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.
January 8, 2026 - 06:22
David H. Kaufman Joins Blank Rome as Senior Counsel in Finance and DerivativesDavid H. Kaufman has joined the New York office of Blank Rome as senior counsel, enhancing the firm`s finance, restructuring, and bankruptcy group. With a wealth of experience in finance and...
January 7, 2026 - 18:07
Potential Adjustments to Financial Stock HoldingsEvery weekday, the Investing Club releases the Homestretch, an actionable afternoon update just in time for the last hour of trading. Recently, there has been discussion about the possibility of...
January 7, 2026 - 04:13
Extreme Networks to Announce Q2 2026 Financial ResultsMORRISVILLE, N.C., January 06, 2026—Extreme Networks has revealed plans to disclose its financial results for the second fiscal quarter of 2026. The announcement is set to take place before the...
January 6, 2026 - 10:43
Midday Market Update: Distribution Services Surge While Finance Sector DipsDistribution services shares gained the most on New Zealand`s Exchange, rising almost 3% by midday today. This notable increase reflects a growing confidence in the sector, as companies within...