since the EITC is a refundable credit, that’s allowed even when the illegal immigrants worked off the books and never paid taxes in the first place.

“Section 32 of the Internal Revenue Code requires an SSN on the return, but a taxpayer claiming the EITC is not required to have an SSN before the close of the year for which the EITC is claimed,” Mr. Koskinen said. “At your request, the IRS has reviewed the relevant statutes and legislative history, and we believe that the 2000 Chief Counsel Advice (CCA) on this issue is correct.”

Mr. Koskinen had initially said illegal immigrants could claim refunds, but only for years they’d filed returns and presumably had paid some taxes.

Most of Mr. Obama’s amnesty is on hold after federal courts ruled he likely broke the law by acting on his own without Congress‘ approval and without putting his policy out for public review and comment.

But a 2012 policy that applies to so-called Dreamers, or young adult illegal immigrants brought to the U.S. as children, is in effect.

Homeland Security has approved 664,607 initial applications for Dreamers, and approved another 243,872 renewals over the last year, extending the initial two-year amnesty for another two years.

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The IRS Hates Tax Cheats… Unless They Work For The IRS

IRS Gave Promotions To Tax Cheaters: Audit – Washington Times

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The IRS refused to fire most of its own employees found to be cheating on their taxes – and in some cases even quickly turned around and promoted them within the year, according to a new audit released Wednesday.

In about 60 percent of cases of “willful violations” IRS managers found mitigating circumstances and refused to fire the employees, even though the law calls for that penalty. In some of those cases the managers didn’t even document why they’d overridden the penalty, said Treasury Inspector General for Tax Administration J. Russell George.

“Given its critical role in Federal tax administration, the IRS must ensure that its employees comply with the tax law in order to maintain the public’s confidence,” Mr. George said. “Willful violation of the law by IRS employees should not be taken lightly, and the IRS Commissioner should fully document decisions made to retain employees whom management has proposed be terminated.”

During the decade from 2004 to 2013, the IRS identified nearly 130,000 potential cases of tax violations by its own employees, and concluded about 10 percent of those were actual violations. Mr. George said the agency did a good job of spotting those issues.

Of those 13,000 cases, 1,580 were deemed to be intentional cheaters, and they were sent to managers for discipline. But in 60 percent of the cases, the managers refused to fire the employees.

Among the abuses were employees who repeatedly failed to file their returns on time, those who intentionally inflated their expenses and those who claimed the stimulus homebuyer’s tax credit without actually buying a home.

The IRS said its employees have a compliance rate of higher than 99 percent, which is actually much higher than other employers and is tops among all major federal agencies.

“Over ten years, TIGTA found an average of a little more than 150 IRS employees a year committed a willful tax violation. Of the total cases, 620 – or nearly 40 percent – resulted in the employee leaving their position because they were terminated, resigned or retired. Others faced strong disciplinary actions that included terminations, suspensions and reprimands,” the agency said.

The IRS also said it has taken steps to cancel bonuses that would otherwise have been paid to the tax cheats.

“Nonetheless, the IRS agrees that we can improve this process. The changes will include a more proactive approach to ensure timeliness and consistency and provide more transparency in the mitigation process while preserving the commissioner’s authority provided by federal law,” the agency said in its statement.

Of the 1,580 employees deemed to have intentionally cheated on their taxes, 108 of them received no punishment at all. The others were at least admonished, while 25 percent were fired and 14 percent were allowed to resign or retire instead of being fired.

The vast majority of substantiated reports involved “nonwillful” violations. Of those, just 238, or about 1 percent, were deemed serious enough to be fired. Another 1 percent were allowed to retire or resign, 47 percent were admonished, 26 percent were sent to counseling and 14 percent were closed without any punishment.

More than 2,000 employees had multiple red flags during the decade, the inspector general said. Investigators pulled a sample of 15 cases where an employee had repeated intentional violations and found that even there, the majority were allowed to remain on the job.

The inspector general took a sampling of 364 cases of intentional cheaters and found that 108 of them were not only not fire, but were given raises or promotions within a year of being found to be cheating.

Sen. Orrin G. Hatch, chairman of the Finance Committee, which oversees the IRS, said the report was a black mark for the IRS.

“Even worse, the agency appears to have rewarded some of them with cash bonuses, promotions, and paid time off,” the Utah Republican said. “This is unacceptable – American taxpayers deserve better.”

IRS Commissioner John Koskinen, who along with a review board must approve the decision to keep any employees deemed to have intentionally cheated on their taxes, has insisted things at his agency have improved over the last two years, which is when another report from Mr. George exposed that the IRS had singled out tea party groups for special scrutiny in their tax-exempt applications.

Mr. Koskinen has argued that budget cuts have eviscerated morale at the IRS, and he has pleaded with Congress to give him more money to hire staff. He also defended doling out bonuses to employees.

“They are not bonuses. They are performance awards. Over 40, 45 percent of the employees don’t get them. You only get them if you perform,” he said.

But he said he’s taken steps to try to make sure tax cheats don’t get awards.

“Even though we have over 99 percent compliance, I thought it was an important point,” he said.

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