Entries in Tax cheats (1)

Monday
Feb212011

$100 billion, found

This one is going to be short.

The GOP controlled house just passed a budget (soon to be voted down by the Senate, if not vetoed by the White House) that cuts $60 billion in spending. The cuts include programs such as heating assistance for the poor. These cuts are down from the intended $100 billion.

Here's the alternative: Give the IRS the funding and the special mandate to go after millionaires who are hiding their assets in secret foreign accounts. These millionaire tax cheats are costing us - you guessed it - roughly $100 billion a year in lost tax revenue. That's billion with a b.

It won't be a tax hike, just the prosecution of criminals and collection of taxes due under present law.

You're welcome. Glad to be of service, Mr. Boehner.