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CNN CNN Tonight July 6, 2024

everyone. i m laura coates, and this is cnn tonight. tyre nichols laid to rest ton tonight. the 29-year-old who was just trying to get home beaten beyond recognition by police officers just about 80 yards from his own front door. the horrific scenes were caught on camera. the d.a. down in memphis says up to 20 more hours including audio from after the beating and after the ambulance takes tyre nichols to the hospital has yet to be released, but apparently it is forthcoming. tyre nichols mother grieving. calling for the passage of the george floyd justice and policing act. i just need whatever that george floyd bill needed passed. we need to take some action because there should be no other child that should suffer the way my son and all the other parents here have lost their children. we need to get that bill passed because if we don t that blood, the next child that dies, that blood is going to be on their heads. a sorority no one wants to be a part of. his olde ....

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CNN CNN Tonight June 4, 2024 03:33:00

Well, it s a notice nearly every american has dreaded receiving, a tax audit from the irs. they re long, they re complicated, and according to a new study they impact some americans disproportionately more than others. that study from research at stanford university found black taxpayers are at least three times as likely to be audited other taxpayers. the question is why. well, it s not because of bias with individual agents but really discrimination in the computer algorithms the agency uses to determine who should be targeted. joining me now is deputy treasury secretary joining us now. nice to have you here, secretary. thank you for joining. you know, when i first read about this study and the results of it, the idea of three times as likely for black taxpayers to be audited is pretty startling ....

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CNN CNN Tonight June 4, 2024 03:34:00

To a lot of people. help me break down these findings and about this idea it s not individual bias by an irs agent but rather it s an algorithm that is the problem. laura, thank you so much for having me. and from the beginning for the president, secretary yellen and myself, we ve been focused on making sure we fairly administer the tax code, and it isn t fair working class black americans or working class people in general are more likely to be audited than millionaires in america. but because of underfunding for the irs for the last ten years, millionaires are 80% less likely to be audited today than they were ten years ago. and the challenge you face is that it s really easy to audit someone like you or me who gets a w-2 and gets a paycheck that the irs can look at. but it s far harder to audit wealthy individuals, people who ....

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CNN CNN Tonight June 4, 2024 03:37:00

System that pushes for fairness, not only fairness but puts us in a position to earn money from the people most likely to have money to hide going forward excuse me, one moment. i don t want to cut you off but i am interested in this particular point. i know we re talking about an inkreegs in funding and i don t pretend to be a steve jobs or a w w wozniak but why is the algorithm contingent on funding? we re working to fix the algorithm but also to fix it in a way that allows us to go after those most likely to hide large amounts of money going forward. so it s not only we need to make sure the tax code is administered in a way that is fair for all americans, which is essential and something the president has called on the irs to do, we have been working to do that. but the thing we also want to do ....

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CNN CNN Tonight June 4, 2024 03:38:00

Is make sure that we re going to use the resource of the irs to go after those people who are the least likely to pay for things we need in america likeed we know those are wealthy americans who make more than $400,000 a year. so i agree with you one of the things we need to do is address the challenges we have with our technology system and improve that to icsure the tax code is administered fairly and in addition to do that we raise money for the things we need to do in this country. i want to play for you when speaker mccarthy got elected and got that gavel one of his first orders was to address the irs. listen to this real quick. i know the night is late, but when we come back our very first bill will repeal the funding for 87,000 we believe government should be to help you, not go after you. you ve got a pretty steep hurdle if that s one of the first orders of business in ....

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