News
Senator Barrasso Questions IRS Commissioner at Finance Committee Hearing
Published
8 months agoon
By
Ron Richter
At a Senate Committee on Finance hearing Tuesday, U.S. Senator John Barrasso (R-WY) questioned Internal Revenue Service Commissioner Daniel Werfel on the IRS’ direct filing program, increased spending and funding priorities. Sheridan Media’s Ron Richter has the details.
During the hearing, Senator Barrasso highlighted how the IRS’ direct filing portal puts American taxpayers at risk. By replacing the successful private sector options used by millions of taxpayers, this portal gives the IRS full control over the taxes of Americans. Senator Barrasso questioned Commissioner Werfel on how the agency would protect taxpayers from conflicts of interest and what safeguards are in place to protect private data.
Barrasso then questioned Werfel about IRS funding priorities.
The testimony from Commissioner Werfel occurred at the Senate Committee on Financing hearing that focused on President Biden’s fiscal year 2025 IRS budget and the 2024 IRS filing season.
Dennis Fox
April 17, 2024 at 3:55 pm
Why not abolish the IRS? “That which you tax, you get less of.”
Do we want less labor? Do we prefer non-productive people?
An income tax takes money from the wrong side of the ledger. Let’s stop taxing income completely and watch an explosion of income-producing, productive people. That’s the way America rose to greatness in our first 250 years. No income tax till 1913. Along with the creation of the federal reserve. Abolish them both and watch America return to it’s former Glory!
Tax only on the sales/spending side. A low 10% national Fair Tax and no income tax would work great.
Solomon Morris
April 18, 2024 at 9:01 am
Genuine question Mr. Fox, How would a national a national sales tax affect our State/County Sales Tax? Would this event bring, if nothing changed in county, sales tax in Sheridan County to 16%? Would the 10% be spread out equally with the states or dispersed by what each State collects, or dispersed in line with per capita?
Brainstorming how this would work.
Dennis Fox
April 18, 2024 at 2:00 pm
Great question and happy to reply. The idea originated with a book called, “The Fair Tax” by Neil Bortz. (I think).
The concept is: it’s much better to tax the spending side of the equation than the production side. The details are a little complicated, but the concept of abolishing the IRS and the entire Income Tax, are VERY appealing, both economically and in political principle. Yes, it would be added with our state sales tax, so that’s an even more compelling reason to keep our state sales tax as low as functionally possible.
Always remember, the more of our money that we allow gov’t to take from us…….The More They Will Spend! (and waste)
-With no income tax, April 15th is just another spring day.
-Abolishing the income tax encourages people to work hard and produce. To innovate and create.
-Make as much as you can and gov’t will only tax it when you spend it.
-It taxes all the “black market” money when they buy something.
-It encourages the free market to explode the way it did in America during our first 250 years.
-It’s flat and fair. Only afford a VW, pay the 10% tax. Buy a Porsche GT3….pay a lot more in taxes…but still just 10%.
Dennis Fox
April 19, 2024 at 5:19 pm
And please keep up the brainstorming and asking questions.
America needs all the good minds it can get to solve the deep debt-crisis we’re in.
$36 trillion in debt is a disaster!
There are any number of better ways to fund the gov’t than thru taxing people’s hard work. Any funding method that is voluntary is far better than force.
BTW, under the Fair Tax, people would get a credit that would exempt basic needs like food, housing and fuel. You’d only get taxed on the things you voluntarily buy that are over and above basic needs.
And it’s only one way of many good, voluntary approaches.
Just sorry you had to preface your question with “genuine.”
Which is because of the trolls being allowed to lurk here.
Be well.