March 9, 2025 - 02:28

Former IRS commissioners are sounding the alarm over proposed staffing cuts that could significantly undermine the agency's ability to collect taxes and enforce compliance. The plan, which has garnered attention even among conservative circles, raises fears that slashing the IRS workforce could lead to a severe decline in tax revenue and enforcement capabilities.
Experts argue that a reduced staff would hinder the IRS's effectiveness in auditing high-income earners and large corporations, potentially allowing significant tax evasion to go unchecked. This situation could exacerbate existing inequalities in the tax system, where lower-income individuals often face stricter scrutiny compared to wealthier taxpayers.
Critics point out that a well-staffed IRS is crucial for maintaining the integrity of the nation’s tax system. They warn that the proposed cuts could lead to long-term consequences for federal revenue, ultimately impacting funding for essential public services. As discussions continue, the implications of these staffing reductions remain a pressing concern for both policymakers and the public.
September 12, 2026 - 17:12
AMP Financial Advisor Spotlight: Rush “Buddy” Harding IV, Carty, Harding & HearnRush `Buddy` Harding IV often reflects on how much his current role resembles the path he first imagined for himself. As vice president and managing director at Carty, Harding and Hearn, he has...
September 12, 2026 - 00:50
US Tariff Refunds Slow as Government Collects More Than It Pays OutThe flow of tariff refunds from the US government has slowed sharply, with new figures showing the Treasury took in more money from tariffs than it returned to importers for the first time in...
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Rayonier Advanced Materials’ (RYAM) Pricing Power Is Surging, But Volumes Tell Another StoryRayonier Advanced Materials reported second-quarter results on August 4 for the period ending June 27, showing a mixed picture of financial performance. Net sales reached $376 million, an 18...
September 10, 2026 - 21:54
OpenAI Rolls Out ChatGPT for Financial Services With Major Industry PartnersOpenAI has introduced a version of ChatGPT built specifically for the financial sector, teaming up with several large brokerages and research organizations, including Morgan Stanley and S&P. The...