“Six hundred billion dollars per year, and growing: That is two-thirds of total nondefense discretionary spending by the federal government, about what is spent on defense operations, military personnel and procurement, and more than mandatory federal expenditures on Medicaid. It’s also approximately how much unpaid taxes cost the U.S. government. This must change, and it can.
The five of us served as Treasury secretary under three presidents, both Republican and Democrat, representing 17 years of experience at the helm of the department. While we are not in agreement on many areas of tax policy, we believe in the importance of strengthening the tax system to do more to collect legally owed but uncollected taxes — which, left unaddressed, could total $7 trillion over the next decade. We are convinced by the strength of our experiences that more can be done to pursue evasion in the ways outlined by President Biden’s recent proposal to increase the resources and information available to the I.R.S.”
David Lindsay: Bonjour. Viva la tennis a la Internationaux de France de Tennis, aka the French Open. It is more scandalous than the shortages at Starbucks. Naomi Osaka has withdrawn, since she felt depressed and hounded by the new boss Gilles Moretton. He apparently was heavy handed, and deserves a big reprimand. However, he should be allowed to keep his job, since Naomi was wrong not to return his phone calls. Helping the IRS raise more taxes, is a much simpler subject, so here is your lift for the day. Tax cheats must pay! See the article above.