Posts Tagged Government finance

Ex-IRS official called conservatives ‘crazies

In this May 22, 2013 file photo, Internal Revenue Service official Lois Lerner refuses to answer questions as the House Oversight Committee holds a hearing to investigate the extra scrutiny the IRS gave Tea Party and other conservative groups that applied for tax-exempt status, on Capitol Hill in Washington. Lerner, a former IRS official at the heart of the agency's tea party controversial called Republicans "crazies" and more in newly released emails. Lerner used to head the IRS division that handles applications for tax-exempt status. In a series of emails with a colleague in November 2012, Lerner made two disparaging remarks about members of the GOP, including one remark that was profane. House Ways and Means Committee Chairman Rep. Dave Camp, R-Mich., released the emails Wednesday as part of his committee's investigation. Camp says the emails show Lerner's disgust with conservatives. (AP Photo/J. Scott Applewhite, File)

WASHINGTON (AP) — A former IRS official at the center of the agency’s tea party controversy referred to some right-wing Republicans as “crazies” and more in emails released Wednesday. A key GOP lawmaker says the remarks show that Lois Lerner was biased against conservative groups and targeted them for extra scrutiny.

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New Mexico tax holiday starts Friday for shoppers

SANTA FE, N.M. (AP) — New Mexico’s annual tax holiday is approaching and will provide shoppers with savings on purchases of school supplies, computers and some clothing and shoes.

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Despite good news, benefit programs face problems

Health and Human Services Secretary Sylvia Burwell, center, flanked by Treasury Secretary and Managing Trustee Jacob J. Lew, left, and Labor Secretary Thomas E. Perez, speaks at a news conference at the Treasury Department in Washington, Monday, July 28, 2014, to discuss the release of the annual Trustees Reports. (AP Photo/Susan Walsh)

WASHINGTON (AP) — Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security’s disability program is already in crisis as it edges toward the brink of insolvency.

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Obama wants limits on US company mergers abroad

President Barack Obama speaks about the economy at the Los Angeles Trade-Technical College in Los Angeles, Thursday, July 24, 2014, on the final day of his three-day West Coast trip. Striking a populist stand ahead of the midterm elections, Obama is demanding "economic patriotism" from American corporations that seek overseas mergers to avoid U.S. taxes. Obama and congressional Democrats are pushing to severely limit such deals, a move resisted by Republicans who argue the entire corporate tax code needs an overhaul. (AP Photo)

LOS ANGELES (AP) — Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded “economic patriotism” from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers.

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House, Senate chairs offer competing bills on VA

Sen. Bernie Sanders, I-Vt., right, with Sen. Richard Blumenthal, D-Conn., speaks during a news conference on Capitol Hill in Washington, Thursday, July 24, 2014, on the Veterans Administration. The chairmen of the House and Senate Veterans Affairs committees offered competing new proposals to fix a veterans health care program scandalized by long waits and falsified records covering up the delays. (AP Photo)

WASHINGTON (AP) — With Congress scheduled to recess in a week, the chairmen of the House and Senate Veterans Affairs committees offered competing proposals Thursday to fix a veterans’ health care program scandalized by long patient wait times and falsified records covering up the delays.

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