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The Latest Breaking News from Andrew Lautz

Artificial intelligence becomes ripe target for taxes

Some progressives are floating various plans to spread the wealth of the AI boom in the run-up to the midterm elections this fall, with proposals ranging from taxes on AI tokens to an excise tax on the energy used by data centers. But other stakeholders are urging a more cautious approach, and…

Roll Call · Jun 29

The ‘X Date’ is when the U.S. could run out of cash—and experts fear a looming election could mean no Treasury Secretary to steady the ship

"Could the car crash? It absolutely could. Do I think it’s likely to do so? No."

Fortune · May 17, 2024

Editorial: IRS gets financial windfall, but keeps same old stripes

Congressional Democrats last year showered the IRS with $80 billion in new funding in an effort to close an estimated $600 billion “tax gap,” the difference between income taxes actually owed and those actually collected. This was supposed to help pay for the Biden administration’s ongoing spendapalooza that has run…

Tribune News Service · Jan 10, 2023

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Taxes won’t immediately rise from Biden student loan plan as GOP argues, experts say

WASHINGTON — Texas Republican lawmakers have been quick to attack President Joe Biden’s student loan forgiveness plan as a heavy burden for taxpayers. However, the arguments used don’t give the full picture of the situation faced by millions of families now sorting out how the forgiveness program impacts them.

Tribune News Service · Sep 13, 2022

IRS Controversially Claims Hiring 87,000 New Agents Won't Mean Higher Audit Rate for the Middle Class

So why do Democrats keep equivocating on the point that households making under $400,000 may be targeted for more audits by an expanded IRS?

Reason · Aug 11, 2022

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