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Lawmakers bicker over how to go after tax cheats


Democrats and Republicans both say they want to narrow the gap between taxes paid and the amount owed, suggesting that going after tax cheats could garner bipartisan support as a potential revenue stream.
But Republicans have become increasingly critical of the details in Biden’s proposal, a sign that hurdles remain to reaching an agreement on enforcement.
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“We should pursue bipartisan measures to reduce the tax gap and better enforce our tax laws,” Sen. John Thune
Biden has called for providing the IRS with an additional $80 billion over the next decade to ramp up enforcement, update technology and improve customer service at the agency. He has also proposed requiring banks to include new info on account activity in annual reports to the IRS so that the agency can better target its audits. ....

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Schumer on 4/20: Bill coming to end federal marijuana prohibition


“Senators Booker, Wyden and I are going to continue to work on our legislation and in the near future we hope to have a draft of a comprehensive reform effort,” Schumer said.
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He added that the forthcoming bill would end the federal prohibition but also “ensure restorative justice, protect public health and implement responsible taxes and regulations.”
“It’s time for change. I believe the time has come to end the federal prohibition on marijuana in this country,” he said. 
Schumer, who said his own thinking had “evolved,” pointed to changes to state marijuana laws across the country, including in his home state of New York, which officially legalized recreational marijuana for adults.  ....

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