Taxpayers and corporations. [inaudible conversations] [inaudible conversations] are right. This joint hearing of the subcommittee on Government Operations and the federal workforce and healthcare and Financial Services committee will come to order. Welcome everyone. Without objection the chair may declare a recess at any time. Recognize myself for the purpose of making an opening statement. First and foremost thank youst l for being here in this crazy but at times were in. Nevertheless, what were talking about is extremely important. The irs has been played really with dysfunction for decades. The dysfunction is across the board from data breaches complex, and didnt except to slow audits, backlogs, and really Terrific Customer Service got at least for my constituents. Despite years of congressional oversight and government watchdog warnings, not much has changed. My colleagues on the other side of the aisle believe that more money and more power is thee solution. In fact, the last year
Force and Health Care Committee will come to order. Without objection, the chair may declare a recess at any time. I recognize myself for the purpose of making an opening statement. Ms. Mcclain first and foremost, thank you all for being here in this crazy bit of times were in. What were talking about is extremely important. The i. R. S. Has been plagued really with dysfunction for decades. From data breaches, leak, Identity Theft, slow audits, backlogs and horrific Customer Service at least from my constituents. Despite years of oversight and government watchdog warnings not a lot has changed. My colleague on the other side of the aisle believe more money and more power is the solution. In fact in last years Inflation Reduction Act, Congressional Democrats dumped 80 billion 80 billion into the i. R. S. With this influx of cash the inch r. S. Plans to ramp up audits on all americans. This funding spree prioritizes enforcement over improving Taxpayer Services. Taxpayer Services Like pro
Tenyear note at 4. 556 . Twoyear note at 4. 927 . As you imagine in the energy world impacted by this. Wti crude is not impacted much. Check out crypto. For you trying to watch what the markets may do over the weekend as people were focused on bitcoin since it was trading as the strikes were taking place. 6 66,609. What was the low, mike . Low 60s. I was actually on twitter trying to understand the maneuverings because of the thesis, if you will, around what bitcoin should or should not be in this moment. It doesnt conform to anything lyinearly. This was pretty well telegraphed. You have the broader context which is typically an expected potential escalation of geopolitical conflict is not the thing to really drive the next weeks and months in markets. I do think markets are dealing with other stuff. Right now, a little bit of pressure is taken off because doesnt look to spiral. Oil is in the lied. Lead. The other part of it is were only getting back at the open if this is how it stand
i ll see you at the end of tomorrow. tonight on all in. reducing the irs does not make a lot of sense to me. ignoring ukraine, ignoring gaza, the maga conditions for aid to israel. making it much easier for the ultrarich to cheat on their taxes. how the heck could that be their highest priority? tonight, the republican plan to make billionaire tax cheats great again. plus, what s happening with hostages and the humanitarian collapse inside gaza, as the israeli invasion continues. then a day before his adult sons testify, is the indicted ex president already violating his gag order? and senator sheldon whitehouse on subpoenas for republican megadonor s over lavish spending on supreme court justices. i would like to keep that, friends. when all in starts right now. good evening from new york, i m chris hayes. the united states congress began this week with the speaker of the house and both of its chambers in session. the last time that was true, we were an entir
ignoring ukraine, ignoring gaza, the maga conditions for aid to israel. making it much easier for the ultrarich to cheat on their taxes. how the heck could that be their highest priority? tonight, the republican plan to make billionaire tax cheats great again. plus, what s happening with hostages and the humanitarian collapse inside gaza, as the israeli invasion continues. then a day before his adult sons testify, is the indicted ex president already violating his gag order? and senator sheldon whitehouse on subpoenas for republican megadonor s over lavish spending on supreme court justices. i would like to keep that, friends. when all in starts right now. good evening from new york, i m chris hayes. the united states congress began this week with the speaker of the house and both of its chambers in session. the last time that was true, we were an entirely different world. just remember, it was on october 3rd, when a small group of maga republicans fired the last