Page 7 - Larry Gray News Today : Breaking News, Live Updates & Top Stories | Vimarsana

When IRS Commissioner Danny Werfel met privately with senators recently, the chairman of the Senate Finance Committee asked for his assessment of a startling report: A whistleblower estimated that 95% of claims now being made by businesses for a COVID-era tax break were fraudulent. “He looked at his shoes and he basically said, ‘Yeah,’” recalled the lawmaker who posed that question, Sen. Ron Wyden, D-Ore. The answer explains why Congress is racing to wind down what is known as the employee retention tax credit.

WASHINGTON — When IRS Commissioner Danny Werfel met privately with senators recently, the chairman of the Senate Finance Committee asked for his assessment of a startling report: A whistleblower estimated that 95% of claims now being made by businesses for a covid-era tax break were fraudulent. “He looked at his

Breaking News, Sports, Manitoba, Canada

Lawmakers across the political spectrum who rarely agree on little else agree it's time to close down the program.

What was expected to cost the federal government $55 billion has instead ballooned to nearly five times that amount as of July.