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House Republicans on Monday night voted to slash funding for the IRS, following a pledge to repeal the nearly $80 billion approved by Congress last year.
About big losses. it doesn't mean something is untoward here. what happened is the congress is looking at it, the irs should have been looking a the it. they've had trump's businesses under audit for years. you have ups and downs and it's really quite complex. i would caution your viewers not to expect to have definitive answers based on six years of returns. a lot of it goes back to things that trump did years ago with the losses with the casinos. >> right. very complex. mark everson, thank you very much for your analysis. we appreciate it. have a great weekend. >> happy new year to you, jess...
That never happened with donald trump and there's no law that says you have to release your tax returns, but it is an important distinction as to why democrats felt they needed to move forward. >> lauren fox on the hill. abby phillip hear. thanks so much to both of you. stay with us for more of what to expect on the tax documents. we'll turn to former irs commissioner mark everson. we're just getting the tax returns. we know there was supposed to be a mandatory annual audit program for presidents. it appears it wasn't carried out for president trump for three or four years. why do you think it...
Turmoil continues at the top. The emergency responder has had five leaders in six years.
President Joe Biden intends to nominate Danny Werfel to become the next IRS Commissioner, overseeing the plan for the agency’s nearly $80 billion in funding.